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Silver Bug Profile: Jim Rogers

JP Buntinx
May 20, 2020

Finding people who are bullish on gold is not a difficult task these days. When it comes to silver bugs, that situation is a bit different these days. Jim Rogers – full name James Beeland Rogers Jr. – certainly falls into this category following some recent comments made by him.

Jim Rogers in Business

It is evident that silver bug Jim Rogers has had a very storied career over the past few decades. Not only did he join a Wall Street firm at the age of just 22 – quite a feat in 1964 – he also became part of an investment bank several years later. In between these two stints, Rogers also served in the Vietnam War. 

His career took an interesting turn in 1973 when he founded Quantum Fund with George Soros. The portfolio of this company gained 4,200% in the first few years, further confirming that they were on the right track. To this date, the Quantum Fund is widely considered to be the first global funds. While Rogers left the company in 1980, it still proved to be successful later on.

Following these career paths, Rogers decided to travel the world and experience different cultures. His travels took him throughout the six continents. All of this was done by driving his own motorcycle, and he eventually clocked in over 100.000 miles  traveled. 

After the travels, Rogers founded the Rogers International Commodity Index, which was linked to exchange-traded notes nearly ten years later. This provides investors with a convenient way to invest, while being able to track the total return of the indices. 

Jim Rogers on Finance

Albeit Rogers has always been big on agriculture investments, he has kept close tabs on other industries as well. Particularly the precious metals markets have become of great interest, as there is a lot of money to be earned regardless of the overall circumstances. Not entirely surprising, as Rogers claimed in 2002 how Fed chairman Alan Greenspan had the wrong reaction to the stock market bubble.

Seeing as that situation did not improve, Rogers became one of the first to actively short US financials in 2006. Everyone knows how the financial crisis of 2008 took place, thus that decision to go against the overall market trend appeared to have been the right call. Today, a very similar market collapse looms overhead, which is well worth keeping an eye on. 

Jim Rogers Stockpiles Silver and Gold

A few years later, Rogers told students to not study for a career on Wall Street or London’s financial district. Instead, he felt that the focus would shift to the producers of real goods.

As such, the markets worth keeping an eye on would relate to commodities, natural resources, and raw materials. This includes precious metals such as silver and gold, as those are as “real” as goods will get. 

Just a few weeks ago, Rogers confirmed he would go long on the dollar in the short-term, but stockpile more silver than gold to err on the side of caution.

The dollar is, according to Jim, not a safe-have, and should be traded in for more stable long-term investments such as silver and gold. 

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