Jim Rogers Says Gold Not In Bubble, But Prefers Silver

He was one CNBC recently, and this report shows he considers gold at least a hold right now:

He is holding gold right now and despite the recent spike in the metal's price, said he things the market is not experiencing a bubble.

"I wouldn't think of selling," Rogers said. "If gold goes to $1,000 (per ounce) -- or pick a number -- I hope that I'm smart enough to buy more."

With central banks now buying gold and many people worried about paper money, gold will be a great investment over the next decade and relatively few people are invested in it, he said.

However, Rogers currently prefers silver because it's been beaten down more relative to its all-time high.


Update: The Jim Rogers Blog has an important transcribed snippet from that same interview, in which Rogers says that a drop in gold to $1000 would make for a buying opportunity.