The folksy, bow-tie-wearing, commodity bull was asked about gold today and said he will be a buyer at $1300.
Gold hit $1321 on April 16 but rebounded as high as $1469 today.
“If it goes to $1,300, I hope I am smart enough to buy some,” Rogers told Bloomberg. “If it goes lower to $1,200, I hope to buy even more. If… that’s not a prediction.”
He added that gold was overdue for a decline and will make a ‘proper bottom’ before the bull market resumes.
