Jim Rogers warns of the worst market crash in his life this are the Safe-Haven assets on which he is banking

Moneywise and Yahoo Finance LLC can earn a committee or income via links in the content below.

The stock market shown a robust upward momentum in 2024, with both the S&P 500 and the Nasdaq Composite Post double digits. However, the renowned investor Jim Rogers sounded an alarm.

In an interview with ET now last year, Rogers stated that he is 'extremely worried' about what awaits us. The markets have experienced with the roller coaster, it seems that the insights of Rogers have at least proved partially correct.

“The US has not had any problem since 2008 2009 – that is the longest in American history,” he said. “America, and therefore the world, has long been too late for a problem.”

With such a grim forecast, the re -assessing of assets allocation can be paramount in the spirit of the average investor. For Rogers, this means giving priority to cash.

“I have a lot of money. The reason I have a lot of cash is because I expect that the next sale will be the worst in my life, because the debt has risen so much everywhere,” he said.

The increase in global debt, especially in the US, supports its concerns. According to the latest tax data from the Department of Treasury, the American national debt now amounts to $ 37.43 trillion.

Rogers knows a few things about navigating through turbulent times. He was co-founder of the Kwantumfonds with George Soros in 1973 results in the middle of a devastating Bear market. From the founding to 1980, the portfolio returned 4,200%, while the S&P 500 rose by 47%.

During the interview, Rogers said that, despite the fact that he has held a considerable amount, he was in no hurry to bring it to work.

“I don't spend my money yet. I would like to have more money because, to repeat, when the next market deposit comes, it becomes the worst in my life,” he emphasized.

Rogers is not the only respected investor who keeps cash at hand.

Berkshire Hathaway from Warren Buffett also has an important cash reserve. According to the last quarterly report from Berkshire, the cash and kasequivalents of the company reached $ 224.2 billion, from 30 June 2024 – an increase of $ 121.8 billion in 2023.

Cash is king, but Cash loses his purchasing power over time. Buffet said: “Nowadays, people who have been resolved in themselves. They don't have to solve that. They have not had to. They have opted for a terribly long -termactive, one that will pay virtually nothing and will certainly write off in value.”

It is therefore important that you put your money to work and one of the most efficient ways to do this is through a savings account with a high interest rate.

Financial independence not only means being rich – it means coming at a point where your money works for the life you want to live.

Read more: Rich, young Americans have been thrown away shares – here are the alternative assets on which they are banking instead

Buffett's accumulation of cash does not necessarily mean a bearish prospect. But in the case of Rogers, his strategy is rooted in his concern about the sustainability of the long -term bullmarkt.

“It has been so good everywhere. Always in history, when everyone earns a lot of money, it's a time to worry, so I'm worried,” Rogers explained.

Despite his cautious attitude, Rogers pointed to a few potential opportunities in the market.

“If I were to buy today – and I am not – I would probably buy silver or agriculture,” he revealed.

Precious metals such as gold and silver are often considered hedges against inflation, because they cannot be printed by central banks such as Fiat -Maluta. In 2024, gold received a lot of attention from investors, which brings the price to new highlights.

Silver, although he is also experiencing a meeting this year, remains far below the historic peak. Rogers emphasized this inequality as an important reason for his interest in the metal.

“Silver has fallen 40% or 50% compared to his all time … Gold has all time high,” he said. “Silver is down – it's hard to find things that are down.”

You can take advantage of the long -term market potential of this precious metal by starting a precious metals IRA with the help of Thor Metals.

Enable that investors can include gold or silver in their portfolio, a precious metal IRA can be a safe and stable investment option, improve diversification and protect your present value against economic uncertainties.

Thor Metals offers expert guidance and safe storage of your precious metal assets in collaboration with Top-Tier, deposits approved by IRS.

Moreover, their investment guides help you to better understand the market and make good decisions about your investments. Buy your free guide today to find out if a precious metals IRA is the right investment option for you.

Rogers notes: “I have been optimistic about agriculture because agriculture is depressed.”

Although agriculture does not often get the headlines in financial media, it plays a crucial role in the global economy. After all, food is a necessity and investing in agriculture can be a way to take advantage of a sector that remains essential in economic cycles.

Investing in agricultural land has yielded attractive historical returns. According to the Journal Record, the NCREIF Total Return Farmland Index has performed better in the last 20 years than shares, bonds, real estate and gold.

Various remarkable billionaires and high network-worthy gift funds have diversified some of their investments in agricultural land. The billionaire media -Mogul Ted Turner owns 2 million hectares, Microsoft founder Bill Gates has around 270,000 hectares.

You don't have to be a millionaire or buy an entire farm to take advantage of this opportunity. Farmtogether, an all-in-one investment platform with which qualified investors can buy interests in American agricultural land, extends attractive property and then works together with experienced local agricultural land operators to manage the country.

With a minimal initial investment of $ 15,000, Farmtogether offers accredited investors the opportunity to invest in valuable arable land and produces potential returns in two ways for investors: income generated by rent payments through lease agreements and valuation that the final sale of real estate.

Stay informed. Become a member of 200,000+ readers and get the best of Moneywise to your inbox every week. Subscribe now.

This article only offers information and may not be conceived as advice. It is provided without any form of warranty.