Sometimes we wonder where all the....Buyers are. In a recent interview Jim Rogers said this about gold. Gold is headed higher. The reason? Governments are printing money, and most people haven't invested in gold. I guess we are like pioneers, being the early investors in gold, and gold exploration juniors. I quote part of what Rogers said: “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. “Seventy-five per cent 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. "
Can you comprehend this? After 10 years or so of the gold bull, 75% of the high-end money managers do not own gold in any form, whether bullion or gold companies, gold ETFs, etc.
No wonder there is a lack of volume in most juniors. But things are going to eventually change. Because for a bubble to form, there must be a lot more people invested in it, and there must be mass hysteria. I recommend to anyone to read, or see the interview live, from the kitco site.