‘This Economic Detox Will Hurt Like Hell’

“Look out the window. The debts are the highest in the history of the world… and it gets worse every day,” warns legendary investor Jim Rogers in this explosive sit-down with Daniela Cambone. “Yes, we need [detox]. But when the pain starts, people say, ‘Wait a minute. I didn’t know it was going to be this much pain. I want the easy way.’” Rogers, co-founder of the Quantum Fund, reflects on his former intern Scott Bessent—now U.S. Treasury Secretary—who’s reportedly advocating to revalue America’s gold reserves: “He knew nothing about money… he had planned to be a journalist… and look at him now.” He slams current monetary policy: “Debasing the currency… it’s great for a while, but in the end we all suffer.” And on tariffs: “They are taxes. I prefer not to pay more for things.”

Could America really return to the gold standard?
Jim Rogers, legendary investor and lifelong gold advocate, isn’t holding his breath. While the current Treasury Secretary—once Rogers’ intern—is openly pro-gold and even pushing to revalue U.S. gold reserves, Rogers warns that political resistance, global debt, and a public unwilling to endure economic pain make such a shift unlikely. Still, he says, gold remains the ultimate form of discipline in a world drowning in paper promises.

The Political Wall Against a Gold Standard

Politicians don’t like gold-backed money—for one simple reason: it imposes discipline.

• Under a gold standard, Washington couldn’t run trillion-dollar deficits without consequence.

• Printing money freely becomes impossible.

• Global creditors gain more leverage over a debt-laden America.

Rogers bluntly puts it: “Gold puts discipline on people. You cannot just spend money like crazy.”

Global Stakeholders Won’t Stay Quiet

Even if the President, Treasury Secretary, and Federal Reserve Chair all aligned on gold, the rest of the world would have a say.

• The U.S. is the largest debtor nation in history.

• Foreign creditors—especially China and emerging economic powers like India—would demand terms.

• History shows that any move to a gold-backed dollar reshapes the global monetary order.

Debt Detox: A Pain Few Can Bear

Rogers warns that “detoxing” the U.S. system from its debt addiction will be painful—possibly too painful for the public to endure.

• U.S. debts are the highest in world history.

• Attempts at fiscal discipline often collapse when voters feel the economic pain.

• In the past, America valued balanced budgets and gold-backed payments. Today, instant gratification rules.

The Dollar, the Fed, and Dangerous Debasement

This administration seems intent on a weaker dollar—a move Rogers calls short-sighted.

• Currency debasement can temporarily boost exports but destroys long-term purchasing power.

• Tariffs? Rogers sees them as nothing but extra taxes that raise prices for everyone.

• A future Fed Chair may not be “sound,” further eroding monetary stability.

Gold vs. Silver: Rogers’ Buying Strategy

Despite his lifelong love for gold, Rogers is currently favoring silver.

• Silver is down 30–40% from all-time highs.

• Gold is at record levels, making silver the better short-term buy in his view.

• Long-term? Rogers hopes to never sell his gold—instead passing it to his children.

His advice: “Everybody should have some gold in the closet… under the bed… because gold will always be there when we need it.”

Why Physical Gold & Silver Still Matter

In an era of ballooning debt, central bank experiments, and currency manipulation, physical gold and silver remain the ultimate wealth-preservation tools.

• They are tangible assets, immune to central bank printing presses.

• They act as an inflation hedge when the dollar loses purchasing power.

• In systemic crises, gold outlasts political promises.

For conservative investors, the question isn’t if to hold gold and silver—it’s how much.

Conclusion

The idea of a gold standard revival may excite hard-money advocates, but Rogers reminds us: politics, pain-aversion, and international pushback stand in the way. Still, in a debt-ridden, currency-debasing world, holding physical gold and silver remains the single most reliable form of financial discipline available.

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