Veteran investor and author Jim Rogers has reasserted his confidence in silver, adding that he will continue to hold gold and silver and that it would be part of his “estate for his children”, Economic Times reported. Rogers stated that he purchased more silver just last week and would continue to buy it if the price remains low.
“I bought more silver last week. If silver continues to be cheap, I hope I am smart enough to purchase more,’’ Rogers was quoted by ET as saying. While he owns gold as well, he underlined that gold prices are currently high, making silver a more attractive option to buy.
“I own gold. I am not buying gold. I am buying silver because it is down. Gold is not,’’ he further explained. Rogers highlighted that he considers both metals as legacy assets, mentioning, “I hope that my children have my silver and my gold someday.’’
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This viewpoint is consistent with the broader trend among experienced investors who treat silver as a hedge (a strategy to mitigate investment risks) against inflation and market uncertainty. Case in point, Robert Kiyosaki advocates for investing in gold and silver.
While gold usually gets more attention, silver is comparatively affordable, and its variability makes it a planned action.
Rogers on Indian Economy
Commenting on global markets, Rogers praised India, calling it one of the most promising economies if reforms and growth-based policies continue, per the outlet. “India has it all,’’ he told ET, before adding, “If Delhi has the right attitude, India is going to take its position again as one of the most important countries in the world.’’ He hailed the intelligence, aspiration, and sophistication of Indians, especially after noticing the local markets and entrepreneurs.
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Rogers highlighted that he has exited from all of the markets, excluding China and Uzbekistan, where he has observed relevant changes. He added that he has yet to find a market where he can invest, he told the publication.
“I need to find a country that is depressed for any reason, where there are good things,
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