Monday, December 30, 2013

Jim Rogers December 2013 Interview



Thursday, December 26, 2013

Roger warns of social unrest

This is not going to be fun. Don't think I'm looking forward to this. It's going to be a disaster. I don't see the bureaucrats coming to their senses, so it's going to be the markets, and it's going to mean a lot of unpleasant times.

You're already seeing social unrest in many countries, and it's going to get a lot worse I assure you.

via www.Jimrogerblog.com

Wednesday, December 25, 2013

US Gold reserves not enough for the dollar

The US government according to various reports holds 8,133 tonnes of gold bullion reserves. 

It might seem like a lot but according to Jim Rogers, "It's not nearly enough to back the Dollar because we're the largest debtor nation in history – trillions and trillions of dollars."

Monday, December 23, 2013

Thursday, December 19, 2013

Stock market rise has been for for those who benefited

This is a lot of fun for those participating [in the stock market rally]. 

But the overall situation is getting worse and worse. We're all going to have to live with the consequences of printing money.

Wednesday, December 18, 2013

Jim Rogers: Im not a market timer

This [Gold] correction could last another few months. I don't know, I'm not a market timer. I'm terrible at short-term trading. But if it goes down more I hope I'm smart enough to buy more. I'm certainly not selling [gold].

Monday, December 16, 2013

Jim Rogers Net Worth

Jim Rogers net worth is an estimated amount of $300 million as of 2013. 

In recent years, Jimmy Rogers has authored several books. In total, his net worth is attributed to smart business ventures and including his success in writing.  
He was born in Baltimore, Maryland in the United States of America. He currently lives in Singapore with his wife and daughters. 

I lived in the backwoods of Alabama and More



Thursday, December 12, 2013

Wait until next crisis 2014-2015

2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits... Debt has gone through the roof, the next one's gonna be really bad. 

Be prepared, be worried, and be careful.

Wednesday, December 11, 2013

Commodities are not dead investments

Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.

In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn't. I think that’s what’s happening with commodities now.

Tuesday, December 10, 2013

We are all floating around on a sea of artificial liquidity right now. This is not going to last.

Monday, December 9, 2013

People in the West have enourmous debts

Eventually, the whole world is going to collapse. We in the West have staggering debts. The United States is the largest debtor nation in the history of the world, this is going to end badly.

Thursday, December 5, 2013

China will be affected by the Western world

Jim Rogers on Chinese economy and if it will be affected by what happens in the West.

America is the largest economy in the world, Europe as a whole is an even bigger economy, Japan is big. When you put America, Europe and Japan together ofcourse if they have problems China will have problems. 

China is 1/10th (one-tenth) the size of those economies. They are going to be affected by whats happening in the Western world.

Tuesday, December 3, 2013

Likely that Fed will self destruct

In America we've had 3 central banks in our history. The first two disappeared. 

This one is going to disappear as well. They keep making mistakes, leveraging balance sheets, taking on huge amounts of debt. 

This one is going to self destruct, unless politicians say 'this is a mistake lets get rid of it' However, its more likely they [Fed] will self destruct. 

Friday, November 29, 2013

Gold is insurance policy

I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy

Tuesday, November 26, 2013

Political consequences of stopping QE

 We had Mr. Volcker who came in, was told “stop the madness” back in the 1970s and he did. 

Well, Jimmy Carter got thrown out, because he was who had told him to do that, because the pain was so bad. 

Reagan of course thought it was wonderful, that pain was taking place because that got him elected. And it was help to clean up the problems. 

That’s what happens, you cause the pain and they throw you out.

Monday, November 25, 2013

Jim Rogers hopes Janet Yellen is smart

Mr. Bernanke is certainly not going to stop it [money printing], because he doesn’t want to go down in history as causing the collapse. 
Mrs. Yellen, when she comes in, she’s not going to stop it, first of all she doesn’t believe in stopping it, she thinks printing money is good. And she knows – I hope she’s smart enough to know – that if she stops, oh my gosh, it’s going to collapse. So she’s not going to stop. Nobody wants to go down as causing the collapse of the world. So I’m afraid this is going to go on until the market eventually says to them, “Okay, enough is enough,” we have a big collapse and then they’re all thrown out and we can start over.

Thursday, November 21, 2013

Short sellers not the problem

Jim Rogers on his shorting Fannie and Banks around year 2006 - 2008:

Short sellers do not make Fannie Mae go from $70 to $0, I assure you, the only thing that can make that happen is serious fundamental problems. So yes, everybody knew I was nuts back in those days!

And then, they started blaming it on me and on the short sellers, all of the problems. Nobody likes to take responsibility for their mistakes, certainly not politicians, but it was clear that first they laugh at you, then they ridicule you and say it’s your fault and blame it on you. 

Eventually they all say, “Oh, well we knew that. We thought of it ourselves! We knew that Fannie Mae was a fraud.” But that’s a difficult and sometimes painful process.

Wednesday, November 20, 2013

World keeps evolving, things change

Another thing I have learned in my life is that no matter what we all know today, it’s not going to be true in 10 or 15 years. You pick any year in history and go back and then look to see what everybody thought was true in that year, 15 years later the world had changed enormously. Enormously. And yet in that particular year everybody was convinced that this is the way the world was. 

Pick 1900, 1930, 1950, any year you want to pick, and you will see that 15 years later, the world was totally, totally different from what everybody thought it was at that time.

Tuesday, November 19, 2013

Think for yourself, do your homework

I do know that I have learned over the years, always, when nearly everybody is thinking the same way that means somebody’s not thinking that means we got to start thinking about it and see if there’s not another way, another approach. 

Because if everybody says the sky is blue, I at least urge you to go and look out the window and see if it’s blue because I have found that most people won’t even bother to look out the window. 

If they see on the television or in the newspaper or something that everybody says the sky is blue, I at least urge them to look out the window.
I find that most people don’t want to do their homework, that’s the first problem that many people have, is just doing simple homework.

Thursday, November 14, 2013

Still bullish on agriculture but not gold at the moment

Jim Rogers when asked if he still likes Agriculture:
"I am very optimistic about all agricultural products. I do not have a clue for the near term. I am a very bad short term trader."

On if Metals, Gold is a buy right now:
"Base metals are down substantially. I suspect that base metals will be stronger next year. If I had to buy them I would. Some of the money printing is working its way into the economy. Some of that money would go into base metals as a protection against inflation. I would much rather buy base metals than precious metals."


Source Article: http://blogjimrogers.blogspot.com/2013/11/bullish-agriculture-base-metals-says.html

Wednesday, November 13, 2013

Interview with Jim Rogers - Nov 2013

Jim Rogers Interview - Watch to hear his thoughts on various topics including Investments in 2014, China problems and more.

Monday, November 11, 2013

Watch Jim Rogers Interview on ET

Jim Rogers talks with ET India. Topics include about India outlook, liquidity, the world markets, Asia, Tapering. He is also bullish long term on crude oil even though he says there is an over supply of crude at the moment.

Monday, November 4, 2013

A gold buying chance is coming

Mr Rogers talks about the yellow metal Gold:
"I expect I might get another chance to buy more gold in the next year or two, so I'm waiting. But I'm not selling what I have, and I expect gold to go well over $2,000 eventually."

On the reasons for why we may see short term weakness in gold:
"India is the world's largest consumer of gold. It's their second-largest import, after oil. They can't do much about oil, but Indian politicians are blaming their problems on gold, and they keep putting taxes and restrictions on gold imports."


Thursday, October 31, 2013

Buying, selling congressmen used to be cheaper

In the 19th century, as America was rising to power and glory, we had 15 depressions, virtually no human rights, little rule of law, massacres in the streets. 

You could buy and sell Congressmen in those days—you can still buy and sell Congressmen, but in those days they were a lot cheaper. 

Monday, October 28, 2013

Agriculture inventories are near historic lows





Agriculture is not a glamorous field and it makes sense that young people are more attracted to working in other fields such as Management or Marketing.


Here is an article Mr Jim Rogers who has been bullish on agriculture for a while. See below.


"I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run."

Via - http://blogjimrogers.blogspot.com/2013/10/is-agriculture-good-investment-right-now.html

Monday, October 21, 2013

Jim Rogers: Third world airport, taxi and highway

No doubt Singapore is a world class city/country. Jim Rogers in a recent Barrons interview talks about his admiration for Singapore and finds life there better than New York.

"Singapore has the best of everything—great education, great health care, everything works here. It's been an astonishing success story over the past 40 years. We're very pleased here. When I was selling my New York house, I almost backed out; I just couldn't bear the thought of leaving. But now I'm very happy here. I fly to New York and I realize I'm in a Third World airport. Then I get into a Third World taxi onto a Third World highway. The difference now just slaps me in the face. New York is a wonderful place, with the people and the vibrancy, but I can find the same vibrancy, if not more, in Asia."

via Barrons, Jim Rogers

Monday, October 14, 2013

Obama wants to World War 3

Nobody likes wars, fighting's and death but one thing is certain, Wall Street likes Wars. During periods of wars the stock market has done well specially with defensive sectors. On this touchy subject Mr Jim Rogers gives his opinion.

"If there is World War Three and Mr Obama seems to want to go to war. He seems desperate to want to go to war. That's going to make gold go through the roof and all commodities go through the roof. "

source : Rogers blog

Friday, October 11, 2013

America could default, its scary

As much as I want America to continue its success and lead the world, I personally as a human being cannot understand why the US has to print money and become the worlds largest "debtor nation". Its baffling and mind boggling. Below Jim Rogers has a few words on the subject.

"They’re not on the brink of default because they can print as much money as they want. Yes, America’s the largest debtor-nation in the entire history of the world. Nobody’s ever been this deep in debt and it’s going higher and higher."

Source: Rogers

Sunday, September 29, 2013

China, America, Europe and Japan

Even if China is doing everything right, it will still be affected by what's happening in the rest of the world. America, Europe and Japan, these economies are ten times bigger than China. 

Tuesday, September 24, 2013

China agriculture opportunities

Nowadays, the whole world is short of agriculture products and the agriculture population is reduced sharply and the average age of global farmers is too high. However, China has great potential in agriculture, which is a favorable opportunity for the agriculture investors.

Source: Jim Rogers blog

Monday, September 23, 2013

Chinese Renmimbi is the future world currency

The US dollar is a troubled currency, Renminbi globalization can't wait too long, now it is an opportunity for it.

Read full text at his weblog

Monday, September 16, 2013

Jim Rogers comments on India gold import curbs

If India curbs its gold imports, will its economy be back on track? There is no question that if you have money, it is better to invest it than put it into a stagnant asset—according to this argument, women should not buy dresses or shoes, or we should not be buying houses...the one billion Indians are smarter than the market and also the government.


Source: Rogers

Monday, September 9, 2013

All government numbers are suspect

All government numbers are suspect. Last week, the US government revised its economic statistics and added a whole economy bigger than the Swedish economy—so America just went up a level in a week because they revised the numbers. I don’t trust what any government says. The Soviet Union used to have great numbers, but they were all made up in offices in Moscow.

Read full text at Jim Rogers blog

Tuesday, September 3, 2013

Jim Rogers negative on India

India has some of the smartest people in the world, but it does not have an education system to support it. Infrastructure is equally poor. So, I don’t know if India would have been better without a democracy, and some of the greatest periods in history have been without democracy. But these are just my observations, and it is the Indians who must decide what they want.

Read Full Text at James Roger

Tuesday, August 27, 2013

Jim Rogers not a fan of Indian government

What the hell—can a farmer with just five hectares compete with someone in Australia or Canada? Even if you put together the land in all your family, it is still not possible to compete. Much as I love India, I am not a fan of its government.

via Jimmy's blog

Monday, August 19, 2013

They are only making the crisis worse

Governments and central banks have reacted to the crisis in what they view is the correct manner, but, in my view, it is an artificial manner and they are only making the crisis worse. 

The reason it is stretching out as a problem is that they never let the problem cure itself.

Read full artricle at Jim Rogers Blog

Wednesday, August 7, 2013

The world floating on artificial lake

Jim Rogers: You have every major central bank printing money. The world is floating on a very large artificial lake. You cannot have an efficient and strong economy with artificial money printing. The next economic slowdown will be worse than 2008-2009.


Sunday, August 4, 2013

Jim Rogers short India stocks

Jim Rogers says India is a wonderful place to visit but as an investment not a good idea. I have sold India short. It doesnt look great. You have debt to GDP ratio very high. Politicians putting more controls, regulations.



Wednesday, July 31, 2013

Monday, July 22, 2013

Serious fundamental problems in agriculture

In 1987 stocks around the globe fell 40% and many people said the bull market was over. Then in 1989, 1990, 1994, 1997, 1998 there were many times when stocks collapsed and everybody was convinced the bull market was over. The bull market wasn’t over. It eventually ended in a bubble.

In my view that’s happening with commodities. I don’t see major sources of new supply coming in on stream. Most commodities don’t have massive new supply yet. For instance, agriculture has produced record levels for the past few years and yet inventories are the lowest in 40 years because consumption keeps going higher and higher, faster than production does.

We have serious fundamental problems developing in agriculture. I don’t see enough new supply to cause the bull market to end other than a temporary consolidation, especially since so many people are convinced and quick to rush out and write that the bull market is over. But we’ll see.

Friday, July 19, 2013

Bull market in commodities still on

Most bull markets have lasted for a couple of decades, or nearly a couple of decades. And in my view supply is not there yet. By the way if economies slow down, it would affect demand for all commodities but then Mr. Bernanke and his friends are going to print a lot more money. It’s the wrong thing to do but unfortunately that’s all they know to do, and they’ll do more.

Thursday, July 18, 2013

Gold could bottom next year in 2014

 It costs money to close a mine[gold], it costs money to re-open a mine so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it’s something like a mine which is expensive to close and expensive to open.

Some people are not going to be able to open mines because of what’s happened.  But then you’re going to eventually have people close mines, and eventually, like I said it’s going to work its way out in 2014, 2015, gold will make a nice bottom and off we’ll go again with the assumption of a bull market.

Wednesday, July 17, 2013

Jim Rogers says he doesnt own Gold mining stocks

 I don’t own gold mining stocks. There’s so many other easy ways for people to buy gold now that the miners have stiff competition. And there’s lots and lots of competitive situations in mining.
30 years ago if you wanted to buy gold, you were almost restricted to gold mining shares. That’s not true anymore. You can buy all sorts of coins. In those days only Krugerrands were available, 30 years ago. Nobody even made gold coins except Krugerrands. Now many countries have them. All sorts of ETFs, ETNs, futures, now there’s many ways to buy gold. So the miners have a serious competitive situation and of course there’s hundreds of them.

Tuesday, July 16, 2013

Gold miners have a difficult time ahead

Mark Twain said the definition of a gold mine is ‘a hole in the ground with a liar standing at the top of the hole’ because there’s just so many of them. Somebody once did a study and I think he determined that more money has been lost in gold mining shares than any other industry in America including airlines and railroads at one time. So miners are going to have a very difficult time ahead of them.

Monday, July 15, 2013

Gold is going to eventually make new highs.

You know when you have people that are faithful, or true believers, you usually don't hit a true bottom until most of those people get washed out.

Gold is going to eventually make new highs. The bull market's not over.


Friday, July 12, 2013

Gold miners wont shut down easily

I've been in the investment world a long time and I know that things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines. It costs money to close a mine, it costs money to re-open a mine, so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it's something like a mine which is expensive to close, and expensive to open.


Thursday, July 11, 2013

China will succeed even with setbacks

I read all this stuff in the press. And I'm not quite sure how you tell 1.3 billion people [in China] they’ve got to stop building infrastructure and start consuming. That’s not the way the world works, at least with no human beings I know. It’s happening gradually, just as it happened in the U.S., U.K. and many other countries historically. There are going to be setbacks in China. Goodness knows, no economy or market goes straight up. They all have setbacks. China will have many setbacks.

In the 19th century, America had a horrible Civil War. We had several depressions, very little rule of law, very few human rights. And yet we became a pretty successful country in the 20th century. So China is going to have plenty of problems. What I plan to do is, when I see serious problems in China again, I hope I'm smart enough to pick up the phone and buy more China.

Wednesday, July 10, 2013

Sugar, gold, silver looking undervalued

Question: What do you think is the most under appreciated commodity story out there right now?

Jim Rogers: Maybe sugar. But I don’t really know. I haven't thought about it. Just find out whatever is down the most and find out where the most bears are. And that’s probably it. I don’t know whether there are more bears on silver and gold or on sugar right now. But wherever the most bears are, that’s where you should look.

Tuesday, July 9, 2013

Like Natural gas, Global oil reserves decreasing

With natural gas, what happened was everybody started drilling. And they rushed out and had a wonderful time. But now it’s four or five years later, and we’re finding out these wells decline very quickly. And so people are finding it’s not nearly as much fun as it was in the beginning, especially in the beginning when a lot of them had to drill acreage quickly to maintain their leasehold obligations.

I think the reserves may not be what we thought. And some of the gas companies have reported decreases in their estimated reserves because the wells dry up pretty quickly.

The same is happening with oil. The oil boom started later than the boom in shale gas. And we’re finding that those wells decline at the rate of, depending on who you believe, 38 to 69 percent in the first year. I don’t have a clue, because I've never drilled a shale oil well. But we do know that those are fairly short-lived, too. So this has been great fun, and it may last a while. But I would suspect it’s not quite the boom that the press seems to think it is. We’ll find out.

Monday, July 8, 2013

Long bull markets always end in a bubble or mania before it’s over

All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with.

And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.

Friday, July 5, 2013

Jim Rogers has not sold any Gold

Jim Rogers on if he would keep buying gold at $1200 and lower:

Yes, if it gets there. I bought more [June 18], as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any.

Wednesday, July 3, 2013

Jim Rogers: Malaysia is attractive

International investors can go anywhere, and they don't go to places where there are restrictions and problems, they prefer the open, exciting and dynamics places.

When people think of Malaysia, they think the government owns or controls a major portion of the economy. You have huge reserves, abundant natural resources and Malaysia is at the right place at the right time. Of the many countries that have opened up, I would say Malaysia is one of the most attractive.

Tuesday, July 2, 2013

Oil reserves are declining around the world except USA

Jim Rogers on when the commodities bull market will end:

When there’s massive new supply coming on stream, then we’ll have the end of the bull market. But the world has consumed more agriculture products than it has produced for a decade now. But worse than that, we’re running out of farmers. The average age of farmers in America is 58; in Japan, it’s 66. Many of the industrial metals are now below the cost of production.

And nearly everybody has cut back dramatically on their expansion plans and investment plans. Oil reserves are declining pretty steadily around the world. We do have shale oil, which has caused a rise in supply. But that’s only in the U.S; the rest of the world has declined. Moreover, it remains to be seen how long the oil boom in the U.S. will continue.

Sunday, June 30, 2013

Commodities still in bull market supercycle

When you look back at the stock bull market from 1982 to 2000, stocks collapsed in 1987, ’89, ’90, ’94, ’97, ’98. And every time, people said the bull market is over. But it wasn’t. This bull market in commodities will definitely come to an end someday. But someday is not here yet.

Friday, June 28, 2013

Gold correction closer to a bottom

Jim Rogers when asked if the bottom is near for Gold

We certainly are. There are a lot of leveraged players who are now being forced to sell. Usually when you have this kind of forced liquidation, you’re getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom. I even bought a little bit [recently].

Thursday, June 27, 2013

This is insane, cannot go on

We’re getting to that point where either one of two things are going to happen; either central banks are going to stop all this [money printing], or the market is going to force them to stop it. It looks like we may be having a juncture of both…where the Fed is getting worried…and at the same time, the market is jumping in and saying, ‘Yes, it’s insane what you’re doing, and this has to end.’ So we may have a healthy convergence of both. And if it’s not ending now, it’s going to end sometime in the next year, because this cannot go on—it’s too insane

Wednesday, June 26, 2013

US Natural gas, oil shale overhyped

Regarding natural gas, the fundamentals on the ground are not nearly as good as the hype. The number of rigs on the ground has gone down 75% the last couple of years, as the wells are very short-lived, and it takes an enormous amount of money to keep them up. A number of companies have had to lower estimates of their reserves.

As for oil shale, typical wells deplete at 38 per cent the first year. Thus you need a lot of drilling, money, and a high price to keep up production rates.  All you have to do is go out in the oil patch. I believe the investment world will be disappointed with the notion that supply is so great that oil will collapse.

Tuesday, June 25, 2013

China has water problems

China has a major water problem. The only way the China story runs into big problems is if they run out of water. They are working hard to solve it. I believe they will solve it. If you want to make a lot of money find companies that are working to fix that problem.

As for their stock market, it’s getting closer to a buy. I bought a few shares on Friday. Their market is getting to the point it should be bought.

Monday, June 24, 2013

Jim Rogers optimistic on Malaysia and asia

Malaysia is making positive dramatic changes. I am extremely optimistic about Malaysia and Asean. In fact I don't see any countries in Asean going the wrong way.

There will be a huge currency turmoil going forward and when that happens I rather be with the creditors rather than the debtors. There is no such thing as a sound currency. No country will be able to escape unscathed, but the positives changes in Asia will enable the region to rebound quicker and emerge stronger. The ones doing the right things will lead the next phase.

Friday, June 21, 2013

Japan Abe long term disaster

Japan has a very serious problem. When we look back, Mr. Abe will have ruined Japan. Huge debt levels, horrible demographics, they won’t let in foreigners, the population is declining. Mr. Abe comes along and says he’ll ruin the currency. It is a disaster in the long term, and not guaranteed to work in the short term, either.

Thursday, June 20, 2013

Market timing is tough

At some point markets won’t take central bank policies anymore, and interest rates go up regardless of how much bond buying they do. Market timing is tough. As for the fixed income market, I’m short junk bonds. In any market, the marginal stuff goes first. This could precede problems with sovereign debt.”

Wednesday, June 19, 2013

I would start by looking at things that are depressed rather than things that are going through the roof.

Jim Rogers on what to buy right now

I would start by looking at things that are depressed rather than things that are going through the roof.

Tuesday, June 18, 2013

QE is going to end

Quantitative easing is going to end. Either the central bankers are going to wake up to reality and stop this insanity of printing money all over the world or the market is going to say 'we don’t want your paper money' anymore.

Monday, June 17, 2013

Investors Optimism on Myanmar

We in the U.S. had numerous problems as we were rising toward becoming the greatest success of the 20th century: civil war, many Depressions in the 19th century, few human rights, little rule of law, collapse of 1907, etc, etc.

Yet we went on to great success. I am very optimistic on Myanmar, but expect and welcome the various corrections which will come. There will be more.

Friday, June 14, 2013

Thursday, June 13, 2013

Rogers on Singapore inflation and immigration

If Singapore cannot get enough labor, it will have to raise wages. Inflation will rise and Singapore might price itself out of the market over the next few years.

On the future of Singapore if it tightens immigration
Singapore could be an old age home in 10 to 20 years. Every country in history that has a backlash against foreigners, is going to go into decline. 

Wednesday, June 12, 2013

Jim Rogers: Russia contrarian investment

Everybody hates Russia for many good reasons… including me for a long time. That's usually a place that you should look, when people hate a market. And so I am looking.

Tuesday, June 11, 2013

Gold down but can still go bit lower

Although gold prices have gone down a lot, it's still hard to call it an end.

Monday, June 10, 2013

Jim Rogers buying precious metals for years

Jim Rogers on how much gold he has invested:

First of all I won’t say, but second of all I don’t know. I don’t have a committee that I have to answer to, so I don’t have a clue. I do know that I own a fair amount of precious metals, I’ve been buying them for years and I never sold them.

Friday, June 7, 2013

Jim Rogers on the Yen devaluation effects

The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.

Thursday, June 6, 2013

No exit plan

I don’t know if there’s an exit plan. If and when they stop, it’s going to cause lots of ramifications in the market and lots of — perhaps even chaos, but certainly turmoil and upset. The only exit plan that he’s[Ben Bernanke] talked about is to let it all mature. That sounds wonderful, but it’s not very practical.

Wednesday, June 5, 2013

Jim Rogers may still buy US Dollar

I still own US dollar I don't want to own it. I own because its the least bad. Other people will put their money in the dollar when there's turmoil.
Look at the Japanese trying to get out of the yen so they put their money in the dollar. They dont know what else to do with their money. In fact I may some more[dollar] before too much longer.

Tuesday, June 4, 2013

Jim Rogers still owns Japan stocks

[Abenomics] has made the stock market go up quite a lot, it's been dramatic, but it's made the currency collapse.

I still own Japanese shares, I sold some last week, not all, but some. If [Japanese equities] drop down for some reason conceivably I would buy them back, but I don't know what would make them go down though because there's money printing everywhere. ... This is causing stock markets around the world to be very artificially inflated.

Monday, June 3, 2013

Jim Rogers: Yen downfall move dangerous

Jim Rogers on the Japanese yen policy:

The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is.

Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but  exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.

Sunday, June 2, 2013

Who is Jim Rogers ?

Jim Rogers is a famous investor, financial professor and author. Mr. Rogers was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). He was called the “Father of Austria Stock Market” and praised as, "For no one other than Jim Rogers can grasp the general trend," by the legendary investor Warren Buffett. Mr. Rogers is presently the Chairman of Beeland Interests, Inc.

Mr. Rogers graduated with a bachelor's degree in History from Yale University in 1964. He then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966. The Quantum Fund was one of the first truly international funds. From 1970 to 1980, performance of Quantum Fund gained 4200% while the S&P advanced about 47%. In 1980, Mr. Rogers decided to "retire", and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the Columbia Business School.

In 1998, Rogers founded the Rogers International Commodity Index. In February 2011, Rogers announced that he has started a new index fund that focuses on "the top companies in agriculture, mining, metals and energy sectors as well as those in the alternative energy space including solar, wind and hydro." The index is called The Rogers Global Resources Equity Index and according to Rogers, only the best and most liquid companies go into the index.

Friday, May 31, 2013

Jim Rogers bullish on farm land

Farm land has been extremely exciting for the last 3 or 4 years. I hope its slowing down otherwise we are not going to have any farm products. Its slowing down, but its mostly in Iowa, other parts of America such as Mississippi farm land has not slowed down.

You cannot judge a market by four months. I'm extremely optimistic on farm land.

Thursday, May 30, 2013

Commodities to continue higher

I still dont see massive new supplies[commodities] coming into the market which can keep prices down. 

Commodities are still in a long term bull market

In all bull markets there have been corrections, in the stock bull market 1982 - 2000. In 1987 stocks went down 40 to 80 percent, people said its finished. 1989, 1990, 1994 many times stocks scared the socks of a lot of people. It was not the end of the bull market and it is my view that's whats happening here with commodities. 

Wednesday, May 29, 2013

Jim Rogers on Japan inflation and pains

One hundred twenty-five million Japanese [stand to lose the most] because of inflation. Everything Japan imports is going to go up dramatically in price. ... The Japanese will suffer, but ... stockbrokers will do better, currency traders will do better.

Jim Rogers: Massive amounts of good news for Gold


One of things I’ve learned in the investment world, when something is ‘good news’ for [an asset market] and it goes down, you better be very worried, so of course it looks bad for gold right now. There’s massive amounts of good news. It should be going up.

Tuesday, May 28, 2013

Jim Rogers: Some not happy with money printing


Mr. Bernanke has said it's[money printing] going to go on to 2015. But some Fed officials have voiced hope that QE can be curtailed starting this year.

These folks are not happy about this staggering amount of money-printing because they know it's going to have bad consequences.

Monday, May 27, 2013

Jim Rogers: Artificial money printing to end badly


There's this gigantic artificial flow of money floating into our economy, and this is going to end badly because it is artificial.

Right now we have a very artificial situation. You have the central bank in America printing staggering amounts of money.



Sunday, May 26, 2013

Jim Rogers: India is blaming their problems on Gold


Indians the largest buyers of gold in the world are doing everything they can to kill gold. They[India] are blaming their problems on Gold. If India really does a lot, who knows how low Gold could go. If it happens buy all the gold you can.

Friday, May 24, 2013

Jim Rogers: Bonds to go into bear market


Jim Rogers comments on the coming correction for the Bond market.

Not this month, but it's certainly going to go back into a bear market. . . . It's going to go on for a long time, and it's going to be extremely painful for a lot of people."

Thursday, May 23, 2013

2 possible results from money printing


I don't see how it[money printing] can last much more beyond this year. There are two possible scenarios. In one, the market's just going to say, stop, we won't take this anymore, and bonds will go down despite the central bank.

In the second scenario, the public is going to say, wait a minute, we don't want this paper money anymore. It's too absurd, and prices will go higher, and you'll have more and more unrest in the world.


Wednesday, May 22, 2013

Jim Rogers on Gold correction

Whenever things go down, people look for reasons. The main reason is gold is up 12 years in a row. The only unusual thing about gold market is how strong it has been without a correction. If it goes down I hope I'm smart enough to buy more.

Tuesday, May 21, 2013

When would Jim Rogers buy more Gold ?

$1300, I would probably buy some gold, $1200 I would buy a little bit more. It depends on whats going on in the world. Its been 12 years. Its got to have a nice good correction to have a correction to clean the bulls and true believers.

Monday, May 20, 2013

Ben Bernanke will not seek new term

It seems that Mr. Bernanke may be leaving in a few months. The Federal Reserve is pumping up the economy and financial markets with its massive easing tactics. I guess he[Ben Bernanke] wants to get out before he has to deal with the hangover or the aftermath



Friday, May 17, 2013

China helping EU with debt

China giving money to the EU is very cheap foreign aid. They are getting influence for their money.


Thursday, May 16, 2013

Jim Rogers advice on where one should live or move

Go to where the money is. The US is now the worlds greatest debtor nation. You should go to where the creditors are. No one ever said, "They owe a lot money lets go there".

Everyone's family [families currently living in Singapore] moved to Singapore at some point - they shouldn't be afraid to move to a more opportune location if needed.

Wednesday, May 15, 2013

Jim Rogers advice to investors

I'm always concerned. I don't remember any times that I wasn't [worried]. If you stop being worried, you're probably about to lose money - I assure you.

Tuesday, May 14, 2013

Jim Rogers buys Japan stocks and sold them

I bought in Japan back after the tsunami a couple years ago and I bought more when [new Japan Prime Minister] Abe said he was going to print "unlimited' - and that's his word, not mine - unlimited amounts of money.

But I sold them last week. Not all of them, but most of them, because they just had gone up so much. As I told you, I'm very bad at market timing. So I suspect I was wrong. But I have sold out of most of my Japanese stocks. They were just up so much.

Monday, May 13, 2013

Jim Rogers: Agriculture and food prices to soar next several years

Agriculture has been such a disaster for 30 years that we are running out of farmers. The average age of farmers in America is 58. In Japan, it's 66. I could go on and on. The demographics [for those hoping for lower food prices over time] are terrible. At the same time, nobody's going into farming - no young people.

In America, more people study public relations than study agriculture. So the old ones are dying and retiring, and no young farmers are coming in.

The price of agriculture has to go up a lot, or we're not going to have any food at any price. I mean, if we have a big crop this year, [prices will] go down - but that will just make the (long-term) fundamental situation worse, because then you'll attract even less capital, fewer young farmers. So I certainly see a gigantic move in agriculture products over the next several years.

Sunday, May 12, 2013

Jim Rogers invests in Russia

I'm looking at Russia to see if I can find some investments. I've put a toe in the water - but not much ... a little toe ... not even the big toe.

Friday, May 10, 2013

Jim Rogers: No inflation in US is not true

I do know governments keep telling us prices are down - at least, the U.S. government does. When I'm in the U.S., I see prices have gone up for just about everything - except maybe in housing. So it's peculiar to me that they keep telling us there's no inflation. Look at education, look at medical care, look at insurance, and look at entertainment. I don't know if you've been to baseball game or the theater or anything recently, but these prices are up, although they say that they aren't - or, at least the U.S. government does."

But many governments acknowledge that there's inflation ... including India, China, Taiwan, Norway and Australia. I find it very peculiar that so many places in the world have inflation, but there's no inflation in the U.S."

Thursday, May 9, 2013

Some gold miner stocks deserve the beatdown

Some of the gold-mining stocks are extraordinarily beaten down. Many of them deserve to be beaten down. I think more money has been lost in buying gold-mining shares over the past 100, 150 years than any other sector, including airlines and railroads. If you know the right ones, or right one, buy it, or them - because somebody will make a lot of money.

People will start exiting stocks before money printing stops

You see that, in Japan, the markets have skyrocketed with printing money ... in the U.S., the markets have gone up a lot because of money printing. The central banks are determined to keep printing money.

But, underneath that, eventually there are going to be more and more skeptics - I'm not going to be the only one - and more and more people will start heading for the door. And by the time they stop printing money, the damage already may have been done to the markets.

Wednesday, May 8, 2013

Jim Rogers worries about serious energy problems in future

What concerns me is that we're running out of known reserves of energy, oil and natural gas. We're running down the reserves, and unless something happens to change that, we're going to face serious problems with energy down the road, too.

Gold investors need to accept reality

Until people start accepting reality instead of denying reality, we're not going to make the bottom. Until a lot of people just pack it in and throw gold out the window. Then gold will make a beautiful bottom and we can all participate in a multi-year bull market.

Tuesday, May 7, 2013

Jim Rogers: Gold bottoms when .........


If Gold gets to $1,200, I hope that I'm smart enough to buy even more. If it gets to $1,100, I hope I'm smart enough to buy even more. Speak to the chartists ... the technicians ... and look at the retracements, or whatever they call them. A 50% retracement is not unusual. A 60% retracement is not unusual. You can do the same math that I can. You can figure out what a 40%, 50% or 60% retracement would mean for someone."

Monday, May 6, 2013

Jim Rogers: Currency Wars a race to bottom

The Japanese said "We will print unlimited amounts of money.' So Bernanke[USA] said "Oh my gosh, I can do that, too.' Then the English said "Well, wait a minute guys, we can play, too.'
So now you have nearly everybody printing a lot of money" - in a competitive way.

Sunday, May 5, 2013

Agriculture and Natural Gas are potential bargains


I'm most optimistic, fundamentally, about the agriculture sector. But some of the others [for example], natural gas is 70% below its all-time high. Some of the base metals are far down from their all-time highs."

With agriculture, you know, we've consumed more than we've produced for the last 10 years or so. So, inventories are near historic lows, which means that - if something goes wrong - we're going to have serious problems. And even if something goes right, you've got to replenish the inventories.

Friday, May 3, 2013

Jim Rogers: Gold can confuse a lot of investors

Gold is going to shake out the mystics - there are still a lot of mystics in the market. I have guys writing me saying this couldn't be happening. I say, "Well, get out your quote machines, it is happening'."

Thursday, May 2, 2013

Jim Rogers on Stock Market bubbles

There are signs of worry [on current high stock prices]. You do see breadth sort of changing. You do see potential problems, [like] volume problems. [Although] this is all artificial, that doesn't mean artificiality can't go on for a while. Remember the dot-com bubble of the "90s ... you can look back on any bubble and things ... can certainly last longer than I expect and [longer] than any rational person can expect

Wednesday, May 1, 2013

Ways to invest in Gold

There's ETFs, there's coins, there's bars. There are many, many ways to invest. But please don't do so unless you've done your homework.

Longer term fundamentals for Gold intact

Gold has to go a lot higher over the next decade or so, because [the world's central banks] keep printing money.

Tuesday, April 30, 2013

Gold still needs a correction

Gold was setting us up for some kind of correction. Gold needed a correction - it still needs a correction - and I hope this is the proper correction which gold needs. Then gold - somewhere along the way - will make a bottom and we can all join in the bull market higher and higher.

Monday, April 29, 2013

Jim Rogers on Gold


I expect gold to go much higher over the next decade, but it will not and cannot, until it starts having corrections.


Jim Rogers: Long term to see sustainable rise in Gold


Who knows how high gold will go, as long as we have mad men running the central bank. We will see a sustainable rise in gold over the long term.


Sunday, April 28, 2013

Jim Rogers: Gold ETF and Gold Miners

Jim Rogers explains one reason for the run up in Gold prices in the last few years and the recent volatility:

People just switched from the miners to the real stuff, [creating] another reason it went up so much [and] set the base for what's happening now.

Thursday, April 25, 2013

Bailout nation

The fed is taking the assets away from the competent people, giving them to the incompetent people and saying to the incompetent: 'OK, now you can compete with the competent people, with their money.' I mean, this is terrible economics. This is outrageous economics.

Tuesday, April 23, 2013

About Jim Rogers: Mainstreet not wallstreet the place to be


"The city of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods"


Who is Jim Rogers ?
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in the news, including tv channels such as CNBC, Fox. He currently lives in Singapore with his wife and daughters.
In 1968, Jim Rogers started trading the stock market with $600. In 1973 he worked with investor George Soros to open the Quantum Fund before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Monday, April 22, 2013

America will default within thirty years

Thirty years from now America will certainly have been through a period of default.  There’s more than one way to default, you can print money, pay people off, pay them off with worthless currency.  You have a default.
You’ve defaulted, but you’ve paid off the debts, but the people who receive that worthless money are not very happy.  And that’s going to happen in the US.  You’re going to see institutions that we’ve known in the US for decades are going to disappear, or totally turned over.

Lehman Brothers had been around for 150 years.  Bear Stearns had been around 80 odd years, or something.  You’re going to see more of that.  You’re going to see more universities disappearing.  Some of the Ivy League schools are essentially bankrupt, or we’ll find out that they’re bankrupt.  So you’re going to have huge, huge turmoil, many museums, hospitals, art galleries, many things that we’ve known and loved, are going to be in serious trouble, disappear, and in the meantime you’ll have new companies, institutions rise.

Friday, April 19, 2013

Jim Rogers explains the gold sell off


Jim Rogers on the key downward pressures on Gold:

- India raised its gold import tax from 4% to 6%, which has limited the demand for gold in the world’s largest market for the metal.
- Technical analysts and chartists have been arguing that prices would fall.
- The collapse of the Bitcoin over the past two weeks coincides with many of the digital currency’s owners also owning gold.
- Cyprus has to sell part of its gold as part of its bailout.

source: Business Insider

Thursday, April 18, 2013

The government will find ways to take citizens Money

The US Government know where all the pension plans are because we have to report it, so they are easily accessible by governments. They know where they are, what they are, and they will be able to snatch them.

Who knows what they will do, but they will certainly find some way to take the citizens money when things get worse. They always have before.

Wednesday, April 17, 2013

401K plans, IRA, pension plans at risk from Governments


I suspect what will happen in America is that they will take pension plans; 401K plans, IRA’s, and pensions plans which the government knows about may be next.

Their rationale will be, ‘Well most people have not been doing well in their IRAs and pension plans for the past several years, so we are going to help you. We are going to take your pension plan and give you government bonds so that you have a guaranteed return.'

Tuesday, April 16, 2013

Water transport and cleaning investments

There are some companies out there that clean and transport water. Find one with good management and invest in it and you’ll be rich.

Disclosure: Rogers owned shares in Singapore’s water-treatment company, Hyflux Ltd. (HYF), for a few years. 

Water investments can pay off big

If you can find ways to invest in water, you will be extremely rich because we do have a serious water problem in many parts of the world like India, China, the southwestern part of the U.S., and west of the Red Sea.

Monday, April 15, 2013

Gold needs this correction


Gold has gone up 12 years in a row. I don't know of any asset in history that has gone up 12 years without a major correction.

This may be the correction that gold needs. If it goes down enough, I will start buying it.




Sunday, April 14, 2013

First time in history every central bank is printing money at the same time


For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don't know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

I own the dollar, not because I have any confidence in the dollar and not because it’s sound – it’s a terribly flawed currency – but I expect more currency turmoil, more financial turmoil. During periods like that, people, for whatever reason, flee to the U.S. dollar as a safe haven. It is not a safe haven, but it is perceived that way by some people. That’s why the dollar is going up. That’s why I own it. Will I own it in five years, ten years? I don't know.


Thursday, April 11, 2013

Bank accounts are at risk

It’s been condoned now by the IMF, the European union, and everybody else in sight; that a government in need,can take assets. We all knew they could tax us...but this is the first time that I’m aware of, that they’ve gone in and taken bank accounts.

  (Jim Rogers books)

They took gold from people in the U.S. in the 1930′s…but I’ve never heard of them taking bank accounts. Now they’re doing it. So be careful because, now they can take your bank account under this precedent.

Wednesday, April 10, 2013

North Korea unification with the South neighbours

At some point down the line, North Korea will cease existing as a country. Then the value of the North Korean gold and silver coins will go up.

Tuesday, April 9, 2013

North Korea gold and silver coins

Coins and stamps are the only way I can invest in North Korea.

According to Korea Pugang Coins Corp - "Jim Rogers purchased most of the gold and silver coins offered by North Korea at a coin fair in Singapore".  This year, 20 one-ounce gold coins featuring mostly century-old generals were on offer as well as several hundred silver coins. Mr. Rogers bought 13 gold coins and most of the silver coins.
"He wanted to buy more, but we only had 13 [gold coins] left,"





Monday, April 8, 2013

Invest in Myanmar

There are a heap of opportunities lying in Myanmar because the economy is again becoming liberal like China did in 1978 and Myanmar is the country in Asia with the best investment opportunity at present.

In 1962, Myanmar was the richest country in Asia, but they closed their economy and became the poorest country in Asia. 

Friday, April 5, 2013

Spread you money deposit risks over several banks


I, for one, am making sure I don’t have too much money in any one specific bank account anywhere in the world, because now there is a precedent.

The IMF and European Union have told Cyprus, “loot the bank accounts", So you can be sure that other countries when problems come, are going to say, ‘well, it’s condoned by the EU, it’s condoned by the IMF, so let’s do it too.’

Thursday, April 4, 2013

Bank depositors better run


Rogers on the topic of Cyprus bank bailout

What more do you need to know? Please, you better hurry, you better run for the hills. I’m doing it anyway.

I want to make sure that I don’t get trapped. Think of all the poor souls that just thought they had a simple bank account. Now they find out that they are making a ‘contribution’ to the stability of Cyprus. The gall of these politicians.


Avoid investing in a crowd and TV

Well, I try to avoid a lemming mentality. Part of the way I guess I do that is I don’t really sit around chit-chatting with a lot of people, I don’t speak to the financial community, I don’t talk to broker pals, I don’t talk to anybody, I sort of find my own things. And so I’m usually not aware of what the conventional wisdom is, unless I see it in the market. If I see something skyrocketing, going through the roof, then I say, well, what’s going on there, then I’ll find out whatever the absurdity is.

But we don’t have a TV in our house. So I sort of wander along, following my own style, my own life, rather than (I hope) getting swept away in whatever everyone else is thinking and doing.

Tuesday, April 2, 2013

Visit India and the Taj Mahal

If you love nature, I would urge you to cross the Sahara Desert, or go down to parts of South America. If you love man-made objects, everybody should see the Taj Mahal, most have only seen pictures of the Taj Mahal. I’ve been there a few times, and every time I walk in I’m stunned at how magnificent it is. We should not allow people to take pictures of the Taj Mahal because they cannot do justice to how beautiful and how exciting it is. It’s like the Terra Cotta Warriors out in Xi’an.

Now, I’ve seen pictures of it a thousand times, but none of those pictures can do any justice to the shock of when you walk in there, you say “oh my gosh, how could this be?” It really depends on what you’re interested in. Everybody should see the Grand Canyon. It’s stunning, magnificent. Iguazu Falls in South America is a magnificent waterfall. Or Victoria, the one in Zimbabwe… fabulous waterfalls. Depends on what you’re interested in more than anything else. If you can only visit one country in your life, I would urge you, Tom, to go to India. It’s got a combination of man-made and natural sites like no other country in the world, it’s got a breadth and depth of culture like no other country in the world. The languages, the traditions, the food. I mean it’s a constant sensory feast walking down the street, driving down the street. It’s an astonishing place to visit. So if you go to one country, I would urge you to go to India.

Study and work in what interests you

Everybody’s got to find their own way. Listening to me, maybe it’s fun, maybe it’s boring, who knows, you’re not going to succeed until you find your own way. I mean if you’re a musician you’ve got to find your own sound, your own way.

Great musicians through history were the people who had their own madness, and were proud of their madness, especially if it was not what everybody else is doing. Well, the same is true of art, literature, politics, finance, especially finance.

Yeah, you can copy other people, and many people do, that’s why everybody invests in the same thing, and that’s why it winds up being a bad investment. No, you’ve got to figure out your own way, no matter how absurd your way may sound, especially if your own way sounds absurd to others, you should pursue it even harder. You can learn from other people, but don’t try to be like Joe or Sally, try to be like yourself.

Monday, April 1, 2013

Not investing in US right now


I’m certainly not investing in the U.S., because the U.S. is making all-time highs based on money printing.

If you give me a trillion dollars, I’ll show you a good time too and a lot of people are having a good time. I’m somewhat skeptical because I know it’s going to end badly.


Too many financial related graduates

 There’s nothing wrong with finance if you love it and you’re passionate about it. And we do need financial types. But do we need a huge glut of them? Probably not. That was never very smart. But I happen to love finance and fortunately I went there when nobody else was going there. I would hope I’d be smart enough to find something I love where everybody else was not piling in.

Sunday, March 31, 2013

Invest in Russia not US

I'm certainly not investing in the United States... the whole world is benefiting from all this money being printed, but there are better places than where the all-time high is.

Friday, March 29, 2013

Too many students doing their MBA

In 1958, America produced 5,000 MBAs per year and none of the other countries produced any. Last year we produced 200,000, and the rest of the world produced tens of thousands more. We have a glut, we have a lot more MBAs than we used to, there’s a huge amount of competition in that field, in finance. And nearly all MBAs these days study finance. In the old days some of them studied manufacturing, or marketing, or accounting, or other things. Now it’s nearly all finance.

This is at a time when there’s massive debt and leverage in the financial community. You know, back in the 60s and 70s there was very low leverage in the financial community, many investment banks were partnerships, partners weren’t about to go and risk their entire fortunes with leverage.

And of course now you have governments around the world antagonistic to finance, passing laws and regulations all the time, trying to come down hard on financial types. Finance, which was a backwater and pretty much ignored by everybody including students, has now become, in the 80s, 90s, and the last 10 or 15 years, wildly hot and popular. That’s why I’m saying this is going to change. Throughout history we’ve had long periods where the financial types were the masters of the universe, followed by long periods when the people who produced real goods were. Well, that’s changing now, going back to the old ways. We have more people in America studying public relations than studying agriculture. More people study physical education than study mining engineering.

So how much more do you need to know? 10,000 people studied agriculture last year while 200,000 got MBAs.

Thursday, March 28, 2013

Invest in things you know

Nobody should invest in anything that they themselves don’t understand. So if I sat here and said you should do x, y, z, and people don’t have a clue what I’m talking about, they should probably ignore what I say or even what you say.

Nobody should invest in something that they don’t understand. If you know nothing about gold except that it’s supposedly valuable, you shouldn’t buy it, or invest in anything you don’t know about.

But once you know a lot about something, you will probably figure out some ways to protect yourself. I mean if you have your own business, like you, usually the best thing to invest in is your own business, because you know more about that than anything else. I have various ways that I’m trying to protect myself, but even if I told you I’m doing x, I might change my mind tomorrow afternoon, and then you would be stuck doing x because I said it. I’m not going to call you and tell you I changed my mind on that position. So people really need to invest in only what they themselves know a lot about.

Wednesday, March 27, 2013

Moved to Singapore in 2007

When I moved to Singapore in 2007, I can’t tell you how many smart, educated, knowledgeable, successful people said, “Are you nuts? Why are you moving to China?” Well of course Singapore is not China, it just shows you the extent of the lack of understanding and knowledge. But also they just couldn’t comprehend why anybody would pack up and leave a great life in New York to move to a foreign country.

Most people, for whatever reason, they listen to other people, they get into their groove, and they just cannot change. Look, I make plenty of mistakes. You can ask me in fifty years if I did the right thing, bringing my children to Asia. But, when I see something, I eventually act.

Tuesday, March 26, 2013

Spotting investment trends

Jim Rogers on the topic of spotting investment trends:

I don’t know, but I do know that if something’s too good to be true then it’s probably not true. The idea that we could all buy five or six houses with no job and no money down, and then that those mortgages could be sliced and diced and made into even more miraculous AAA credit.

Looking back, even at the time it was incomprehensible to me that people would believe that. But looking back on it, I don’t think anybody could comprehend how that happened, but it did. You often see that.

Back in the late 90s there was the whole dot com thing. Everybody was talking about a new era. Even the Wall Street Journal started to capitalize New Economy, you know, everybody got sucked in. But if you have any knowledge of history, you know this can happen throughout history. All bubbles look the same, all absurd policies look the same, and they all lined up. And people always say the same things, they say it’s different this time, they say it’s a new economy, a new era, whatever, and it never is. All these absurdities always end up badly. And by the way, the Wall Street Journal stopped capitalizing New Economy in the early part of this century, because even they came to realize, oh my gosh, it was not a new economy, and it never is a new era. Mankind doesn’t change very much at all.

Monday, March 25, 2013

Historical similarlities between Japan and US economy

In the early 1990s, Japan faced problems such as we’re facing now, and they refused to let people go bankrupt, they propped up the banks, they propped up a lot of companies, and they came to be known as the zombie banks and zombie companies, and as you know the Japanese talk about the 1990s as the lost decade.

But now you’re talking about two lost decades. Their stock market is down 75% from where it was 23 years ago. That is not a typo, it’s down 75%. We’re going the same way. We refuse to let people go bankrupt, prop up everybody in sight, and the problem with that is you’re rewarding incompetence, you’re bailing out incompetence, rather than allowing new people, new energy, new capital, and new competition. It’s called the green shoots, from Joseph Schumpeter. One of the great beauties of capitalism is creative destruction, which allows the green shoots of new energy, and new capital, and new ideas to develop. They’re not allowing that in the United States these days, just as Japan refused to allow it for the last 23 years.

Thursday, March 21, 2013

China trying to lower inflation


The Chinese are trying to slow things down, rightly so. They've had inflation. They've had a real estate bubble, you should always try to pop bubbles and you should always try to kill inflation, so I admire what they're doing.

China will have many problems but it's not the end of the world.

The US went through a similar economic rise with rapid growth in the 20th century with the Great Depression in the 1930s.

Wednesday, March 20, 2013

Money printing not the answer to current problems

 Debasing your currency sometimes works in the short-term; it has never worked in the long term.

Tuesday, March 19, 2013

Money printing is a dangerous game



This is the only time in recorded history that all major central banks are printing money at the same time and everybody’s trying to debase the value of the money. I suspect it’s going to end very, very badly in the end, but in the meantime a lot of people are having a lot of fun.

Monday, March 18, 2013

Sterling to continue lower


On the Moody's downgrade of the UK economy from AAA to AA1.

I'm a little surprised it took Moody's so long to get around to lowering the credit rating. The UK, the US, and other countries are in serious trouble, and the world seems to know it. It's just the rating agencies that don't know it.

I suspect sterling will continue to go down in real terms against real assets.

Friday, March 15, 2013

Gold could go down more on India policies


I own gold and silver and precious metals. I own all commodities, which is a better way to play as they debase currencies. I own more agriculture than just about anything else in real assets because of the reasons we discussed before. We were talking before about the risk-free or worry-free investment. Even gold: the Indian politicians are talking about coming down hard on gold, and India is the largest buyer of gold in the world. If Indian politicians do something -- whether it’s foolish or not is irrelevant -- if they do something, gold could go down a lot. So I own it. I’m not selling it.

Thursday, March 14, 2013

Worldwide money printing by central governments


For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don't know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

I own the dollar, not because I have any confidence in the dollar and not because it’s sound – it’s a terribly flawed currency – but I expect more currency turmoil, more financial turmoil. During periods like that, people, for whatever reason, flee to the U.S. dollar as a safe haven. It is not a safe haven, but it is perceived that way by some people. That’s why the dollar is going up. That’s why I own it. Will I own it in five years, ten years? I don't know.


Wednesday, March 13, 2013

Savers are being punished in USA


Throughout our history – any country’s history – the people who save their money and invest for their future are the ones that you build an economy, a society, and a nation on.

In America, many people saved their money, put it aside, and didn’t buy four or five houses with no job and no money down. They did what most people would consider the right thing, and what historically has been the right thing. But now, unfortunately, those people are being wiped out, because they are getting 0% return, or virtually no return, on their savings and their investments. We’re wiping them out at the expense of people who went deeply into debt, people who did what most people would consider the wrong thing at the expense of people who did the right thing. This, long-term, has terrible consequences for any nation, any society, any economy.

If you go back in history, you'll see what happened to the Germans when they wiped out their savings class in the 1920s. It didn’t lead to good things down the road for Germany. It didn’t lead to good things for Italy, which did the same thing. There were plenty of countries where it wiped out the people who saved and invested for their future. It’s usually a serious, political reaction, desperation in some cases, and looking for a savior and easy answers is usually what happens when you destroy the people who save and invest for the future.

Tuesday, March 12, 2013

Rogers on Japanese tractor makers

Jim Rogers own's shares of Japanese tractor makers. Rogers is optimistic they will be more competitive abroad because of a weaker yen.

Monday, March 11, 2013

Rogers to continue buying Japan shares

Japan is one of the few places in the world where I own shares,” Rogers, chairman of Rogers Holdings, said at a Daiwa Securities Group Inc. (8601) equity conference in Tokyo today. “I have no plans to sell and plan to accumulate more when I can. Abe(Japan's Prime Minister) has been a catalyst and this will continue for several years.

Friday, March 8, 2013

US treasuries bubble burst ?


US treasuries is probably one of the last remaining asset bubbles left in the world. To buy them now would be a “terrible mistake”.

The US Federal Reserve's continued quantitative easing measures should help hard assets.

Thursday, March 7, 2013

Why Japanese stocks can go higher

They[Japanese Investors] will soon start losing money on the money invested abroad so a massive amount of that money is going to come back home. I doubt that will go into bank deposits or bonds because interest rates are so low. Then at least they can go to commodities or stocks.

Wednesday, March 6, 2013

Stocks to trade sideways range bound

Stocks, in my view, in most countries are like they were in the 1970s.

In the 1970s stock markets, and economies around the world did not do very much and were in a big sideways trading range for many years. We are in that kind of period now. 

Tuesday, March 5, 2013

Agriculture can be a good inflation protection too

I suspect agriculture products would give better protection during the next several years although gold and silver will be good too – perhaps second best.

Monday, March 4, 2013

Commodities and shortages


I'm long commodities and currencies, because if the world gets better, the shortages in commodities will make sure I make money; if the world economy doesn't get better, I'd rather own commodities because they're going to print money.

Thursday, February 28, 2013

US Treasuries


On Shorting US Treasuries:

I'm actually making money at the moment. … Maybe it's the end of the 32-year bull market. If it is, I'm making a lot of money in bonds. Stocks may go up, too, but I don't see how this [the recent stock rally] can last.”


Tuesday, February 26, 2013

Bullish on Russia first time after 46 years


Russia is terribly depressed. Nobody likes Russia. I’m buying the bonds, the currency and stocks. I first went there in 1966. I’ve changed my mind and, yes, I think I’m not giving my money to (Russian President Vladimir) Putin. I hope. That’s how you make money. You find something that everybody hates. When it’s changing … that’s how you make money.”


Monday, February 25, 2013

Ben Bernanke doesnt understand economics


Regarding Bernanke:

He doesn’t understand economics, he doesn’t understand finance, he doesn’t understand currencies. All he understands is printing money.

Read his studies of the depression. No mention of debt, no mention of foreign trade, no mention of currencies. He doesn’t know anything about what’s going on in the world. He just understands printing money.

Wednesday, February 20, 2013

Money printing decision insane


The printing of “unlimited” money by central banks in the United States and Japan is “insane” and Federal Reserve Chairman Ben Bernanke “doesn’t know anything about what’s going on in the world.

It’s outrageous what they’re doing. The Federal Reserve is printing money as fast as they can, and the Bank of Japan said ‘we're going to print unlimited money.’

You know what the Federal Reserve said? ‘We'll match you and we'll print money, too.

Tuesday, February 19, 2013

Jim Rogers Russia investing love


Famed investor Jim Rogers was on CNBC last week and when pressed, he said in his opinion Russia is currently the best investment opportunity he sees.

For Rogers, this is part contrarian play because as he said everyone hates Russia. He also believes the country will turn around and President Vladimir Putin will not impede progress.

Monday, February 18, 2013

Japan Yen debasement currency


I own (Japanese) shares and they (the Japanese authorities) are making them go through the roof, so in that sense I have to say thank you.

But debasing the currency and printing money is not a good thing," he added, referring to a policy of printing money that leads to currency weakness.

Thursday, February 14, 2013

Monetary easing bull market in stocks


The rally in stocks is just the result of ultra-easy monetary policy by the world's major central banks.

"I am short bonds, but I'm not sure there is going to be a long-term bull market in stocks. There is a lot of money printing," Rogers said. "So this (the rally) is artificial."

Wednesday, February 13, 2013

Treasuries are the world’s second- worst-performing bonds


Jim Rogers on Government Bonds asked on Bloomberg:

I’m short long-term government bonds,” betting the securities will fall, Jim Rogers, the investor and author of the book “Hot Commodities,” said yesterday on Bloomberg Radio.
I plan to short more. That bull market, that’s a bubble.


Tuesday, February 12, 2013

Money printing never works

Money Printing by central governments has never worked throughout history. Sometimes it worked in the short term, but it’s never worked in the medium or long term.” 

Wednesday, February 6, 2013

Put your cash in a safe place

You better make sure that cash is in the right cash. A few years ago many people put their money in Icelandic krona, thought they were very safe.

They had currency and they were earning high rates of interest and of course the krona collapsed and some of those people lost all of their money. 

Tuesday, February 5, 2013

Interest Rates to rise worldwide

I expect interest rates to rise worldwide. That could be a negative factor for sectors such as real estate.

Monday, February 4, 2013

Invest only in things you know

I have my money invested mainly in natural resources and currencies. I do own a few shares around the world which I have owned for years. I also have Japanese shares I bought mainly during the tsunami and in the fall of 2012 when it became clear they were going to drive down the yen. I am also short long-term government bonds in the US as well as a few stocks.    

Thursday, January 31, 2013

Can make money in commidities


We will make money in commodities because of supply shortages … and governments will print money.
In the metals space, Rogers is looking at base metals over precious metals.
“I suspect base metals benefit as they are down so much that they would be in a better place than precious metals,” Rogers said. “I would not be selling my base metals.”

Wednesday, January 30, 2013

Rogers looking to invest in Bulgaria, Bakans, Asia

Bulgaria is among the few countries, in which he is considering investing right now, since they have made the most improvement since his latest trip around the world, the billionaire, currently based in Singapore, said in an interview for Gold Radio Café.

The Balkans are in terrible conditions, but Bulgaria is a place, which is working towards changes, according to Jim Rogers. "I am thinking about investing in Bulgaria. I keep my eyes on those areas to see what may happen, but at the moment I am not really doing anything other than Bulgaria," he said.

Myanmar, China and Russia are the markets holding the best prospects for investors, according to Rogers. Myanmar has gone through dramatic and exciting changes, China opened up to the world 30-35 years ago and has been a great success story, while Russia has changed its attitude towards capitalism, which is why the billionaire is considering investments there too.

Asked what he would choose if he was to create a legacy portfolio for his grandchildren, Jim Rogers pointed out precious metals put in real assets.

Jim Rogers started trading the stock market with USD 600 in 1968. In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

They ran what is considered to be one of the first truly global macro hedge funds.



Tags: Russia, China, Myanmar, Bulgaria, Jim Rogers, wall street, Quantum Fund, George Soros, Balkans

Source

Japanese stocks can rally short term


Rogers says the new Japanese Prime Minister, Shinzo Abe, won his election on promises to increase quantitative easing to jumpstart the stagnating economy. Consequently, the Japanese yen has been depreciating and Japanese equities have been rallying on the optimistic outlook.

It all may sound good and feel good to investors, “but by the end of 2013, all this will be wearing off,” Rogers warned. “We will see serious problems and ramifications down the road.”


Tuesday, January 29, 2013

Agriculture, Natural gas looks oversold

Jim Rogers likes investing in agriculture and natural gas, which he says have been oversold. Looking at the agriculture market, the world is consuming more than is produced by farmers. Some areas of the world are witnessing a food shortage.

He said indexed ETFs are “the best way for everyone to invest in everything.” ETFs make getting exposure to commodities as simple as buying individual stocks, Rogers added.

Thursday, January 24, 2013

Running out of farms around the world

All over the world farms and farmers are a dying breed. We are running out of farms. Young people are going into media, sales, doing anything but agriculture. This will drive agriculture up and will really drive up food prices over the long term.

If you need to buy the farmland, buy in places like Uruguay where prices are still properly priced. Also you want to make sure you buy farmland where it rains.

Wednesday, January 9, 2013

Breaking news: Jim Rogers 2013 forecasts


Jim Rogers thinks that the world has a real fundamental problems that need to be addressed. It may happen 1 year from now or 10 years from now. All we care about is what is happening right now.

The 2013 forecast are
- The market is going to start to realize the extent of the problems in the fall of 2013.
- Caution on gold because it has been up for 12 years in a row which is very unusual. He expects gold to go up over the medium term but believes a correction is inevitable.
- Real estate investors to be careful because interest rates are going to go considerably higher.
- Besides the developed markets, there are some interesting developing countries that could be worth investing in such as Myanmar, Angola, Tanzania and Ethiopia.

Thursday, January 3, 2013

It's possible that gold's correction is going to continue for a while longer


Recently quoted on CNBC legendary investor Jim Rogers says
"Gold on any kind of historic market basis is overdue for a nice correction,"

"It's been correcting for 15-16 months now, which is normal in my view. It's possible that gold's correction is going to continue for a while longer."

Tuesday, January 1, 2013

Rogers holds to China and chinese stocks

Jim Rogers is bullish on China but doesnt see a big bounce in 2013.

He says he’s bought Chinese shares only a few times over the past 13 years—in 1999, 2005, and 2008—and he’s not buying now. He isn’t selling, either.

His China strategy “is different from any other investment I have,” he says. Eventually his Chinese holdings will prove valuable, albeit most likely long after he’s left the scene. “My children, someday 50 to 80 years from now, will say, ‘He must have been a smart old man. Look at all this money we have from those shares.’ ”

Jim Rogers

Warren Buffett

Nouriel Roubini