Rogers Predicts Recession and AI Bubble: Invest in Gold and Silver
Ace investor Jim Rogers predicts a recession in the US market is imminent and warns of an AI bubble. He attributes the impending downturn to speculative frenzy in the Artificial Intelligence market, drawing parallels with historical bubbles in railroads, automobiles, electricity, and radio.
Rogers has been vocal about his concerns regarding the US debt and inflation, stating that he doesn't own US bonds or accumulate US dollars. Instead, he advises investors to protect themselves by investing in gold and silver, citing their historical importance as stores of value.
When asked about the potential for gold and silver prices to reach $8,000 per ounce and $200 per ounce respectively within two years, Rogers remained non-committal but emphasized that everyone should have some silver and gold as a safeguard against market volatility.