Jim Rogers: Get Out of Stocks; Buy Gold, Silver and Agriculture

Article posted on May 11th, 2012 by Jack Kneafsey

Fine GoldBy Jack Kneafsey

I thought you would find the following recent comments by famed investor and commodities trader, Jim Rogers, most interesting, as they are from a commentary written by Dominique de Kevelioc de Bailleul for ETF Daily News. In his comments, Jim Rogers provides us with not only his near-term outlook, but also his basic investment thoughts for the rest of the decade.

Dominique writes:

Wall Street’s old guard of economists tell us the U.S. economy is recovering.  However, famed commodities trader Jim Rogers disagrees.  In fact, Rogers is betting the U.S. economy tanks in the “foreseeable future” and suggests investors stay away from stocks and buy goldsilver and agriculture commodities, instead.

… Rogers said he’s betting on goldsilver and agriculture commodities as the winners for the remainder of the decade as more and more investors realize they must jump ship on stocks and board the commodities bull market to preserve wealth as was the scenario of the 1970s and the bull market in tangibles at that time.

… If gold prices drop, Rogers said he’s a buyer, and he expects the bull market in gold won’t end until it, too, reaches a bubble sometime in “2019-21.”     (my emphasis)  

You can read all of ETF Daily News’ article here.

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