Gold bull market has a long way to go: Jim Rogers

Global commodities investor Jim Rogers says the gold bull run is far from over. "The gold bull market has a long way to go, all commodities have a long way to go - in the end we will end up with a hysterical bubble, at which point I hope I am smart enough to sell, but that is years away," he said.  "The US has been giving the signal that it is going to print more money and Japan has recently said they are going to print more money - what is happening is that money printing is starting again and the market knows it," he told Kitco News. Rogers recounted that a few months ago when speaking to a room full of high-end money managers, they were asked how many of them owned gold. "75 % of the people had never owned gold, or silver. So you can see most people still do not own gold. For most people in the world gold is still an unknown entity," said Rogers, Chairman of Rogers Holdings. During gold's hysterical phase, which Rogers said could take place in 5 to 7 years; everyone will be buying the yellow metal, he said. In the interim, Rogers said we will see more Asian banks buying gold, citing Bangladesh's recent purchase of 10 tones of the IMF gold. (Sept 18, Commodity Online)