No bubble: Rogers still bullish on gold and silver

Posted Dec 16th 2009 12:10PM by Connie Madon
Filed under: Forecasts, Market Matters, Entrepreneurs, Commodities

Ever since governments around the world started printing stimulus money, Jim Rogers, chairman of Jim Rogers Holding, has been bullish on commodities.

Rogers holds gold and would buy more. "I wouldn't think of selling," he said. "If gold goes to $1,000 per ounce or pick a number -- I hope that I'm smart enough to buy more."

Central bankers are buying gold, making gold an investment of choice among bankers around the world. Rogers does not believe that we've seen a bubble in gold. He believes that gold will appreciate over the next decade.

And he feels that silver is the better buy than gold. Silver is 70% off its all-time high, while gold has made new highs.

Rogers does not hold U.S. stocks. This is simply a risk-reward analysis. The U.S. stock market is up 70% in eight or ten months. Buying at these levels is too risky.

He feels that the U.S. bond market will be the next bubble.

Do you agree with Rogers' assessment of the gold and silver market?

Tags: central bankers buying gold, commodities, gold, inthenews, Jim Rogers, silver