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Don’t worry about silver until it hits at least $100, says Jim Rogers

Posted By admin On April 29, 2011 @ 7:27 am In Money Watch | Comments Disabled

James McKeigue
Money Week [1]
Friday, April 29, 2011

Commodities bull Jim Rogers has admitted he is worried that silver might go “parabolic” and crash later this year. The 69-year-old investor remains confident that gold will continue to rise but says that if silver continues to rise at its recent rate, “you’ve got a bubble”.

Rogers is well known for attracting press attention, famously moving his family to Singapore because Asia is “how Europe used to be”. However, investors will particularly interested in his view on silver as he has made several well-timed calls on commodities in the past.

Rogers made his name by co-founding the Quantum Fund with George Soros in the ’70s but it was the launch of his first resource fund in 1998 – which benefitted from rising commodity prices in the following decade – that established him as a ‘commodity guru’.

Speaking to a US radio station, Rogers acknowledged that “people are starting to notice gold” but remains confident that gold has plenty to rise. “Eventually everybody’s going to be owning gold, and then we’ll have to sell our gold. But that’s a long way from now.”

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Dont worry about silver until it hits at least $100, says Jim Rogers 250111banner3 [2]

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URLs in this post:

[1] Money Week: http://www.moneyweek.com/news-and-charts/people-in-the-news/guru-watch/jim-rogers-on-silver-11708

[2] Image: http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM128/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Jim Rogers Comments On Triple Digit Silver And Issues Warning: “Parabolic Moves Always Collapse”: http://www.prisonplanet.com/jim-rogers-comments-on-triple-digit-silver-and-issues-warning-parabolic-moves-always-collapse.html

[5] JIM ROGERS ON COMMODITIES: The Bull Market Will Go Up, Consolidate, Go Up, Consolidate, Go Up And Consolidate For Years: http://www.prisonplanet.com/jim-rogers-on-commodities-the-bull-market-will-go-up-consolidate-go-up-consolidate-go-up-and-consolidate-for-years.html

[6] Buy gold, not miners: Jim Rogers: http://www.prisonplanet.com/buy-gold-not-miners-jim-rogers.html

[7] Jim Rogers wary of buying gold at new high: http://www.prisonplanet.com/jim-rogers-wary-of-buying-gold-at-new-high.html

[8] The Dollar Is Getting Crushed As Oil Hits $111, Gold Hits $1470, Silver Hits $40, And Euro Hits $1.44: http://www.prisonplanet.com/the-dollar-is-getting-crushed-as-oil-hits-111-gold-hits-1470-silver-hits-40-and-euro-hits-1-44.html

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