Rogers: Gold and Silver over Stocks

11.14.23 - Rogers: Gold and Silver over Stocks

Gold last traded at $1,962 an ounce. Silver at $23.08 an ounce.

Elite investor Jim Rogers touts gold and silver over stocks and real estate - and warns inflation will worsen and a recession is looming -Business Insider

Jim Rogers expects gold and silver to outshine other assets during a period of historic inflation and widespread worry about a recession.

"If you're in a world where prices are going higher, you want to own the things that are going higher in price," the veteran investor told "The Julia La Roche Show" in a recent interview.

Rogers is best known as George Soros' former business partner, and the cofounder of Quantum Fund and Soros Fund Management. He explained that fast-rising prices make fixed-income assets like bonds less attractive, and the higher interest rates that typically accompany them often weigh on the stock market and real-estate sector.

However, commodities like gold, silver, and rice tend to appreciate during inflationary times, meaning they're "usually a good place to ride it out and even perhaps make a lot of money," Rogers said. He singled out gold as a historical beneficiary of surging prices and raging wars, but hailed silver as the better bet today as its price is much more depressed.

Rogers also said he expects other currencies to threaten the US dollar's role as the world's reserve currency, but he hasn't found the likely winner from de-dollarization as yet. He noted that Washington's use of sanctions against Russia over its invasion of Ukraine has stoked concerns in several nations that the dollar isn't a neutral haven, and could become a liability if a country angers America.