Talking about the rally in precious metals, Rogers said, "Silver and gold are the only two precious metals that I own. I bought more silver a couple of weeks ago. If they go down, I will buy more. I am not thinking about buying the other metals. Maybe I should, but I am watching. All I'm doing is watching right now. When something goes straight up, it usually has a correction. If silver has a correction, if gold has a correction, I hope I will be smart enough to buy more of both."