Friday, December 16, 2011

Jim Rogers: 'Buying US Bonds At this Stage is A Terrible Mistake'

Jim Rogers has some advice for those fleeing the Euro for the perceived safety of T-bonds:
"Buying U.S. government bonds at this stage is a terrible mistake; it is one of the few bubbles left in the world.”
And also for those considering gold and silver:
If the world economy gets better, you are going to make money in commodities because that's where the shortages are. If the economy doesn't get better, they are going to print money.
Rogers also told FoxBiz what Jim Willie has been screaming to everyone that will listen- that the Fed is already engaging in QE3, they're just lying to the public about it.