Jim Rogers isn’t shy when it comes to economics or politics. He’s a multi-billionaire who’s famous for his expertise in commodities like gold and silver, his belief that China is going to be the next economic superpower of the 21st century, and his strong beliefs in capitalism and the free market.
Whenever Jim Rogers speaks, I always listen. He is, hands down, one of the top investing opinion-speakers in the entire world, and every investor and anyone planning on retiring should read what he has to say about anything money-related. He’s a billionaire, a smart man, and watching him get interviewed is always a treat.
In almost every interview, some young journalist who dislikes him for his pro-gold and pro-capitalism beliefs will try to condescendingly argue with him about gold and commodities, only to get their brain handed back to them on a platter. Subscribe to our newsletter and I’ll email you a video of my favorite interview by him.
Jim Rogers: Gold and Silver Are Going to Go Up
I’ve written before that Rogers is glad silver has recently seen a correction, with him saying that he’s delighted that silver has been temporarily cheaper. This just means he thinks he’ll get more profits in the long run. You can read that article and his thoughts here.
He was quoted by The Street as saying:
“[G]old will be $2,000 certainly in the decade, it’ll probably be much higher than $2,000 in the decade but maybe even sooner I don’t know. But to me it seems pretty clear that it’ll go to at least $2,000. If you adjust the old high back in 1980 for inflation, gold should be over $2,000 now.”
Rogers’ reasoning is fairly close to my own as to why he’s a fan of gold. He understands, just as I wrote at Stand Strong Research, that gold is the best inflation hedge. It’s a fantastic place to store wealth during economic and political turmoil.
And Rogers also believes that the economic and political turmoil is just getting started — the money is still being printed, the world governments won’t cut spending, and the only solution to increased spending is increased money printing.
Long story short, if you believe gold is a good inflation hedge, you should believe gold prices are going higher. It’s essentially unavoidable.
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