Market Watch: Investing Legend Jim Rogers Expects an 'Extremely Bad' Recession. Why He's Buying Silver Instead of Gold
Article by Myra P. Saefong in Market Watch
The U.S. economy is getting closer to suffering an “extremely bad” recession — one that’ll lead investors to seek out precious metals, Jim Rogers told MarketWatch during a Zoom interview this week. But the veteran investor said he’s more likely to buy silver than gold as a way to “hide” from the economic turmoil.
History would indicate we’re getting closer to a recession, “but I don’t know when,” said Rogers, chairman of Beeland Interests Inc., who co-founded the legendary Quantum Fund with billionaire George Soros in the 1970s. “I do know there’s going to be a recession again, and I do know it’s going to be extremely bad.”
He believes “America’s never gone this long without a recession in its history,” and it’s “overdue” for more economic problems .
The longest period without a recession ......