This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

How to Invest Like Jim Rogers

Most Recent Quotes from www.kitco.com

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.

Miner Bets on Silver

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.

Europe Will Drive Gold Prices Higher

2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BP $43.04 0.00%
DBA $22.22 0.00%
DX $8.23 0.00%
EUO $26.18 0.00%
FXE $107.04 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs