Noted commodities investor Jim Rogers has recently pointed to silver as a metal of choice over gold for the current economic climate. [Rogers: Use Commodity ETFs to Profit from Supply Shortages
- “Governments print money – that’s all they know. So own real assets like silver and rise and you’ll survive,” Rogers said.
- Rogers owns all the metals but said if he had to buy one today, it would be silver.
- “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.”
- He’s bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal.
“Exchange traded products are convenient for commodities. I always buy exchange traded products and it’s terrific,” Rogers said at the June Alts Virtual Summit co-produced by ETFtrends.
Ed Note: Here are 3 Silver ETF’s
“Consider this: Silver is the only major commodity not to have reached a new all-time high in this bull market; silver is still cheaper than it was 32 years ago, prices are astonishingly depressed,” Peter Cooper wrote for Resource Investor. [Silver ETFs Not Shining in 2012]. “Investment demand for precious metals will take over in any case from industrial demand. And once the gold price heads up then silver will follow. You get 50 times more silver for your money than gold,” Cooper also wrote HERE
“Gold investing has long dominated the precious metals space, as investors have used this ultra-popular metal as both a trading/speculative instrument as well as an integral part of a longer term strategy. While silver still has a large presence in the financial world, it is not often that a big name steps into the limelight and touts this white metal over its gold counterpart,” wrote Jared Cummings for Commodity HQ.
The silver market has seen increased interest as the U.S. dollar has weakened. Commodity funds have been seen gains and the silver market has attracted much investor interest.