In August, veteran finance icon Jim Rogers expressed concerns about an imminent US market crash and, according to an interview with The Economic Times, he is hoarding cash in preparation.
“America and the world is long overdue for a problem. The reason I have a lot of cash is because I expect the next sell-off to be the worst in my lifetime, because the debt has gone up very much everywhere.”
So is hoarding cash the answer? In another ET interview, Rogers said “gold in lockers is not wasted…when a crisis hits, you’ll be glad to have gold and silver stashed away. I hope crises never happen, but as an old peasant, I know it’s wise to have some gold and silver ready.” Are you ready? Read more here.
