Demand for gold and silver coins is raging, and given the weak outlook for paper currencies, investors should hold on to these coins, says star investor Jim Rogers, chairman of Rogers Holdings.
Gold coin sales hit a 19-month high last month, while silver eagle sales climbed to a record peak.
“You can’t get [silver coins]. They sell out,” Rogers tells Yahoo. “Several mints have run out of coins, … because everybody’s worried about the future of the world.”
Spot gold stood at $1,671.80 late Tuesday, down 13 percent from the record high of $1,921.15, set in September 2011.
Rogers says he “wouldn’t rush in right now” to buy more coins, but would consider purchasing gold if prices fall further.
Read More at moneynews.com . By Dan Weil.