Jim Rogers would buy Gold if it went below $1000 an ounce

I own gold and I am not buying it now. But if there is war, yes! I would be buying gold if it goes higher. But I don’t expect so. I am looking to buy gold on a decline. I do not know how low. Gold has not had a 50 per cent correction in 13 years and that’s very unusual. If gold prices corrected 50 per cent (and that’s not a prediction) and slip below $1,000 an ounce, I would buy more. But I am not buying gold at the moment.

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.