Jim Rogers: Put Money in Real Assets

If you follow investor and commodity expert Jim Rogers, you know he has been recommending investors put their capital in real assets for a long time, and in light of the European sovereign debt crisis and China inflation challenge, Rogers again reiterated that in an interview on Bloomberg today.

The primary reason for this advice from Rogers is "because paper money everywhere is being debased.”

Governments and central banks around the world haven't stopped their printing of money, and continue to spend as if there are no consequences to their actions.

Smart investors know the more you print, the less value the currency holds, and inflation will be inevitable down the line. Only holding real assets will help investors maintain their wealth.

Gold Reserve Currency Says Citigroup (NYSE:C) Analyst

Gold as reserve currency

In an extraordinary statement, Citigroup (NYSE:C) analyst Dennis Gartman said the major reason for the unique behavior of gold in regard to its usual inverse relationship with the U.S. dollar has changed, is people are now considering gold to be a real reserve currency, equal to the U.S. dollar.

Of course for some that follow these things closely, they've believed that for years, but to see this in the mainstream media is a major story, to say the least.

So when the U.S. dollar goes up and gold goes up with it, that's a sign that many investors now consider gold as much of a reserve currency as the dollar is. And Gartman added this isn't just a fad, but a "trend [that] shall continue months, if not years, into the future."

Gold as reserve currency