Jim Rogers: $2,000 Gold, $50 Silver

(TheStreet ) -- Jim Rogers, the famous contrarian investor, stands behind his prediction that gold prices will hit $2,000, but isn't buying any more gold at record highs.

Rogers has been a gold bull for years and well before this year's 25% rally. There are many ways to buy gold like the gold exchange-traded fund, SPDR Gold Shares(GLD), up 24%; gold stocks like the Market Vectors Gold Miners(GDX), a basket of large-cap miners, up 30%; or physical gold. Rogers favors the physical commodity.

Some analysts disagree with Rogers. Goldman Sachs(GS) called a top in gold at $1,750 sometime in 2012, while Jon Nadler, senior analyst at Kitco.com, says the top could come in 2011 especially as prices struggle to sustain prices above $1,400. (more)