Wednesday, November 24, 2021

Jim Rogers: Next bear market will be 'the worst in my lifetime', here are three keys to survive

Famed investor Jim Rogers has seen quite a few bear markets in the last half-century, but he fears the biggest one yet could be right around the corner.

“The next bear market will be the worst in my lifetime,” he predicted in an interview with financial advisory firm Wealthion last month.

To be sure, Rogers has been bearish on the U.S. stock market for years. But the multimillionaire does know a thing or two about making money in turbulent times.

Rogers co-founded the Quantum Fund with George Soros in 1973 — right in the middle of a devastating bear market. From then till 1980, the portfolio returned 4,200 per cent while the S&P 500 rose 47 per cent.

Here are three assets he recommends keeping in your portfolio to ride out a coming crash — even if you’re just sprinkling some of your spare change on them.

Rogers has long been a fan of commodities, and silver is one of his favourites.

“The all-time high for silver is $50 an ounce; now it’s $23. Why can’t silver go back to its all-time high? That’s the way markets usually work,” he says.

Investors love silver because it can be a store of value and a hedge against rising interest rates and inflation.

At the same time, it’s widely used as an industrial metal. For instance, silver is a critical component in solar panels. So with increasing solar adoption, demand for the grey metal could get another boost.

Rising prices benefit miners, so some of the easiest ways to play a looming silver boom are through companies like Wheaton Precious Metals, Pan American Silver and Coeur Mining. You can even build positions using digital nickles and dimes...

- Source, Financial Post, read the full article here