Renowned investor Jim Rogers has made a bold claim, stating that gold and silver are better investments than stocks, bonds, or real estate in the current economic climate. Rogers, who is best known as George Soros’ former business partner, made the comments in a recent interview on “The Julia La Roche Show.”
According to Rogers, commodities such as gold, silver, and rice tend to perform well during times of inflation. He explained that rising prices make fixed-income assets like bonds less appealing, and higher interest rates often weigh on the stock market and real estate sector. On the other hand, commodities tend to appreciate during inflationary periods, making them a “good place to ride it out and even perhaps make a lot of money,” Rogers said.
Rogers also expressed concern about the US dollar’s status as the world’s reserve currency, noting that other currencies could threaten its role. He highlighted the use of sanctions by the US against Russia as a factor that has stoked concerns in several nations about the dollar’s neutrality.
In addition, Rogers warned about inflation, stating that the staggering amounts of money printing in recent years will lead to worse inflation in the future. While he doesn’t expect an imminent recession, he believes that a major downturn is virtually assured at this point.
Overall, Jim Rogers’ comments provide a unique perspective on the current economic climate, and his insights into the potential performance of gold, silver, and other commodities offer valuable guidance for investors looking to navigate these uncertain times.
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