Jim Rogers: Gold price overdue strong correction

Investors should ready themselves for a stronger gold price correction, said investment veteran Jim Rogers.

The famous investor also said the US does not deserve its triple A status as Fitch downgrades its outlook for the world's largest economy.  Gold hit record highs of nearly $1,900 per ounce this year, as investors flocked to the safe haven over mounting concerns about the eurozone sovereign debt crisis and fears central banks would print more money. However, prices have fallen back over recent months, and the price today stands at $1,714 per ounce. "I own gold and I am not selling my gold," Rogers told Investment Week. "I have no idea how strong the correction will be. It is very...