Now at these levels, are you buying them all right now? Or are you just buying silver, platinum and palladium?
Rogers: I bought some silver recently [but I] have not bought the others recently.
But you're not selling them either? Rogers: No, it's [going to] be a huge bubble in precious metals by the end. I don't know when that will be; ask me in 2018, 2020 ... Most long-term bull markets wind up in a huge mania, a huge bubble before it's over and this one will too. Someday, everybody will own gold. Someday, people will be walking down the streets checking gold prices in front-shop windows. No, in the end, it's going to be a huge bubble. If an investor didn't own gold right now, would you tell them it's safe to buy right here at the top? Rogers: I've said before, if I were looking at precious metals I would be looking at the ones that haven't moved as much. If one doesn't own gold, and one doesn't want to buy the others for whatever reason, one should start waiting for some sort of correction and then buy some gold. But as I said, the others are much more depressed historically than is gold. Do you like gold coins, silver coins, or are you looking at a different way of investing? Rogers: I own coins and futures for all of them. Moving out of gold, what else do you like right now? You bought the euro two weeks ago? How come? Rogers: Well, the euro was so beaten down. Everybody in the world was pessimistic about the euro, including me. So I realized normally when there's that kind of emotion in the market, it's time to step in and take the other side. So I bought euro. I own the euro. I don't know what I'm [going to] do with it. But I do own it at the moment. Do you think that the EU's going to survive? Rogers: Well, I don't think that the euro's going to survive. Not at the rate they're going now. I don't think they'll be around in 10 years. If the euro breaks up, it will probably put huge pressures on the EU, and it will probably fall apart too. It's conceivable, you can get rid of the euro and still have the EU. But if the euro starts breaking up, it'll be a lot of emotions and in that kind of a situation, the EU will probably break up too, which will not be good for the world.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV