Gold and Silver: Jim Rogers Wins Over Peter Schiff

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Long-term investors and analysts alike are siding with precious metals, virtually exclaiming that a surge in precious metal prices is in the future. These investors are finding that today’s high inflation, excessive government bailouts, and incredibly low interest rates are a perfect mix for higher silver prices.

Leading Voices

Two notable names have been driving home the necessity of ownership of gold and silver for ages. The first is famed investor Jim Rogers, who has indicated that he expects a full 20 year bull market in the price of precious metals and commodities as a whole.

On the other side of the spectrum, Peter Schiff, the President of EuroPacific, has advocated physical ownership of gold and silver to protect against inflation and government spending.

Fact Checking

Peter Schiff’s criticism that gold and silver will continue to rise as government inflates currency is accurate, while Jim Roger’s call for a 20 year bull run in gold seems lofty at first glance.

However, after analyzing the price of gold and other commodities, Jim Roger’s investment ideology does carry weight. Unlike Schiff, Roger’s viewpoint of gold as an investment comes from its rarity and its necessity as an industrial metal, rather than its utility as an investment hedge.

Shortages of commodities are already appearing with a variety of commodities. Oil, gold and silver production has peaked, while usage continues to grow. In fact, iron ore is becoming more difficult and expensive to mine, and the growth of the emerging markets is bringing more than 2 billion people into the “consumer class,” further fueling future demand.

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Jim Rogers has taught finance at Columbia University’s business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.

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