Jim Rogers on chances of $100+ Silver in 2011

[kcrone1]

Slow and Steady, keep consolidating!! That's the KEY!

[smokydave]

tipping point HA!! its funny watching idiots who made predictions 8 months ago, and silver is exactly where it was in April.

[TWSceptic]

@smokydave Idiots? Do you have any idea who you're talking about? Silver will go up and you'll miss it and be poor, idiot.

[hlarsenful]

gold wont do much in the next few weeks probably go down , the depression is here, the 1% can buy all they want for the rest of the 99% where in deep S---,time to be a vegi, wont be able to afford meat sure is good to be healthy can't afford a car but sure can walk and run.

[crumcon]

the moment you could print trillions of paper and outnumbering gold and silver in less than 1 day, you know which one is in a bubble.

[kcrone1]

No one is talking about the Big Chinese Gorilla hand grapping up all the PR they can!!!

[patrick258181]

My reasoning as to why silver and gold are not a bubble. Every one financed houses and .com businesses then went bankrupt, default or whatever. Most of them were in peoples possessions by means of borrowed money. No one finances gold or silver it's bought outright so no matter what happens people will only give them up when they're good and ready.

[ArgentPure]

@patrick258181 Great comment!

[quadcatfly]

silver is gonna pop like a hot air balloon. back to 5 bucks.

[preparadox]

@quadcatfly if it does, sell me yours yeah? lol

[intuitiveworker]

@quadcatfly the dollar has been popping like a hot air ballon.

[Nathan21122012]

@quadcatfly I hope so (:

[PropertiesGroup]

Land is better than Gold ! Precious metals like gold and silver are manipulated by the global bankers. Gold and silver have the potential to make huge drop in price while land prices in Florida have already bottomed. Now is the time to buy land. You can buy a quarter acre foreclosure in Florida for about 2 ounces of gold. Check the website FloridaLotsUSA and diversify your holdings. Invest for the future at today's great prices.

[bigboss686]

@PropertiesGroup Wrong

[clearsunnysky]

I've heard and read some comments about physical silver prices possibly deviating (higher) from ETF pricing for SLV/AGQ in the future. Does anyone have any idea why that may be? AGQ has so far followed SLV and SLV has followed physical silver very closely.

[TheJewRegulator]

Silver and Gold are effective Jewicides; kills parasites dead!

[hmj8786]

@TheJewRegulator hahaha oh man i love your name nd ur comment rofl!!!

[Hittoyeh]

Of coz silver and Gold will be the buble when everyone said we should buy Silver and Gold.....Because the real hand behind was those great investor who claims that Silver and Gold will rise to another higher level price, when u buy now, they sell~!!!

[jezza1789]

silver had a gue correction of about 5 dollars s no bubble

[TheOnionRoute]

♥ Liberty ☼ Libertad ♫ Freiheit

[1221SteveS]

@bigdad06

You obviously did zero research into Roger's relationship with Soros. Well done.

[katchum]

It's very easy, when interest rates on 10 yr US treasuries go to 10-15%, then I would start to worry about a bubble in gold.

[karkelkhan]

The price of silver is reflecting the anticipation of currency meltdowns.

[kastism]

I have been a silver bull a lot longer than most of the people posting here, I assure you. Anyone else here pick up physical when it was under $5? All you guys defensively saying silver is not in a bubble is all I need to hear to know that if silver is not in a bubble, then at the very least there is a very serious correction just around the corner.

[MrPointspread]

@kastism I 100% agree with you,The Correction will come but it wont have much effect on the "physical" market" like it will with the ETF's GLD and SLV. Remember back in 2008 when SLV Crashed from its $22 high to under $10 well that didnt effect the "physical market" as bad as it did the "paper markets" Even after the 2008 correction you couldnt find many dealers/people selling the physical bullion coins like ASE or Maples for under $15. Infact Supply was so tight the prems went up on .999 ASE

[cnxtrans]

Seriously the chart of silver looks like a bubble even if it may only be the early stages.

The Nasdaq was also a bubble end of 1998, but it only popped in 2000.

[silverprime]

@assilvertried7x Why is that??

[silvernail6]

For years it (silver) has been manipulated: kept lower through shorting, etc....so when there is less silver then gold, and silver is used in a expanding industrial base be it medical, solar, electronics or other endeavors it stands to reason that $100 dollar silver makes sense and that's not bubble territory that's fair value

[bigdad06]

Silver is not in a bubble so don't sell when it goes over a $100. Jim Rogers is bought and paid for. An investment can go parabolic several times if the fundamentals have changed and they have changed dramatically in silver in the past 40 years.

[JohnLeeMD]

@bigdad06 "Bought and paid for", by whom? The man is his own man. Just because you don't share an opinion that he has, doesn't make him in cahoots to mislead the public.

[bigdad06]

@JohnLeeMD Well read his book "Hot Commodities" and judge for yourself. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI). Anyone who is in bed with George Soros raises a fed flag for me. Even Jim Rogers knows that when fundamentals in a market change, then parabolic moves don't necessarily result in collapse. He is putting out dis information.

[MrPointspread]

@JohnLeeMD Hey mate I dont think bigdad06 is saying he is 100% "puppet" of Soros but you can't look past the fact that Soros and him have pretty close relationship. What Jimmy says in the vid has very good logic to it but the problem is that he shouldnt be looking at PM's in the terms he is describing as its the US Dollar index that is "over valued" even at todays lows of 74-76 cents compared to a basket of currencies. No doubt the usd will have another "dead cat bounce" rally but that wont last

[JohnLeeMD]

@MrPointspread He says Rogers is "bought and paid for". That pretty much means puppet to me.

As for his relationship with Soros, I do know that he HAD an association with him, way back when they were young upstarts. All I'm going by is his current comments. People are so vested, NOT in their finances, but just in their opinions. It's like, if someone isn't RABIDLY pro-precious metals, he is Skull & Bones or something. He is a practical investor; he's not into wild speculations.

[MrPointspread]

@JohnLeeMD Yeah I Agree!!! Alot of people attack people just based on there own "worldview" not being supported 100% and I also think thats not right.

Anyway Jimmy is a wise lad and it wouldn't be very smart not to pay attention to what he says whether you agree with him or not on what his 2 cents is on the subject of commodities.

Cheers Mate!!!

[frankdusome]

Even Jim Rogers knows that real money is never in a bubble. I say compared to what? Compared to paper. Owning silver is about wealth preservation not dollar appreciation unless you plan to trade it someday for some other tangible thing like a home. Jim owns too many dollars based investments and he's shaking because he knows his portfolio will crash with the dollar. 1980 was a whole different ball game then now. Jim, buy more gold and silver, rest easy and wait for the dollar to do its thing.

[acuriousbeast]

Silver is not in a bubble, it does not fit the criteria used to determine bubbles. Gold is though it won't pop for a while. There's a lot more gold than folks think. It's not as rare as it used to be.

[mrzack888]

fuk jim rogers. silver is NEVA gunna go down. Silver ftw!!!

[marcusbrooks1776]

Silver has been artificially kept low for too long, even if silver shoots above $100 per Oz, people will still stick with this metal because, Gold and Silver are Honest Money.

[VivaMydick]

silver will break $100 before 2013 Dollar will not go lower than Index 70 till 2016-2018 , then it is all the way down by 2025 dollar will be absolute garbage

[TheTrueJBV3737]

Where already in a silver bubble, been in one since the 70s, and its poping or deflating, but there will be a pop.

I'm talking about the Reverse Silver bubble. If anyone has done their research they will agree + the dollar's collapse is inevitable.

[AgdrAgon999]

@assilvertried7x - it's all good. I respect Mr. Rogers and I value his opinion but as with everything, it's always best for one to do their own due diligence :)

[TheBigBigSean]

Keep your eye on it. There will be a big correction when it hits the $50 mark.

[SilverRose09]

But Jim, What do you in correction, if correction will be for silve to be 100 for the regular ratio with gold. I think silver has been supressed.

[goldspring187]

Jim Rogers should know that silver is going extinct.. so how could it Possibly be in a bubble?

[anunnaki2006]

@goldspring187 You're correct by 2019 Silver will be very rare if current mining is anything to go by then you'll be looking at astronomical levels of many thousands of dollars. Remember Palladium hit $10,000 an oz when that went through a rarity period. Silver is needed more than ever in industry but more importantly the new technologys and energy industry coming forth like Solar. Study Desertec and what they have planned for the Sahara when Gaddafi is bugged off thanks to KING JUAN CARLOS.

[bweazel]

100.00 silver? Not a chance in hell.

[SilverRose09]

@bweazel Just wait, for sure it will go 100. Just think....Asia is getting rich and they like metals. They will buy and buy and get richer and richer, while the westerns are getting poorer and poorer....

[flagshipaudio]

@bweazel

Dude why not on ebay its selling for over $53/oz

[MrVocalBaby]

' all bubbles have poped'. Yes true, however, this is not a buble, even with silver at 250$. What is the alternative to the dollar? Gold and Silver, there is nothing else. It's the dollar bubble that is poping, not silver exploding.

There is less than one once of silver per chinese, and much less silver than gold. Silver can only go to the moon...

[MrKozee]

@MrVocalBaby Less silver than gold ?

Could you please elaborate, I'm interested.

[EconomieNet]

@MrKozee now you have something like 1 billion onces of silver and 8 of gold.

[masterchrisd]

@MrKozee 90% of all gold ever mined can be retreived (gold bars, jewelery etc.,), but 90% of all the silver ever mined has been used, in small amounts, and then thrown into landfill. There is much less silver above ground than there is gold. When silver runs low, through increased demand, supply cannot be increased quick enough. Google 'Jason Hommell Don't Tread On Me'.

[smokydave]

@MrVocalBaby commodities crash all the time man, in fact, silver was up at 48 and what happened? it dropped down to 32 overnight.

[szol2005]

Up, Up and away.....!

[truefictions]

It's stupid to have it in NY.. I would want it in the State.

If there is a dollar collapse, the country my follow..

[adampeart1]

Yeeehaww!! On one hand you've got Max Keiser pushing the idea that the dollar will die yesterday, then you've got billionaire Jim Rogers intimating that there's still a lot of looting to be had through the vehicle of the dollar....hmmm, who to trust, who to trust? Guess I'll have to trust myself. It WOULD be pure genius to create an algorithmic schism that defies the parabolic. Biggest cash in of all time...like betting the sun won't rise tomorrow, if you're 'god' and can control that shit...

[fuckoff187]

whats crazy is silver has had an rsi well above 70 for the past few weeks, it has been creeping in and out of the 80`s for the past 2 weeks. my guess is we will hit $50and have a massive correction...at least I hope so

[z0nt21]

Tsk, tsk, tsk - you don't wear a bow tie in the morning, well, not unless the whole world is burning with the prospects of a hot world-wide war. #LOL

The sky is the limit for PMs, for the United States currency is paper in fact, and in fiction of the minds of men, which is, arguably worse than the physical manifestation through the printing presses of Mr. Bernanke. Trust has been lost and will not return any sooner, than the date of the reset.

Default, or inflation: Make your pick.

[chena3]

long silver...

gonna go get me

a bow tie...

[overlogg]

these moves are a FUNCTION of the US dollar DYING!!

Believe me...Jim Rogers will not be selling lol..

the dollar is dead...FREEGOLD and FREESILVER...

Study up....

[Icriedtoday]

@overlogg Agreed. Silver's price is not because it is suddenly "the" investment of choice. It's because ALL commodities which are measured in USD are skyrocketing while the dollar plummets. At the end Rogers saved himself (IMHO) by saying that you have to look at the US dollar in determining whether there's a bubble.

[nmreich]

If silver collapses in the summer, then what will the premiums be? Were you around in late 2008 - early 2009. NOBODY WAS SELLING SILVER! It was SO HARD to buy. I'll tell you one thing - I ain't gonna be selling silver if we drop to $35, $30, $25.

So WHO are you going to buy from - and what are the PREMIUMS going to be?

FOFOA said that the paper price of gold will collapse - because that is the PAPER price - but NOBODY will sell your their gold or silver (except fools).

[Xianman06]

I'm just a dumb Goy, but at least I won't check out Incogman.net

[lordkoos]

He's saying it's not whether or not it hits $100, it's about how it gets there.... slow and steady with real support, or a bubble that rockets up. I think that silver is in a mini-bubble right now and is due for a serious correction sometime in the next two months. Summer is going to be time to buy the big fucking dip.

[jsmythib]

relating everything to prices in reserve notes is starting to bug me..its like taking a measurement with an elastic tape measure! Buy REAL AMERICAN CURRENCY! ahhh...then inflation is just a word :)

[MattyS54]

good thoughts from JR. even $100 this year isn't necessarily a bubble. all depends on the circumstances that bring it about. we all know about paper silver right :)

[blackswanflea]

100$ silver this year bubble? Wow, what if someone like me was right against someone like Mr Rogers?

[overlogg]

@blackswanflea

He is an optimist..thinking the dollar wont collapse for another 5-10 years lol...

don't worry..you will BOTH be right!

[AgdrAgon999]

The problem for me, though, is that there are between ten and a hundred ounces worth of paper contracts outstanding for EACH underlying ounce of physical silver and the paper contracts are what determines the spot price. lol

Isn't that kind of like how the diamond industry is renowned for it's fixing the diamond market through artificial scarcity? Except in this case it's in reverse?

I often feel as though Jim avoids talking about certain fundamentals of silver for some reason.

[AgdrAgon999]

Jim Rogers is the man.