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IPFS News Link • Gold and Silver

Why Jim Rogers Is Hoarding Gold and Silver

 Jim Rogers has never been shy about vocalizing his love of precious metals. Though he has some cautionary sentiment about short-term gold prices given their 12-year bull run, the legendary investor still remains optimistic about the long-term future of both silver and gold. Rogers feels that investors should be loading up on silver and gold coins right now as he notes that they have surged in popularity and that mints have been consistently selling out of silver coins because investors are worried about the future.

Record Purchases

Rogers’ opinions seem to reflect those of the masses, as January saw a record 7.5 million ounces of silver coins sold, according to Money Morning‘s Bern Gersten. Gersten also notes that “150,000 ounces of American Eagle gold coins were sold in January, the highest monthly total since July 2010.” Thus far, silver investors have been rewarded in 2013 as the metal has gained more than 5% YTD while gold has been able to rake in meager gains of 0.1%.