Famed investor Jim Rogers recently granted a video interview to a Singapore gold dealer. The video, less than 15 minutes, is worth the time as Rogers is one of the few well-known billionaires who publicly advocates owning gold (although the number is increasing).
Rogers co-founded the Quantum Fund with the equally famous leftist George Soros. Both have been immensely successful in the financial world.
Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of the Austrian School of economics, which is promoted at the Mises Institute in Auburn, AL.
Although the video is short, you can speed through it to get the highlights:
1:38 into the video, Rogers says the world in going to have a serious problem, the worst in his lifetime;
4:25, he says abolish the Fed and gives a short history of central banking in the Unites States;
6:00, he talks about the Fed shrinking its balance sheet, says the Fed will try, but will panic when things get rough;
6:30, he talks gold, everybody should have some gold and silver;
9:15, he says gold is the best insurance in the world;
10:00, “The money is here (Asia). America is the largest debtor nation in the history of the world.”
12:20, “In a real crisis, there will not be a paper price for gold.”
See the video here.