"Jim Rogers speaking to investors in Amsterdam this morning, said that gold is still far from being a bubble and investors should sell bonds and buy precious metals. The chairman of Rogers Holdings, who predicted the start of the global commodities rally in 1999, said that "gold should have a rest but it's far from being a bubble yet."
"Gold will have reached an unbelievable price before it starts falling," Rogers said, who owns gold but prefers silver due to it remaining cheap relative to gold and cheap on a historical basis.
Rogers recently said "silver is going up, but silver is 40 percent below its all time nominal high. Yes, commodities have been going up recently, but they are still extremely depressed on a historic basis."
Related ETFs: iShares Silver Trust (ETF) (NYSE:SLV), SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX) , Newmont Mining Corporation (NYSE:NEM) , AngloGold Ashanti Limited (ADR) (NYSE:AU) , NovaGold Resources Inc. (USA) (AMEX:NG), New Gold Inc. (USA) (AMEX:NGD)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
