What China has been doing with gold is terrific. Ten years ago it was hard to buy gold in China and 30 years ago, you couldn't buy gold in China.
I own gold and I hope everybody buys gold and it goes much higher. It will, eventually. I don't know whether China's central bank should buy gold at this moment. I haven't sold any gold. If it goes down a lot, I will be buying more.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.