Investors shouldn’t pay “much attention” to what governments are doing, well-known investor Jim Rogers, CEO and Chairman of Rogers Holdings, told CNBC Friday.
“If you listen to governments, then you are not going to make a lot of money. Governments lie, distort and make mistakes,” he said.
Investors should focus on “real assets” like commodities to deal with continuing worries of another downturn, he added.
“My way of playing this is to own real assets like commodities,” he said “You now have the Bank of England, the Bank of Japan, the Federal Reserve printing money. The way to protect yourself at a time like this is to own assets.”
Rogers added that he thinks silver looks more attractive than gold at the moment because of the sustained rise in the gold price.
This story was posted on the cnbc.com website yesterday...and is another contribution from Elliot Simon. The link is here.
