Jim Rogers on Oil, Gold and the Biggest US Bubble
Debate on the scope and risks of the US health care plan still rages even as Pres. Obama unveiled a $14 billion plan to help homeowners. And the impact of a Greek bailout on the Eurozone economies is still a question.
Jim Rogers, chairman of Rogers Holdings, offered CNBC more insights into American and global markets.
"All governments around the world are debasing their currencies," he declared.
"There may come a time when we all have to have all of our money in real assets."
"I certainly own gold," he said. But he pointed out the precious metal's "extremely strong" moves since 2009: "Anything that goes up that far that fast should consolidate and rest."
Posted on March 29, 2010
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