Jim Rogers, long known as "The Commodities King," tells CNBC gold could cross $2,000 an ounce in the next five to 10 years.
Rogers is bullish on precious metal such as gold, silver; agriculture commodities such as sugar, rice. He is bearish on US dollar, US treasury.
He thinks the US Fed and Treasury are dead wrong on how to fix the economy. Instead of bailing out the companies, we should let the system clean itself, meaning, allow the companies to bankrupt and start over.
Rogers is bullish on precious metal such as gold, silver; agriculture commodities such as sugar, rice. He is bearish on US dollar, US treasury.
He thinks the US Fed and Treasury are dead wrong on how to fix the economy. Instead of bailing out the companies, we should let the system clean itself, meaning, allow the companies to bankrupt and start over.
