, Jim Rogers Blog: Unlike Fiat Money, Gold is a Permanent Store of Value

Monday, October 16, 2017

Unlike Fiat Money, Gold is a Permanent Store of Value


Jim has been a long-time gold holder. And he believes everyone should hold gold – at least as an insurance policy.

“Everybody should have coins, physical coins, as an insurance policy, as an emergency, if nothing else. You hope you never need them. But you’ve got to start by owning gold coins, coins that are recognized all over the world.”

History has proven time and again that gold is one of the best ways to hedge your portfolio – that is, to protect it when stock markets everywhere fall. And, unlike paper money, gold is a permanent store of value. Gold has withstood history and maintained its inherent value. It’s durable, easy to transport, looks the same everywhere, and it’s easy to weigh and grade. In short, gold is insurance against financial calamity.

But what about investing in gold today? Jim says he’s not selling, but he’s not buying right now either.

“I’ve owned gold for many, many years. I’ve never sold any gold. I haven’t bought any serious gold since 2010. Before this is over, gold is going to turn into perhaps a bubble. It’s certainly going to get very, very, very overpriced. I’m not buying it now. But short of war, I expect another opportunity to buy gold and silver. And if it happens, I hope I’m smart enough to buy a lot.”

When the time comes, Jim believes gold coins are the best way to buy gold. But if you want to make big profits, look at gold futures and miners.

“You should have physical possession of some gold coins. After that, gold futures are the best way if you want to make money and you’re a good trader. Gold futures, that’s where you can get the most leverage, unless you can find the right gold mine. But there are hundreds of gold mines. So if you find the right gold mine, do it. But otherwise, have some gold coins in your closet or in your safety deposit box or both. And then learn about gold futures because that’s the way to make a lot.”

Like Jim, we’re fans of owning physical gold. But if you can stomach the volatility, my preferred way to invest in gold stocks is through a gold-mining ETF like the Sprott Gold Miners Fund.

As I told you earlier, it pays to listen to Jim. So I hope his latest ideas will serve you well.


- Source, Business Insider