Jim Rogers on Goldseek radio 20 Mar. 2010
Jim Rogers I do not expect the Euro to be around in 20 years or may be in 16 or may be sooner for what i know , unfortunately the Euro is badly executed and I am afraid it won't survive but having said that I do own it at the moment , said investment guru Jim Rogers , regarding the British sterling jim Rogers said : I do think the sterling has serious problems it is like the US dollar both are terribly flawed currencies , UK has many problems the north sea is dying up from oil the city of London is drying up I do not see what the UK to replace those two huge sources of income it is a huge debtor nation I suspect the sterling in the coming couple of years will have difficult time at best ,
Gold has only to go up with 6 percent 7 percent a year ,as you know gold mining is not expanding at all , if we continue to have continued currency turmoil and worries about paper money then there gonna be more and more demand for gold , I own gold , I plan to buy more , as you know gold recently made new all times high , if gold goes I am smart enough to buy some more gold remember what Marc Twain said was the definition of a gold mine : "it is a hole in the ground with a liar standing at the top " that's part of the problem you have when you buy gold stocks , you have to worry about a lot of other things then just about the gold price ...you need to make sure you have the right gold stock
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver