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:

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."

Jim Rogers

Warren Buffett

Nouriel Roubini