Jim Rogers : Don't sell your silver CNBC 31 March 2011

[moomman89]

Buy buy buy buy buy buy buy silver

[SnowmanR72]

HE WAS RIGHT.... 27 Jan 2012 Gold is @ 1731 and Silver 33.72..

[Lethn]

Why is it when this guy says something CNBC politely listens but when Peter Schiff comes on and says the exact same thing they all laughed at him?

[gijs370]

@Lethn It's the age difference, when Peter Schiff elevates himself to status of a happy "i really don't care because i made my fortune already" grandpa then people will take him seriously.

[mezonesxbox]

I've heard that once the 9day moving average and the 50 day average cross its a buy signal. I'd let it go up a little and catch it on the uptick. Still many are talking about "the dead cat bounce" etc. I think its found a bottom.

I guess its all about timing and how much u want to invest. If its a big amount maybe go all technical. Me im not worried, and if for some freak reason its knocked down lower than 26 i'll be selling everything under the sun to load up on physical.

[mezonesxbox]

UPDATE People. hopefully you'll really load the boat up. The CME raised margins for gold and silver on friday. Monday we should see light additional sell of and some buying by the banks to cover their shorts. The bankers are short millions of ounces and need to cover them before silver rises again as a store of value along with gold for the coming years. If they don't cover now, they will be crushed.

[500377770]

@mezonesxbox Im an amateur in this but can you explain why physical coins as opposed to junk silver, silver rounds or silver bullion bars?

[mezonesxbox]

@500377770 the best silver government issued coin i can recommend is the Silver Eagle. Even with the latest paper criminal drive by shooting by the banks to cover their shorts with cheap silver; the Silver eagle has held up very nicely in prices. Ive seen many recently still over 4-6 dollars over spot and have appreciated even more according to dates. Other coins are nice, but they are 925 silver 92% so there is a minor difference in melt value etc. Other than eagles i love bullion .999 :D

[500377770]

@mezonesxbox Thanks for reply back so soon. And when would you advise me to look into silver purchases? Shall I wait a bit or should I purchase some now? Do you think its going to go down? And how much per ounce do you see silver in the next few years?

[SnowmanR72]

@mezonesxbox umm Canadian Maple is .9999.. more value in that Australian coins hold just as good as the Canadian.. following the american

[OtagoMark]

@SavingPrivateRyan98 I bought 40 ounces off someone a few months ago, he was lecturing ME about silver while selling silver to me?! lol bet he thought it was going to drop down and he'd buy back in....people make the mistake of thinking silver is just like any other garden variety stock

[WowzaGuy]

If there were an actual total economic calamity in the US and, hypothetically, silver became a currency of trade, wouldn't you rather own a business than the silver? Regardless of the currency used, a business producing returns on real assets by selling goods in demand, say like Walmart, would be a superb business. Guess what: shares of Walmart -- those would trade like currency too. The world would be weird, but not over. In USD they'd be cheap, but in assets shares would make you rich.

[WowzaGuy]

Weird, he often goes on and points out that speculators don't cause increases in commodity prices (for every seller there's a buyer), but he says here that speculation is part of the cause of the increase. He also says supply is tightening... that was true until 2010, when the investment of the past several years in silver production and scrap silver recycling caught up. Now it seems that supply outpaces demand, unless a bubble drives demand. Don't know....

[AtopaMesa]

I don't know much about money, but I heard about some law where gold sellers will have to get the SS#s of all their customers and report it to the IRS. Anyway, when I think back to the history books i remember the 1933 gold for bucks mandate imposed by the Federal government. Maybe it's better to buy land and farmland like Rogers has advised. The human population unfortunately hasn't peaked so i agree that commodities are the safest investment especially if you're gonna stay in America.

[jeta45]

When was date this interview aired? Anyone know? I see the upload date, but not the air date.

[cetnik03]

yeaaaaaaaaaaaaa,.........IM NOT SELLING MY SILVER!!! IMA KEEP BUYING, glad i started buying @ 16oz.! i got over 250oz not a lot, but more than any of my peers who are 25 26 years old.

[onghui1979]

I have 5000 oz ready

[dishwasherman83]

Fiat currency is trash. Buy silver crash JP Morgan!

[joeatch2]

@silvercelli What the hell are you talking about? Put the beer down and get sober.

[freeSCALPINGindicato]

brilliant vid! ★★★★ Happy trading everyone1 I do forex scalping...

[krashteste]

How do I physically buy gold or silver? I'm only aware of etfs that track the metals.

[addbball]

@krashteste Check out the price comparison site called goldsharkdotcom. It will connect you with a site with a good price for what you are looking for. Sites include APMEX, bulliondirect and Gainsville coins.

I feel it is far easier shopping online than looking for a dealer at a coin shop or swap meet.

[ohio1998]

Fuck you Jim. You know it's a fucking bubble. 

[joeatch2]

@ohio1998 No way. These commodities will continue to go up through at least 2015.  But i suspect there will be some down months only then to be offset by huge gains. commodity bull markets run for 15 year cycles. And if the US follows japan in to a slow 20 year spiral its your only safe haven. This is the 70's all over again if not worse!

[999silverrush]

@joeatch2 Except this time we have too much debt to raise the interest rates which is the answer to the problem. Since they can't do that it will just be a continuing debasement. You will see Gold at $4800 $320 Silver in 6-8 years, at least the actual metal. There is already a silver shortage.

[world2explode2moro]

@ohio1998 we only disagree on a few things my friend. i think you were a little premature selling your silver. i'm selling mine before QE2 ends whereas you jumped out as it was just entering the last run. $500 silver ohio!!!! lol ;-)

[dskillz1]

The people at JP Morgue sure didn't like those 56 seconds.....

[ohio1998]

@dskillz1 , they did really care because they were busy making billions in banking.

[EriPages]

@cheneygottagun

Grow up.

[Snacks4Scooby]

You people are so lost. Your going to keep playing their game aren't you? If everyone in the US alone just decided to stop paying their bills, this all would go away in the snap of a finger. But no," I like my Sheeple life with my Ipad and smart phone. I cant live without them!" EXACTLY!! Pawn to A5, CHECKMATE!

[Snacks4Scooby]

Yeah ok, let me go to walmart and pick up some silver!

[gasdorf]

probelly some sheeple spacing out ...not taking in what he he just said ...silver is stonger than the dollar in a inflation times

[RealTrueTarget]

Silver and Gold wont save you. They may give you a feeling of safety.

[JohnLeeMD]

@RealTrueTarget Would you be kind enough to offer an alternative then? If people have cash, what alternative? I hope you're not suggesting holing up with ammo and guns... and I certainly hope you're not suggesting hanging on to paper currency. Please tell us all what you believe people should do with the dollars.

[RealTrueTarget]

@JohnLeeMD I'm just saying that once the world as we know it collapses no money, no gold, no freeze dried food nothing like it will save you for years on end. Guns wont help you either, they may only lead you to commit crimes once it all collapses.

[JohnLeeMD]

@RealTrueTarget So what are you saying, we should kill ourselves? There will always be a need for "money". If you are one of those who predicts 2012 as the end of the world, or you think hyperinflation (as they had in Germany or Zimbabwe) is coming, then let's just end the conversation right here. Because I WOULD like realistic discussion on this matter, and I don't think the above is realistic. If you don't think: money, protection, food matter... what else is there... shelter? I don't get it.

[RealTrueTarget]

@JohnLeeMD Prayer. But you wont believe in that or get that either, I could bet.

[JohnLeeMD]

@RealTrueTarget Dude, prayer is not gonna help your $10,000 cash. I'm asking what, if not silver or gold or something, could you put your $10k and feel secure. I would think silver and gold would be good choices, even now.

[RealTrueTarget]

@JohnLeeMD Well, feel free to invest your cash into whatever you think would get you through the crisis once it really breaks out. Chances are you'll just get killed for it because people will be very needy and greedy.

[GryphonsClaw]

@JohnLeeMD - copper jacketed lead could help protect your silver :)

[Riddlerx333x]

Ben Bernanke disliked this video

[EMPIRE0FLIES]

Silver isnt climbing. The dollar is turning into toilet paper.

[donniebrasco24]

@EMPIRE0FLIES silver is climbing too dude

[BarryGoldwater1]

Go Jimmy, Go !!!!

[CliveSinclairZX]

haha love jimmy

[rockinewok]

Silver is getting kind of expensive for me to buy now. I got in on it when it was between 17-28 dollars an ounce and now it's getting out of my price range where I can't actually afford to buy it. I think it might be a good idea to get into other commodities that are still relatively cheap right now. If you can afford to buy silver you should still be buying.

[notpcone]

@rockinewok AMMO is still cheap!! =-}

[RSX3883]

Just one min for Jim R....?!

[kevreilly7]

+3$ premium for physical silver!!!!!!!!!!

[richsuchy]

@kevreilly7 you can get it at lower premiums than that, depending on what you buy. Nothing wrong with 999 rounds. I saw junk bags at UNDER SPOT per Silver OZ at APMEX.

[gsmmadness]

"Don't sell your silver".. I'm Not !!! :D

[vambo13257]

Haha, he is so dismissive of this whole discussion because he is probably so tired of trying to educate these people.

[kylextown24]

Friends don't let friends buy silver (or any precious metal) at retail! That's my motto! If you're interested in buying silver at wholesale price, send me a message. No minimums or maximums!

[jezza1789]

@Notizbloc Lol me too

[pretorious700]

"What could be driving these two metals up?" lol, I guess these MSM dolts have to play that game-they certainly can't let on what's really happening.

[RonPaulFriends]

The C4Liberty‬‏ youtube channel has all three parts

[Notizbloc]

I wish i could be one of Jim´s Investor Homies :)

[qminusis]

Hey Jim, dont mess with Dave Morga :-). He's telling the world that there is no shortage of silver LOL

And yes hell I'll sit on my silver ...

[93msinclair]

@qminusis That's right. The market is really, really "tight" ... but there's no shortage! In other words, give me your silver.

[daviddalbylive]

Gold and Silver are real money ... paper money is just promises to pay nothing ... a dollar is actually worth about 4 cents and will eventually return to its intrinsic value and the Banksters know it. Its a CON GAME ... Banksters saying there is no Inflation and giggling back at the fed, thinking what a bunch of SUCKERS ;-) TV watching zombie suckers who cannot think for themselves.

[cramsa]

@daviddalbylive That's why I don't watch TV or own one... 95-99% trash and it's a waste of time. Most of these sheep will think you are a fruit cake if you told em that gold/silver were REAL money (as in CONSTITUTIONAL MONEY) while the fiat federal reserve tokens are worth virtually nothing and are backed by DEPT. We moved from a gold backed currency to a DEPT BACKED currency, and many of the sheep have no idea... even the fools like Hanity on "conservate" radio (more like propagandists)

[IronicallyVague]

Actually Jim we were thinking of selling YOUR silver, not ours..

[qminusis]

@IronicallyVague

:-) Yepp, for us to buy ...

[savgal1211]

I LOVE Jim Rogers!!