About Us
Coins For Sale
Selling Your Coins
Rare Coin Archives
Coin Collecting
Investing in Coins
Coin Information
Coin Articles
/World Coins
Books, Loupes etc.
Link to Us
Contact Us
  Sign up for our free NewsLetter
  Sign Up 





Gold to rise much higher in this decade, do not sell it: Jim Rogers
By ET Now Feb 22, 2012, 10.46PM IST

With continuous monetary easing from China, how much support do you see going in for commodities and liquidity eases with the biggest commodity consumer?

Throughout history when you have people printing money and debasing currency, the way to protect yourself and to make money is to own real assets. Silver, rice, natural gas, and those are not specific recommendations. I am just saying those are natural resources. You now have the Bank of Japan, the Bank of England, America, the Chinese apparently are loosening up. Everybody is now loosening the money supply, printing money. That's good for real assets.

It has been few good days for the base metal prices as well. They are seeing strength on China easing and strong economic data as well. How do you forecast base metals from here?

If the world economy gets better, the shortages of nearly all commodities are developing and I am going to make money in the commodities. If the world economy does not get better, they are going to print a lot more money. The place to be is in real assets, including base metals. I do not own as many base metals as I own precious metals, but I own them all.

How would you look at the gold prices then because 1750 has been a resistance for a very long time? How do you see gold amidst the low interest rates from the US, Europe and those concerns from the Middle East as well?

If somebody starts bombing Iran, everything in the world is probably going to go down for a while except maybe gold. Maybe the US dollar would go up initially, but probably everything would be hit in the shock except maybe gold. So I own gold. I am not selling my gold. I bought some gold on Monday a little bit. Not very much, but if gold goes down a lot, I would buy. I hope I am smart enough to buy a lot more gold. Gold is going to go much higher over the course of this decade. Do not sell your gold, not yet.

How about the crude oil prices, which have been making multi-month highs due to Iran's supply concerns?

It is pretty clear that many people in Washington DC and in America who want to do something with Iran, there seem to be many people in Israel who want to do something with Iran. I find it madness if they would even think about something like that because if they do, it is going to cause all sorts of havoc in the world and retaliation, but people do foolish things all the time.

It looks as though something is going to happen. It is not going to be good for any of us if and when it happens. I am not investing as it was going to happen other than the fact that I do own oil and I own commodities, but I hope it does not happen, but it looks like it will.

Gold to rise much higher in this decade, do not sell it: Jim Rogers
Have a friend who might be interested?
Inform them about us now!
Your E-mail: Your Name: Friend's E-mail: Friend's Name:
Send to a Friend
US Rare Coin Investments 2003 - 2017 U.S. Rare Coin Investments