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Jim Rogers: Bailout is a "nail in the coffin" for the euro
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Wednesday, May 12, 2010
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By Daily Crux Editor Justin Brill:

Jim Rogers is speaking out on Europe's trillion dollar bailout today. He says it's a clear sign that the euro is doomed, as higher spending increases Europe's huge debt burden. He says throwing more money at the problem will only make things worse.

“I was stunned,” Rogers said. “This means that they’ve given up on the euro, they don’t particularly care if they have a sound currency, you have all these countries spending money they don’t have and it’s now going to continue.”

Rogers repeated his call to buy gold, agricultural commodities, and especially silver, because prices haven't risen as much as other commodities.

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More from Jim Rogers:

Jim Rogers: Euro headed for extinction

Jim Rogers: The U.S. should be worried about this

Jim Rogers: Now is the time to buy silver and natural gas

Topics: Jim_Rogers | Euro | Cruxallaneous
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