The chairman of Rodgers holdings, Jim Rogers was given a sound warning about the recent central bank bailouts, which will result in the worst economic meltdown in his entire life.
To assist nations build their economies, trillions of fiat are being printed by central banks worldwide. Despite the fact that the S&P 500 hasn’t shown signs of slowing down since it went up 50% on the 23rd of March, the investor thinks the bailout plan is not the long term solution to the situation.
Rodgers admitted that he owns silver, gold and he still has confidence in agriculture. The investor stated he invest his money in tourism, air and land transportation, and other businesses that were affected during the outbreak of Coronavirus.
The investor also says he recently bought a wine company in China and freight business in Russia. Although most of these businesses were affected during the global lockdown and if by chance the bear market strikes again, they won't fall this hard.
Rodgers stated in another interview that he regrets that he didn't invest in BTC at its infancy.
Source: Cointelegraph
