Friday, February 17, 2012

Jim Rogers: Don't Pay Attention to Governments

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:


  1. I love the way Rogers handles his interviewers. He's so humble and modest...yet long-time watchers know that when it comes to long-term trends, the man knows his stuff.

    I believe that Rogers & Ron Paul are right about silver. Not only because of the cheaper price, but I personally believe (and hope) that gold corrects. At least to around it can build a base for the next run up.

    The last thing we need is gold going parabolic without some healthy corrections.

  2. "Gold going parabolic"

    I laughed at this. You probably don't watch "Adventure Time with Finn and Jake" but this is something right out of that show!