Jim Rogers : I hope silver goes down for a while

“I certainly hope silver goes down for a while. I say it as somebody who owns it because if it goes down, I hope I would buy more and if it goes up too much too fast, then I have to sell,” Jim Rogers said according to CNBC prices would be “very dangerous” if silver went to $150 this year. But what constituted such "dangerous" levels was dependent on geopolitical and economic factors, he added

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.