In 1973, Jim Rogers teamed up with George Soros to create the Quantum Fund. From 1973 to 1980, the portfolio gained 4,200% while the S&P advanced about 47%, instantly making the Quantum Fund one of the most successful of all time.
For over 50 years, folks have listened to Soros and Rogers for any kind of advice on how to invest. Today, Jim Rogers turned heads because he just recommended investing in gold and silver rather than stocks, bonds, or real estate.
In a recent interview on The Julia La Roche Show, Rogers said commodities like gold, silver, and rice tend to appreciate during inflationary times, meaning they’re “usually a good place to ride it out and even perhaps make a lot of money.”
Rogers points out that gold has historically done well during periods of high prices and geopolitical conflicts. However, he thinks silver is an even better option right now because it’s currently undervalued. He also mentions concerns about the US dollar’s future as the world’s reserve currency, especially given international tensions and the overuse of sanctions by the US.
Rogers warns that inflation is likely to get worse. Despite a recent slowdown in price growth, it’s still above the Federal Reserve’s target. This is partly due to massive amounts of money – or should we say currency – being printed worldwide.
Jim Rogers isn’t the only billionaire investor who’s bullish on gold. Ray Dalio, of Bridgewater Associates, has recommended having a well-diversified portfolio with 5-10% of wealth in gold. He’s been quoted saying, “If you don’t own gold, you know neither history nor economics.”
Earlier this year, billionaire John Paulson highlighted the trend of de-dollarisation and noted that gold is attracting new investors due to persistent inflation fears and new geopolitical tensions.
Article courtesy of Brandon S, GoldSilver
