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.

Jim Rogers

Warren Buffett

Nouriel Roubini