Daily Bell: The CFTC just dropped an investigation into silver manipulation. Is it manipulated day-to-day and does it matter?
Jim Rogers:
A) It doesn't matter and B) I don't think it is. There are conspiracy theorists out there who say it's manipulated but I don't buy it. Mainly, I don't buy it because if it were manipulated like the conspiracy theorists say, it's been going on for 25 or 30 years. By now somebody would have told us. You can't keep a secret like that because then the conspirers would have to be all over the world. There would have to be tens of thousands of people. By now we would know about it. I'm a little skeptical.
It doesn't matter, as far as I'm concerned. Silver is going to go much higher. I own silver and if there's somebody trying to artificially suppress it, more power to them because in the end it's going to go up even higher. Whenever you artificially suppress something, once it finally breaks free, boy, does it skyrocket. Look at gold in the '70s. They artificially kept it down at $35 for a few decades. Finally the market said enough and it went up over 40 times. - in Daily Bell
Jim Rogers : Gold & Silver will both go much, much higher over the course of the bull market. The bull market has years to go
Jim Rogers: I'm not smart enough to know something like that. I own gold and silver
and there are a lot of bulls right now. If you look at open interest
and see all the speculators who own gold and silver, that's usually a
worrisome sign. I mean, I am not selling my gold and silver, I assure
you, but I do worry about all these speculators getting in the market.Gold and silver will both go much, much higher over the course of the bull market. The bull market has years to go. How high it will go, I don't know, but maybe read your newsletter – I read it everyday – and so read your newsletter and you will find out where gold and silver are going. I'm not smart enough to know things like that. - in Daily Bell
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