Jim Rogers has been bullish on commodities for a long time. He was on CNBC last friday and he gave his views on Gold and Silver. While he is bullish on both precious metals he prefers silver because is still 70% below its all time highs:
"I wouldn't think of selling gold. If gold goes to 1,000 dollars (per ounce) I hope that I'm smart enough to buy more."
With central banks now buying gold and many people worried about paper money, gold will be a great investment over the next decade and relatively few people are invested in it, Jim said. At a speech in Prague Rogers surveyed about 300 people, including big money managers, and 76 percent had never owned gold. Jim says that is the proof he needs to acknowledge that gold is not in bubble territory. Still, silver is preferable, with silver 70 percent off its all-time high and gold near it's all-time high.
Related ETF`s: iShares Silver Trust (ETF) (NYSE:SLV) and SPDR Gold Trust (ETF) (NYSE:GLD)
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