Silver and Gold, will be a bubble someday says Jim Rogers

Commodities investor Jim Rogers explains why a triple digit silver price this year worries him and why Gold and Silver will end up in a bubble sometime in 2017 ,or some years ahead : ....No, not yet. But I’m worried about silver. If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we’ll have to worry. It’s not parabolic yet. I hope something stops it going up in the foreseeable future and we have a correction. There’s never one in history that hasn’t popped. Now, maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing. But if silver goes up the way you’re talking about without currency collapse, I would be very worried."

" That’s certainly part of it, yes. And you have to watch the price action. I remember when gold went parabolic in 1980. I shorted gold when it went parabolic in 1980, and it went higher for another two weeks after I shorted it. But it eventually collapsed. Silver eventually collapsed. All parabolic moves throughout history, there’s never been a parabolic move which hasn’t collapsed in any asset.
Silver and gold, yes, will be a bubble someday, Jay. There’s no question in my mind that all commodities will be a huge bubble someday. But I don’t think that bubble is going to happen in 2011. I think it’s going to be more likely 2017, or 2018…you know, a few years from now. I’m not picking a year, just saying it’s a few years away. It could happen sooner, but I hope not."


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers : I would rather own silver than gold in 2011

Jim Rogers :"..Well, as a generalization, yes. I would rather own agriculture and so other commodities in 2011, but silver may outperform a lot of things. Silver is a metal and it is still depressed. Silver is still 40% below its all-time high. So silver has not been any sort of great bubble compared to perhaps some other assets we know. I, as a class between agriculture, energy and metals, had rather own agriculture and by the way of the precious metals, I would rather own silver than gold. ..."
via ET Now www.economictimes.indiatimes.com

Jim Rogers The FED failed policies will cause the Gold and Silver to go much higher

In a Recent Interview with CNBC CLICK Here to Watch the Interview >>>> Jim Rogers explains that one reason gold will continue to gain is because of the failed policies of the Federal Reserve, its Chairman Ben Bernanke, the Treasury Secretary Geithner and other government officials."Gold is going to go a lot higher over the next decade. It may slow down for a while because it's run up so dramatically here in the last few weeks. But gold's going to be much higher," Rogers said. "Adjusted for inflation it should be well over $2,000 now. When I say something like it's going to 2,000 in 10 years it's not a very dramatic statement given the state of the world. I'm sure it's a given."
Bernanke and Geithner "They've all been dead wrong, totally unadulterated wrong," Rogers explains. "Unemployment is higher now than it was before. Everything is worse instead of better. Let people go bankrupt. Let the system clean out and start over."

"If the world economy gets better I'm going to make money in commodities," Rogers said. "If the world's economy doesn't get better I'm going to make money in commodities, because (the Fed is) going to print money."
Silver is expected to soar too , silver may even be a better buy now than gold because it is well off its historical high, while gold has been setting a series of new peaks lately Rogers explains......

Jim Rogers : Silver is still 60% below its all-time high

Jim Rogers recommends Gold and Silver

Jim Rogers : “If I were to go to precious metals, I would rather look at silver than gold. Silver is still 60% below its all-time high,” “Buy yourself some silver chopsticks or some silver cutlery and buy yourself some rice, and you will be very rich in five or 10 years.”

Gold is going to go a lot higher over the next decade. It may slow down for a while because it’s run up so dramatically here in the last few weeks. But gold’s going to be much higher,” Rogers said recently

“Adjusted for inflation it should be well over $2,000 now. When I say something like it’s going to 2,000 in 10 years it’s not a very dramatic statement given the state of the world. I’m sure it’s a given,” he added.