Monday, January 12, 2015

Base metals buyer rather than precious metals

I am not buying precious metals at the moment. I’d rather buy base metals, actually, at the moment than precious metals. 

But it’s – if you can find ones[precious metal companies] that have good management with good reserves, good assets, and aren’t over-leveraged, I’m sure there are gonna be great opportunities there. I’m not buying precious metals yet. But, sure, anything like that that’s down 80% – it’s not going to go away. You know there are gonna be great pickings there if you can figure out which ones.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.