Gold To Rise Much Higher in This Decade, Do Not Sell It: Jim RogersThe Economic Times
In an Interview with ET Now, Jim Rogers, chairman, Rogers Holdings, gives his views on gold, crude and other commodities. Excerpts: 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.
February 23, 2012 Jim Rogers has taught finance at Columbia University's business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website. © 2012 The Economic Times
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