Monday, April 18, 2016

We humans are not good at keeping secrets

I have heard a theory that the world is conspiring to drive down the price of gold so that the Chinese can buy a lot of gold and then everybody is going to drive the price of gold through the roof once the Chinese have enough so that they are equal to others. I have heard a lot of conspiracy theories in my day, and most I don’t buy. It would just take too many people to do this. 

These are conspiracy theories I have heard about gold and silver for years now. Well, if it were true it would take thousands of people around the world to drive down the price of gold and keep it down. Somebody would’ve talked by now. Some evidence would’ve come out because you would have all these central banks and bureaucracies conspiring. Humans are not that good with secrets.

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.