Jim Rogers is a big name in the American investment scene. He became famous as an expert on commodities, founder of funds (for example, Quantum Fund) and author of books. Rogers, now 79, has repeatedly made positive statements about gold and silver as investment assets in recent years. Back in the spring of 2020, he recommended buying gold. At that time, the price of gold was $1,605 (or €1,447) per troy ounce. Today, the price of the precious metal is up 13% in dollars and 19% in euros.
Recently, he again spoke on the topic of the yellow precious metal. In an interview with the Indian edition of ET Now, he warned about the too long "bullish" trend in the financial markets, which we have seen in recent years. But he is warning of the worst bear market of his life. According to him, the pessimism in the markets is already obvious to everyone, so any good news could well cause a temporary rally in stocks. However, he expects a long bear market in the near future.
When asked about his investment recommendations, Rogers said that there are generally no safe investments. However, in the current environment, he sees clear advantages in precious metals.
He went on to say the following: “Silver is probably less risky than other things. Gold is probably less risky." However, according to him, this does not mean that precious metals are resistant to shocks. That is why he has so far refrained from buying. “I don’t buy them now, because if there is a big collapse, then everything will collapse. But I will probably buy more silver if its price drops a little more,” the expert said. He considers investing in silver and agriculture to be the least risky investments in the next two to three years.
Of precious metals, he said: “Gold and silver cannot be printed out of thin air like fiat currencies, so they can be used by investors to hedge against inflation. At the same time, their prices tend to remain stable during a crisis.”