2023 Prediction (Kitco News) - Central banking is the "biggest risk" in 2023 according to Jim Rogers, a renowned investor whose fund outperformed the markets by 4,200 percent in the 1970s, despite the stagflation which characterized that decade.
"We have a lot of central banks [printing money]," he explained. "Whenever you have a lot of money-printing, it distorts markets, it distorts inflation, it distorts interest rates, and [it causes] gigantic debt."
Rogers, who is Co-Founder of the Quantum Fund and Chairman of Rogers Holdings, said he likes to purchase assets at a discount, and claimed that "commodities" constitute "the cheapest asset class."