“Demand for gold and silver coins is raging, and given the weak outlook for paper currencies, investors should hold on to these coins, says star investor Jim Rogers, chairman of Rogers Holdings.
Gold coin sales hit a 19-month high last month, while silver eagle sales climbed to a record peak.
“You can’t get [silver coins]. They sell out,” Rogers tells Yahoo. “Several mints have run out of coins, … because everybody’s worried about the future of the world.”
Spot gold stood at $1,671.80 late Tuesday, down 13 percent from the record high of $1,921.15, set in September 2011.
Rogers says he “wouldn’t rush in right now” to buy more coins, but would consider purchasing gold if prices fall further.
A correction is likely, he maintains. “Gold has been up 12 years in a row, which is extremely unusual for anything,” Rogers points out.
The long term looks bright for precious metals, he says. “There is no paper money in 2014 or 2015 that will be worth much of anything.” …”
If you enjoy the content at iBankCoin, please follow us on Twitter
rogers huh, he follows jake gint on the coins.otherwise he wouldn’t know jack
drummerboy,
rogers is the man. he was buying gold and silver back in 1999.
2-3 years ago he was buying raw land.
he is very smart, but like many investors has a timing issue.
yea cronk i know. i just like to spooge on the old guy every once and a while. i’m still holdin silver after 47 years.you know,when a 50 cent was 50 cent.now,it’s a half oz worth.
wow drummerboy…47 years. way to go!
i have trouble holding onto investments for 5 minutes….lol, but i have gold & silver coins for about 14 years now…oh and i have held a lot of art too for many years.
buy and hold FOREVER
Old man Rockefeller has lost some weight (not in the money bag dept, however).
________