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Jim Rogers: Forget Deflation – Higher Inflation Ahead
The Fed only knows one thing: print money to enable government deficits
James J Puplava CFP with Jim Rogers
Jim welcomes back legendary investor Jim Rogers this week. Jim sees China as successfully cooling its economy and avoiding a hard landing. Globally, he is concerned about both Europe and the US. He believes there is no true austerity in Europe, as deficits continue to rise. Jim sees the Federal Reserve as enabling government deficits, and continuing to massively print money. While Jim doesn’t see the precious metals markets as manipulated, he believes both gold and silver are headed higher. Jim owns both gold and silver and is not selling. If the price goes lower, he will buy more. His three favorite investments: agriculture, metals, and currencies. Jim is short US bonds and stocks globally. Jim’s latest book, “Street Smarts”, will be available in February 2013.
