by Mark O’Byrne, Gold Core:
I want to own more gold and silver
In a wide ranging interview with MacroVoices’ Erik Townsend, legendary investor Jim Rogers, co-founder of Quantum Fund with fellow investor George Soros, has said that he wants to own more gold and silver and will continue to accumulate on any price dips.
Set against a background of thoughts regarding the both the political and economic outlook, Rogers echoes the growing theme we have been touching on in recent months – heightened and arguably unprecedented uncertainty.
Basing much of his analysis and thoughts on history, Rogers reminds us that it does repeat itself and we’re not to assume that the ways of modern life mean that things will turn out differently.
Mixed feelings on Trump
When it comes to what President Trump will mean for markets, Jim Rogers believe that if the new Commander In Chief says all the things that he will do then it will stand for some overwhelmingly poor results on an international scale.
Whilst Rogers believes that Trump’s promises to cut taxes, improve infrastructure and bring back $3 trillion worth of US company assets from overseas will be ‘wonderful, wonderful things.’ Yet, he seems more concerned about the idea of trade wars that a few in Trump’s ear seemed to have a thing for.