Gold, a great investment over next decade: Jim Rogers

"According to Jim Rogers, Chairman of Rogers Holdings, US' spend-money-to revive-economy theory has failed. In an exclusive interview with CNBC, Rogers lambasted Federal  Reserve for printing gigantic amounts of money which only contributed to bad debts."

"Further, discussing various asset classes, he said, he was bullish on commodities and real assets. Gold, according to him, would certainly go to couple of thousand dollars an ounce over the next decade, maybe by 2019. "I am sure gold will be a great investment over the next decade," he said, adding that he would surely buy the metal when the prices drop. However, he feels other commodities like silver are better."

see a verbatim transcript of an exclusive interview with Jim Rogers on CNBC-TV18 here:  www.moneycontrol.com/news/fii-view/goldgreat-investment-over-next-decade-jim-rogers_430500.html