Buying silver now a good investment – Jim Rogers
"I want to buy some more silver soon."
MOSCOW - Buying silver now is a better investment than gold, while China and Uzbekistan remain attractive countries for investments at the moment, legendary American investor Jim Rogers told Sputnik.
"What I try to do is find things that are down and depressed. I don't like when everybody is at an all-time high. I don't like investing like that," Rogers said.
"If you look around the world, most markets are making new highs. China's down. So, I am looking at China. I have been buying shares in Uzbekistan because they're making very good changes. But other than Uzbekistan and China, nearly all markets are going up. I don't like to buy when everything is going up." Rogers said he was also investing in silver.
"I want to buy some more silver soon.
"I have some gold, I want to buy some more gold, too. If I were buying one today, I would buy silver. Because you know silver is cheaper. I think silver is down 40 per cent from its all-time high. Gold is near its all-time high. So, I would prefer to buy silver now. I bought some silver yesterday. I hope I buy some more if they go down.
"Between silver and gold, silver is the best right now," he said.
Agriculture is another attractive place to invest, Rogers noted. Whenever there is inflation, grain is a way to protect yourself, he said.
The famed investor, now chairman of Rogers Holdings and Beeland Interests, is also the author of several books, including Investment Biker, Adventure Capitalist and Street Smarts.
In addition, Rogers has the Guinness World Record for most countries visited in a continuous journey by car - an adventure he undertook from 1999 to 2002. In 1973, Rogers and George Soros co-founded the world-renowned Quantum Fund, which by 1980 was up 4,200 per cent at a time when the US was in a bear market. Time Magazine, in 1994, dubbed Rogers the "Indiana Jones of finance" for realising huge profits on foreign stocks that were neglected by Wall Street. - BERNAMA-SPUTNIK
