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Message: The abandonment of Gold To Chase Bitcoin

SideNote: Jim Rogers has mentioned several times in the past that Gold hasn't reached a bottom yet, because to many people where bullish on the metal. Rogers predicts Gold will put in a bottom on the chart around $996.00oz. That bullish sentiment on Gold is now quickly changing since Bitcoin has become all the rage. Folks are abandoning Gold to jump on the Bitcoin bubble; that includes hedge funds. GRIM

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Thursday, December 14, 2017

Bitcoin: Bubbles Can Go On For A Long Time

If I just took out the facts of this industry whatever you want to call it, sector, you know ten years ago there were none. Now there are over 2,000 and if I gave you that fact and then I showed you the charts of 100 of them or a thousand of them and they all go straight up you would say whatever what is that that's a bubble, whether it's cotton or Brazilian stocks or whatever it happens to be you would say that's a bubble. So it looks like a bubble but bubbles can go on a long time a lot you and they often do but just because it looks like a bubble doesn't mean it's the end of the story.
Jim Rogers
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