Jim Rogers has said. Rogers, who co-founded the famed Quantum fund with billionaire George Soros in the 1970s, told MarketWatch in a recent interview that history would suggest that a recession is imminent.
He believes “America’s never gone this long without a recession in its history,” and it’s “overdue” for more economic problems. “I do know there’s going to be a recession again, and I do know it’s going to be extremely bad.”
If the economy turns sour, Rogers believes gold and silver will do well, along with commodities in general. Amid this prediction, Jim Rogers also has an investing advice.
ALSO READ: 'Extremely bad' recession in US soon? A warning from investing guru Jim Rogers
Gold and silver, in particular, have “always been places for people to hide during economic turmoil,” Rogers said. “So I would suspect gold and silver would do well.”
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