Rogers: Now Is the Time to Buy Silver, Natural Gas

Irresponsible fiscal and monetary policies worldwide make currencies a bad investment and commodities a good one, says investment icon Jim Rogers.

"All governments around the world are debasing their currencies," he says. "There may come a time when we all have to have all of our money in real assets."

While Rogers owns gold himself, he notes that the precious metal has soared since the beginning of 2009 — to the tune of 26 percent. "Anything that goes up that far, that fast should consolidate and rest," he told CNBC.

"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil." (more)