Jim Rogers,
who received the Mises Institute's Schlarbaum
Prize for the lifetime defense of liberty in 2010, proved
today that he deserved the award.
“If
you listen to governments, then you are not going to make a lot
of money. Governments lie, distort and make mistakes,” he
said this morning on CNBC.
And, he clearly
recognizes the near-global money printing now being conducted
by central banks.
“My
way of playing this is to own real assets like commodities,”
he said “You now have the Bank of England, the Bank of Japan,
the Federal Reserve printing money. The way to protect yourself
at a time like this is to own assets.”
Rogers also
added that he thinks silver looks more attractive than gold at
the moment because of the sustained rise in the gold price. This
is the same thing that Ron
Paul told me when I met with him. The thinking is that as
price inflation heats up and more people look to the precious
metals for protection, the high price of gold in terms of dollars
will make it prohibitive for many to buy gold and will result
in their buying silver. So while, gold and silver will both continue
to climb in price, the gains, percentagewise will be greater for
silver.
Here's the
video:
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