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Jim Rogers: India Deal Sparks Growth, Gold & Silver Long-Term Play
3 Feb
Summary
- Investor Jim Rogers praises India-US trade deal for boosting growth.
- Rogers believes gold and silver have long-term potential due to debt.
- He sees dramatic positive policy changes and growth in India.
Investor Jim Rogers has lauded the recent India-US trade deal, noting significant positive policy shifts that enhance India's growth potential. He described India's policy changes as "dramatic" and expressed unprecedented enthusiasm for the country, suggesting that its politicians now understand how to foster growth.
Rogers indicated he is actively seeking buying opportunities in Indian equities, despite recent all-time highs, stating a preference for purchasing assets when they are depressed. He believes that current market conditions in India are not yet at that point.
Beyond equities, Rogers foresees substantial long-term gains for gold and silver. He is not currently buying these metals due to their recent upward trend but is holding onto his existing investments. Rogers anticipates rising global debt and extensive money printing will create significant long-term demand for gold and silver over the next two decades.
