By David Lew
Global commodities investor Jim Rogers is consistently batting for investing in gold over the next one decade. Rogers, who has been piling money into agricultural commodities in China, says he is ready to buy gold as and when prices drop. He says silver is a better buy than gold, and Rogers is buying silver also these days.

”Gold is the best investment these days. Gold is great investment because the metal’s prices will go over $2000 per ounce in the next one decade, may be by 2019. I would surely buy gold when prices drop,” Jim Rogers told CNBC in an interview this weekend.

Rogers has been speaking at several investment summits from New York to Singapore—where he is settled these days—arguing that gold prices are going up thanks to the debilitating value of the US dollar. He has consistently argued that US dollar is collapsing, and the death of US dollar has been thanks to the wrong policies by the Federal Reserve all these years.

Several bullion analysts have been warning over the last two weeks that gold price is in a bubble as the yellow metal crossed to touch a historic high of $1227 early December. But Jim Rogers feels that gold is not a bubble that will burst and therefore he is not selling the yellow metal he owns even though gold prices have shot up by an incredible $540 per ounce in the last one year.

He said he has not thought about selling the gold he has been buying all these years. “I own gold. Though gold prices have come down from a record high in the last one week, gold market is not on a bubble that will burst. I am not at all thinking of selling gold,” Rogers, who is now settled in Singapore and who designed the Rogers International Commodity Index (RICI), said.

He said if gold goes down to $1,000 per ounce in the near future, he will be smart enough to buy more gold.

Saying that commodities are the best investment assets these days, Rogers said: “With central banks now buying gold and many people worried about paper money, gold will be a great investment over the next decade and relatively few people are invested in it.”

At a speech in Prague, Jim Rogers surveyed about 300 people, including big money managers, and 76 percent had never owned gold, he said. "So when you say it's a bubble … nobody owns gold yet," Rogers said.

He said he prefers silver to gold, with silver 70 percent off its all-time high and gold near it's all-time high. “Agriculture indexes are also good to own.” Jim Rogers added.

Rogers who has been a commodities bull has consistently said that the US dollar is collapsing and that is the real reason behind the economic ills that is plaguing several nations and sectors across the world.

Jim Rogers who has been arguing that the US dollar is collapsing is buying dollar these days? Yes, the commodities investment legend told a conference in New York this week that he has been buying dollar for the past two months with the hope to sell them in the near-rebound.

“Yes, I have been buying US dollar in the last two months betting on the dollar’s near-term rebound,” he told the Reuters Investment 2010 Outlook Summit. But he said there are too many bears in the dollar market.

David Lew is a bullion commentator with Commodity Online. You can contact him at info@commodityonline.com