Jim Rogers, the famous contrarian investor, stands behind his prediction that gold prices will hit $2,000 (U.S.), but isn’t buying any more gold at record highs.

Rogers has been a gold bull for years and well before this year’s 25 per cent rally. There are many ways to buy gold like the gold exchange-traded fund, SPDR Gold Shares (GLD-N135.39-0.79-0.58%), up 24 per cent; gold stocks like the Market Vectors Gold Miners (GDX-N61.47-0.66-1.06%), a basket of large-cap miners, up 30 per cent; or physical gold. Rogers favors the physical commodity.