Jim Rogers on $50,000 Gold & When I'm Selling

Our own Claudia Merkert interviewed Jim Rogers last week, and interesting watch.

He is not selling. The PMs are for gis kids. He is loaded.

Either could be true.

Either he bought PMs looking to convert into his beloved fiat-dollars; or he recognized fiat for the non-scarce trash it is.

Saying gold is gonna go to $50k is the wrong way to look at it. I can guaran-damn-tee ya, when it does, it will still buy, when converted, what it buys now.

What it will mean is, $40/gallon gas, $20k/month rent. Which will mean absolute devastation of the employed classes.

Which THERE, will be a reason NOT to be into fiat. NO MATTER the price paid.