Jim Rogers prefers investing in gold buying gold and silver coins

Well, everybody should invest in what they know about and what they feel. If you’ve got a gold mining company about which you know a whole lot, that you know is a bargain, you should buy it. My preferred way is gold coins, just because they’re easily recognizable. I mean, bullion, in an emergency, James, you can’t really go down to the grocery store and say hey, I want to buy a couple loaves of bread, I can’t make change. Now, gold coins could be a problem too, but it’s less of a problem than a kilo of gold. 

And if you’re good at trading and investing, sure, that gold shares, gold ETFs, there are plenty of ways to do it; my single preferred way, and I have plenty of ways to invest, but my main way is gold coins and silver coins.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.