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Recession 2013: Here’s What Jim Rogers is Doing | Resource Investor

Friday, September 21, 2012 2:01

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(Before It's News)

not only is Recession 2013 unavoidable, it’s going to be a doozy.

Recession 2013: Here’s What Jim Rogers is DoingInvesting in Asian Mining Indaba 2012 Online Preview

By Don Miller

September 18, 2012 •

If legendary investor Jim Rogers is right, not only is Recession 2013 unavoidable, it’s going to be a doozy.
In recent interviews, Rogers has been predicting a 2013 recession, bowled over by a potential blowout in Europe and unsustainable spending by the US government.
“Be very worried about 2013 and be very worried about 2014, because that’s when the next slowdown comes,” Rogers told Reuters.
And while Rogers sees no true safe havens out there, a few investments can provide some comfort – specifically, commodities in the form of agriculture, gold, and silver.
Rogers’ statements usually get lots of attention, mainly because he has an uncanny tendency to be right.
Together with George Soros, he founded the Quantum Fund in the 1970s and posted returns of 4,200% over 10 years. Rogers retired in 1980 at the age of 37, but remains active as a private investor.
Back in 1999, Rogers recommended gold when it was trading at $252 and silver at $4.
We all know what happened after that.