Would choose gold and silver over equities in most countries: Jim Rogers

Gold and silver prices have increased sharply in 2025. Trust in paper money has weakened in many countries and people are turning to copper, gold and silver for “long-term insurance”, Jim Rogers, chairman of Rogers Holdings, told Puneet Wadhwa in a telephonic interview. The trend is historical and will continue, he said. Edited excerpts:

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What’s your view on gold and silver? Do you own them and what's your strategy?

Yes, I own both gold and silver. At current levels, I wouldn’t be buying more, but if prices go down I'll definitely add to my holdings. I’m not selling them either. For me, gold and silver are long-term insurance.

Do you expect prices to head higher?

Absolutely. Over the next couple of years, I think they'll go much higher. ‘The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself. That’s been true for hundreds of years and will remain true now. Whether people are right or wrong about the reasons doesn’t matter — that’s what they believe; that’s where they put their money, and I do the same.

Could gold and silver prices double in two or three years?

I don’t know and it is difficult to predict. What I do know is I want my children to inherit my gold and silver someday, not sell it all in the near term.

In terms of returns, do you think gold and silver could outperform equities in the next couple of years?