Veteran investor and global markets commentator Jim Rogers has once again made headlines for his investment strategy, this time focusing his attention on silver. While gold has traditionally enjoyed the spotlight as a safe-haven asset, Rogers believes the current price levels of gold make silver a more sensible investment. Speaking to Economic Times, he stated that he had recently purchased more silver and would continue to do so if the price remains attractive. His approach underscores a larger shift in sentiment among seasoned investors who see silver as both undervalued and versatile.
Rogers emphasized that although he owns gold and considers it a valuable part of his investment portfolio, he is not currently purchasing more of it. According to him, gold prices are relatively high at the moment, making silver the more appealing buy. He further noted that both metals will continue to hold a place in his estate planning and hopes that his children will inherit them. His decision reflects a broader philosophy that views precious metals not just as investment tools, but also as long-term stores of value that can be passed down through generations.
Silver has historically played the role of the underdog in the precious metals space. However, its lower price point compared to gold and significant industrial utility give it a unique edge. Many investors, including Rogers, view silver as a strong hedge against inflation and global financial uncertainty. Its demand in electronics, solar panels, and electric vehicles adds to its investment appeal, particularly at a time when industrial demand is poised to grow.
In addition to his views on metals, Rogers also shared his thoughts on the Indian economy. He described India as one of the most promising economies in the world, provided it continues with reforms and growth-oriented policies. Praising the country’s ambition and entrepreneurial spirit, he said India is well-positioned to reclaim its role as a key player on the global stage. However, he added that while he is currently not invested in India, he remains open to the idea if market corrections occur.
Rogers also expressed caution regarding the global economy, especially concerning the United States. Despite holding US dollars for now, he warned about the unsustainable levels of American debt, calling the US the largest debtor nation in history. He mentioned that he may exit the dollar when it peaks during a fear-driven rally, although he admitted there are few alternatives that currently rival the dollar in terms of stability and global acceptance.
The timing of Rogers’ comments aligns with silver’s recent rally in global markets. Prices of silver have surged to over 39 dollars per troy ounce, reaching their highest level since 2011. This year alone, silver has gained around 36 percent, outpacing gold’s 31 percent rise. These figures further validate Rogers’ strategic pivot, suggesting that silver is gaining momentum not just as a hedge but also as a potential high-growth asset.
Jim Rogers’ consistent belief in commodities as long-term wealth preservation tools continues to resonate with many investors. His recent focus on silver over gold is not just a tactical move but a signal that undervalued assets can present powerful opportunities when viewed with the right perspective.
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