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.”
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.”
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.
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.
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.