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Thursday, July 1, 2010

Jim Rogers: The best precious metals to buy today

... In his recent slew of interviews, Rogers has proclaimed that he is fond of gold and still owns it.

However, he is not buying more nor is he selling. In the end, he actually thinks gold will be a bubble in the distant future. For some reason he tosses out the year 2019 as his estimate, and it seems he thinks gold's reign will last a decade or so.

He thinks this bubble top is a ways off because governments have been debasing their currencies at a rapid rate. Historically, he points out, this has always led to higher prices for real assets and he thinks this time will be no different.

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