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Legendary commodities trader Jim Rogers has given us yet another reason for investing in gold coins this week as he predicted “100 per cent chance of another 2008 crash.”

November 21, 2011 – Legendary commodities trader Jim Rogers has given us yet another reason for investing in gold coins this week as he predicted “100 per cent chance of another 2008 crash.” Rogers has long been a critic of the bailout strategies that began in 2008. “Every four to six years throughout history, we have had an economic slowdown in the United States,” Rogers said, pointing out that now the levels of debt greatly surpass what we saw in 2008.

Rogers went to Wall Street in the sixties after studying at Yale and Oxford and co- founded the Quantum Fund with George Soros. He knows the Street. Rogers has the reputation of a rebel, however, for moves against the trend like selling his New York City mansion and moving to Singapore in December of 2007. A few years after Rogers makes his move, others tend to follow.

An outspoken proponent of free markets, the financial policies that have taken effect have proven, in Rogers’ view, highly destructive to the markets. “The world has been spending staggering amounts of money it does not have for a few decades now, and it is all coming home to roost,” Rogers said. He sees the United States experiencing further crises with major events in 2012 or 2013.

The concern that debt problems in the United States have been made progressively worse by further and further fiscal intervention does not belong to Mr. Rogers alone. However, due to his unique position on the outskirts of the market and his unique bona fide credentials, investors listen to Mr. Rogers and that gives weight to his prediction.

In such a market, the value of gold is brought into the spotlight as an inherent store of wealth and a commodity of real wealth. While the markets continue to overextend themselves and make the eventual problem worse, gold increasingly reigns as the best solution for workers, savers, and investors.

We generally have little influence or effect over the policy of politicians and bankers but we do have power over our own funds, no matter the size. Choosing to use our own money in a fashion that is responsible, given the behavior of the bureaucrats, means investing in tangibles with an inherent value. Gold is the embodiment of this description. Gold coin investing, which Mr. Rogers continues to do, will prove to be particularly wise in this market.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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