Billionaire
financier Jim Rogers tells CNBC that the Federal Reserve's continuing
decimation of the economy means that it's a dead cert that gold
will continue to surge, irrespective of any possible temporary
recovery.
"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."
Rogers added.
The Commodities King is confident that gold will
gain even more in the immediate future owing to the fact that
in an economic crisis under the Fed "everything is worse
instead of better."
"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 noted.
"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." the legendary investor
added.
Rogers also noted that right now silver may be an even better
investment than gold:
"Look at the things that are cheap. Gold is making all-time
highs, silver is still 60 percent below it's all-time highs,"
he said. "So if I was looking at a precious metal, I would
look at the places that are still cheap."
Watch the video:
Rogers' analysis echoes that of analysts across the board,
and is in many respects very conservative.
The yellow metal surged to another new record high today, rising
as high as $1,333.80 per ounce, following the Japanese central
bank's announcement that it is to cut its official lending rate
for the first time in nearly two years to zero percent.
Japan will also print a further 5 trillion yen, or 60 billion
US dollars, via quantitative easing in a blatant effort to devalue
the currency, prompting fears that the Fed and the Bank of England
will follow suit in an all out "currency
war".
Reports
have also suggested that the Fed, via its subsidiaries
such as JP Morgan, are shorting "paper gold" while
at the same time buying up exclusive rights to producers’
future physical gold production in an effort to keep a precious
metals ponzi-scheme alive.
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——————————————————————
Steve Watson is the London based writer
and editor at Alex Jones' Infowars.net, and regular contributor
to Prisonplanet.com. He has a Masters Degree in International
Relations from the School of Politics at The University of Nottingham
in England.
Billionaire
financier Jim Rogers tells CNBC that the Federal Reserve's continuing
decimation of the economy means that it's a dead cert that gold
will continue to surge, irrespective of any possible temporary
recovery.
