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The Raelian Movement
for those who are not afraid of the future : http://www.rael.org
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http://www.cnbc.com/id/39506845
Commodities Rally Still Strong, Gold Will Hit $2,000: Rogers
Published: Monday, 4 Oct 2010 | 5:12 PM ET
The huge rally in gold is expected to continue—with $2,000 an ounce well within sight over the next decade, well-known commodities
Gold [US@GC.1 1345.0 6.10 (+0.46%) ] will be among the premier plays in commodities, which stand to benefit whether the economy rebounds or not, said Rogers, creator of the Rogers International Commodity Index.
"Gold is going to go a lot higher over the next decade. It may slow down for a while because it's run up so dramatically here in the last few weeks. But gold's going to be much higher," Rogers said. "Adjusted for inflation it should be well over $2,000 now. When I say something like it's going to 2,000 in 10 years it's not a very dramatic statement given the state of the world. I'm sure it's a given."
Rogers said one reason gold will continue to gain is because of what he called the failed policies of the Federal Reserve, its Chairman Ben Bernanke, as well as Treasury Secretary Geithner and other government officials. He said their efforts to prop up the economy have made things worse, not better.
"They've all been dead wrong, totally unadulterated wrong," he said. "Unemployment is higher now than it was before. Everything is worse instead of better. Let people go bankrupt. Let the system clean out and start over."
Either way, he said, investors are better off in commodities than stocks and bonds.
"If the world economy gets better I'm going to make money in commodities," Rogers said. "If the world's economy doesn't get better I'm going to make money in commodities, because (the Fed is) going to print money."
He also said silver may even be a better buy now than gold because it is well off its historical high, while gold has been setting a series of new peaks lately. Rice will do well among soft commodities, he predicted.
"Look at the things that are cheap. Gold is making all-time highs, silver is still 60 percent below it's all-time highs," he said. "So if I was looking at a precious metal, I would look at the places that are still cheap."
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WARNING FROM RAEL: For those who don't use their intelligence at its full capacity, the label "selected by RAEL" on some articles does not mean that I agree with their content or support it. "Selected by RAEL" means that I believe it is important for the people of this planet to know about what people think or do, even when what they think or do is completely stupid and against our philosophy. When I selected articles in the past about stupid Christian fundamentalists in America praying for rain, I am sure no Rael-Science reader was stupid enough to believe that I was supporting praying to change the weather. So, when I select articles which are in favor of drugs, anti-semitic, anti-Jewish, racist, revisionist, or inciting hatred against any group or religion, or any other stupid article, it does not mean that I support them. It just means that it is important for all human beings to know about them. Common sense, which is usually very good among our readers, is good enough to understand that. When, like in the recent articles on drug decriminalization, it is necessary to make it clearer, I add a comment, which in this case was very clear: I support decriminalizing all drugs, as it is stupid to throw depressed and sad people (as only depressed and sad people use drugs) in prison and ruin their life with a criminal record. That does not mean that there is any change to the Message which says clearly that we must not use any drug except for medical purposes. The same applies to the freedom of expression which must be absolute. That does not mean again of course that I agree with anti-Jews, antisemites, racists of any kind or anti-Raelians. But by knowing your enemies or the enemies of your values, you are better equipped to fight them. With love and respect of course, and with the wonderful sentence of the French philosopher Voltaire in mind: "I disapprove of what you say, but I will defend to the death your right to say it".
"Ethics" is simply a last-gasp attempt by deist conservatives and
orthodox dogmatics to keep humanity in ignorance and obscurantism,
through the well tried fermentation of fear, the fear of science and
new technologies.
There is nothing glorious about what our ancestors call history,
it is simply a succession of mistakes, intolerances and violations.
On the contrary, let us embrace Science and the new technologies
unfettered, for it is these which will liberate mankind from the
myth of god, and free us from our age old fears, from disease,
death and the sweat of labour.
Rael
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