Jim Rogers: Base Metals vs. Precious Metals

ET Now: Base metals have seen a big run-up on the back of strong manufacturing numbers from the US, Europe and now China. Do you see the run-up continuing in some industrial metals?

Jim Rogers: Yes, I would rather buy base metals than precious metals, mainly because metals were beaten down more and we do know that expansion capital spending in the base metals industry has been cut back dramatically. This is because people are worried that not much has happened in precious metals and there are still a lot of precious metals in inventory worldwide. This is not true for base metals.- in ET Now Aug 2014




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Precious Metals: Overdue For A Rally

"There are huge shorts that have developed in precious metals as you know. So, it's overdue for a rally. We had a big drop in 2013. Everybody got negative, everybody got short. So, we are going to have a rally." - in Economic Times

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Not Tempted To Buy Precious Metals Right Now

“There's nothing in precious metals that I'm tempted to buy at the moment.” - in Resource Investor

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Expecting Precious Metals to continue to correct

Jim Rogers : Well, I´m not selling my precious metals, my own precious metals. I´m just expecting them to continue to correct, and if they correct I´m going to buy more. The lower they´ll go the more I buy more and more. But I´m most optimistic about agriculture. Agriculture is extremely depressed on an annual basis. We have shortages of everything developing. Many farmers are very old. The average age of a farmer is 58. In Japan the average age of farmers is 66. In Australia the average age is 58. I mean we´ve had our share of serious, serious problems in agriculture very serious shortages developing. Agriculture is going to be one of the most exciting areas of the world economies in 10, 20, 30 years.

Amongst The Precious Metals: Jim Rogers prefers Silver but is not going to sell his Gold

Jim Rogers: Silver is 70% below its all-time high, 60% or 70% below its all-time high. Gold is making all-time highs.if I were looking at precious metals I would be looking at the ones that haven't moved as much. If one doesn't own gold, and one doesn't want to buy the others for whatever reason, one should start waiting for some sort of correction and then buy some gold. But as I said, the others are much more depressed historically than is gold."
"there is gonna be a huge bubble in precious metals by the end .I don't know when that will be;you know.. ask me in 2018, 2020 ... Most bull markets long term bull markets wind up in a huge mania, a huge bubble before it's over and this one will too. Someday, everybody will own gold. Someday, people will be walking down the streets checking gold prices in shop front windows."

in TheStreet.com