March 31, 2009
Should we Buy Gold Stocks or Gold?
There have been thousands of mining companies that have gone to zero but gold can never go to zero.
March 30, 2009
Latest TV Appearance - FOX Business, March 2009
"The only thing I know where fundamentals are improving are commodities"
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
India`s Problem
India’s politicians are one of the major problems, Rogers told the Wharton India Economic Forum via videolink from Singapore.
The country has the single worst bureaucracy in the world. If a person can deal with that, there are fortunes to be made by investing in India, Rogers said.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
The country has the single worst bureaucracy in the world. If a person can deal with that, there are fortunes to be made by investing in India, Rogers said.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Investment Sucesses
Jim Rogers talks to CNN about his earlier Wall Street sucesses and his most pitoresque investments over the years.
He talks about his investments in Botswana and in Peru during their Civil War.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 28, 2009
I am Not Investing in Equity Markets Anywhere
I'm not investing in equity markets anywhere, I mean the world is in serious trouble. Mainly because these guys in Washington don't understand what's going on, they are making it worse.
I would love to invest in equity markets around the world but I cannot find any I want to buy shares in.
The only thing I know where the fundamentals are improving are commodities, I mean this is all good for the fundamentals of commodities.
I would love to invest in equity markets around the world but I cannot find any I want to buy shares in.
The only thing I know where the fundamentals are improving are commodities, I mean this is all good for the fundamentals of commodities.
Latest Interview - FOX Business, March 2009
Latest Jim Rogers video interview. Jim Rogers was live on Fox Business on March 26, 2009.
"The farmers and the miners will be the dominant people in the next decades"
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
"The farmers and the miners will be the dominant people in the next decades"
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 27, 2009
Rembinbi - The Chinese Currency
I expect the rembinbi to go up. It would not surprise me if it went down for a while because there are so many bulls including me but if it goes down I plan to buy more.
Anybody in China who deals with the rest of the worls is suffering. Some parts of China are booming and will continue to boom no matter what, but not everybody.
Anybody in China who deals with the rest of the worls is suffering. Some parts of China are booming and will continue to boom no matter what, but not everybody.
March 26, 2009
Civil and Social Unrest
I know they are already having some protests in China. There are protests in many parts of the world, the government of Iceland failed, the government of Latvia failed. You are going to see social and civil unrest everywhere including in the United States.
We are in peril times, the economy in the world is going to be bad for another 2, 3 years. That is going to lead, it always has led to problems.
We are in peril times, the economy in the world is going to be bad for another 2, 3 years. That is going to lead, it always has led to problems.
March 24, 2009
It is Better that AIG goes Bankrupt then the Whole US
It is better that AIG goes bankrupt and we have a horrible two or three years than that the whole U.S. goes bankrupt.
The Japanese tried bailouts and it didn’t work. They propped up bankrupt companies like AIG and business activity collapsed. They called them “zombie” companies. AIG is a bankrupt zombie company.
The Japanese tried bailouts and it didn’t work. They propped up bankrupt companies like AIG and business activity collapsed. They called them “zombie” companies. AIG is a bankrupt zombie company.
Latest Interview - Asia One Business
Q: Are you a spender or saver?
I'm more likely a saver. My wife has a Mercedes-Benz convertible, but I don't own a car. I would rather take a taxi. I have a very simple lifestyle, so I rarely buy new clothes. I don't need a lot to be happy. What I spend money on are my family and kids. In my younger days, I saved as much as I could because I was trying to invest.
I married young, in my 20s. I told my first wife then, whenever she wanted to buy a TV set or a new sofa, that if we could save and invest well, we could have 10 sofas.
Q: How much do you charge to your credit cards every month?
I don't know how much my credit card bills come to, but I always pay them off every month. Every week or fortnight, I withdraw $500 to $600 in cash from the ATM.
Q: What financial planning have you done for yourself?
My investments are spread out in commodities, currencies, stocks and bonds all over the world. Right now, I'm more invested in currencies, partly because of the commodities I buy. Recently, I put money in the yen as I believe it will appreciate.
I'm into agricultural commodities, such as cotton, which I invest in through the Rogers International Commodity Index. For stocks, I invest in Chinese companies listed here and in Hong Kong. The returns pay my bills and make money. I have life insurance and the money will go to the family when I die. I have a few million dollars in life coverage.
Q: Moneywise, what were your growing-up years like?
I am the oldest of five sons. My dad managed a chemical firm and my mother was a homemaker. My parents taught me to work hard, that money is not easy to get, and to save for the future. Maybe that's why I'm not much of a spender.
Q: How did you get into investing?
I knew zilch about it until I got a research job on Wall Street for the summer after graduating from Yale in 1964. It paid me a lot to know what was happening in the world and what would happen next. I thought it was wonderful and decided to go into the investing business.
Q: What property do you own?
I am a very simple person. I don't own any property currently. I'm looking for one in Singapore. We're searching for the perfect place but we haven't found it yet. I expect prices to continue to drop.
Q: What's the most extravagant thing you have bought?
Paige's engagement ring, which I bought in 1998. I paid a six-digit figure for it. We were married on Jan 1, 2000.
Q: You retired in 1980. What takes up your time now?
My family and children occupy a lot of my time. I make speeches - about everything from travel and politics to investing - around the world. Last year, I had speaking engagements at least once a week. I hope there are fewer this year. I want to spend more time with my kids.
Q: What about giving money to charity?
I give to various causes, some in Singapore, but I do so anonymously. Most are for education. In my will, I've set up grants and scholarships for students.
Q: Home is now...?
I just moved into a 6,400 sq ft bungalow in Bukit Timah.
I'm more likely a saver. My wife has a Mercedes-Benz convertible, but I don't own a car. I would rather take a taxi. I have a very simple lifestyle, so I rarely buy new clothes. I don't need a lot to be happy. What I spend money on are my family and kids. In my younger days, I saved as much as I could because I was trying to invest.
I married young, in my 20s. I told my first wife then, whenever she wanted to buy a TV set or a new sofa, that if we could save and invest well, we could have 10 sofas.
Q: How much do you charge to your credit cards every month?
I don't know how much my credit card bills come to, but I always pay them off every month. Every week or fortnight, I withdraw $500 to $600 in cash from the ATM.
Q: What financial planning have you done for yourself?
My investments are spread out in commodities, currencies, stocks and bonds all over the world. Right now, I'm more invested in currencies, partly because of the commodities I buy. Recently, I put money in the yen as I believe it will appreciate.
I'm into agricultural commodities, such as cotton, which I invest in through the Rogers International Commodity Index. For stocks, I invest in Chinese companies listed here and in Hong Kong. The returns pay my bills and make money. I have life insurance and the money will go to the family when I die. I have a few million dollars in life coverage.
Q: Moneywise, what were your growing-up years like?
I am the oldest of five sons. My dad managed a chemical firm and my mother was a homemaker. My parents taught me to work hard, that money is not easy to get, and to save for the future. Maybe that's why I'm not much of a spender.
Q: How did you get into investing?
I knew zilch about it until I got a research job on Wall Street for the summer after graduating from Yale in 1964. It paid me a lot to know what was happening in the world and what would happen next. I thought it was wonderful and decided to go into the investing business.
Q: What property do you own?
I am a very simple person. I don't own any property currently. I'm looking for one in Singapore. We're searching for the perfect place but we haven't found it yet. I expect prices to continue to drop.
Q: What's the most extravagant thing you have bought?
Paige's engagement ring, which I bought in 1998. I paid a six-digit figure for it. We were married on Jan 1, 2000.
Q: You retired in 1980. What takes up your time now?
My family and children occupy a lot of my time. I make speeches - about everything from travel and politics to investing - around the world. Last year, I had speaking engagements at least once a week. I hope there are fewer this year. I want to spend more time with my kids.
Q: What about giving money to charity?
I give to various causes, some in Singapore, but I do so anonymously. Most are for education. In my will, I've set up grants and scholarships for students.
Q: Home is now...?
I just moved into a 6,400 sq ft bungalow in Bukit Timah.
March 23, 2009
New Book: A Gift to My Children: A Father's Lessons for Life and Investing
Jim Rogers`s new book will be released on Amazon on April 28. Its a 112 page book, about how to find success and happiness.
This is Amazon`s editorial review:
"He’s the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademark candor and confidence, but this time he adds paternal compassion, protectiveness, and love. Rogers reveals how to learn from his triumphs and mistakes in order to achieve a prosperous, well-lived life. For example:
• Trust your own judgment: Rogers sensed China’s true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth.
• Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing.
• Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford.
• See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China.
• Nothing is really new: anything deemed “innovative” or “unprecedented” is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it
• And not a bit off the subject, and very important: Boys will need you more than you’ll need them!
Wise and warm, accessible and inspiring, A Gift to My Children is a great gift for all those just starting to invest in their futures."
About the Author
Jim Rogers co-founded the Quantum Fund before he turned 30 and retired at age thirty-seven. Since then, he has served as a sometime professor of finance at Columbia University’s business school, and as a media commentator worldwide. He is the author of A Bull in China, Hot Commodities, Adventure Capitalist, and Investment Biker. He recently moved to Asia with his wife and daughters.
This is Amazon`s editorial review:
"He’s the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademark candor and confidence, but this time he adds paternal compassion, protectiveness, and love. Rogers reveals how to learn from his triumphs and mistakes in order to achieve a prosperous, well-lived life. For example:
• Trust your own judgment: Rogers sensed China’s true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth.
• Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing.
• Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford.
• See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China.
• Nothing is really new: anything deemed “innovative” or “unprecedented” is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it
• And not a bit off the subject, and very important: Boys will need you more than you’ll need them!
Wise and warm, accessible and inspiring, A Gift to My Children is a great gift for all those just starting to invest in their futures."
About the Author
Jim Rogers co-founded the Quantum Fund before he turned 30 and retired at age thirty-seven. Since then, he has served as a sometime professor of finance at Columbia University’s business school, and as a media commentator worldwide. He is the author of A Bull in China, Hot Commodities, Adventure Capitalist, and Investment Biker. He recently moved to Asia with his wife and daughters.
March 22, 2009
China and India
India and China offer “spectacular opportunities” for investors, said investor Jim Rogers, chairman of Singapore-based Rogers Holdings and the author of books including “Hot Commodities,” “Investment Biker” and “Adventure Capitalist.”
India’s politicians are one of the “major problems,” Rogers told the Wharton India Economic Forum via videolink from Singapore.
The country has the “single worst bureaucracy in the world.” If a person can deal with that, “there are fortunes” to be made by investing in India, Rogers said.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
India’s politicians are one of the “major problems,” Rogers told the Wharton India Economic Forum via videolink from Singapore.
The country has the “single worst bureaucracy in the world.” If a person can deal with that, “there are fortunes” to be made by investing in India, Rogers said.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 21, 2009
Jim Rogers explains why he moved to Singapore and Why the World`s Future lies in Asia
Jim Rogers explains why he moved to Singapore and why the world`s future lies in Asia.
Second part of Jim Rogers interview in Singapore. Singapore has the largest foreign exchange reserves per capita in the world.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 20, 2009
There isn`t a Sound Currency
I cannot find any currency that I feel it is going to be a sound currency. Even Singapore, which insists in having a sound currency has the problem, if they have a sound currency and everybody debases theirs they will go out of business.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Latest Bloomberg Interview, March 2009
Video 1
Video 2
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Video 4
Jim Rogers talks about commodities, currencies and stock markets on Bloomberg TV.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Video 2
Video 3
Video 4
Jim Rogers talks about commodities, currencies and stock markets on Bloomberg TV.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 19, 2009
AIG Bonuses and Dead Companies
The idea that they are spending over a billion dollars on bonuses at AIG is complete insanity. They should of let them go bankrupt, so they did not have to pay anybody anything.
These are bankrupt companies, you don`t throw money into a bankrupt company. You give the money to competent people who can start over from a sound and solid base. You don`t try to prop up dead companies.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
These are bankrupt companies, you don`t throw money into a bankrupt company. You give the money to competent people who can start over from a sound and solid base. You don`t try to prop up dead companies.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Americans are huge debtors, so we don`t have the money to spend
Its great if you take a trillion dollars from one pocket and put it in another pocket. If you own the pocket where the trillion dollars enters, you think this is wonderful.
But the trillion has to come from somewhere and you have to borrow it, tax it or print it. Unfortunetely americans are huge debtors, so we don`t have the money to spend.
But the trillion has to come from somewhere and you have to borrow it, tax it or print it. Unfortunetely americans are huge debtors, so we don`t have the money to spend.
March 18, 2009
When is it time to buy the Financials?
Normally when something like this happens the last thing to come out of it is the thing that led the problem going in. Five, six, seven or ten years from now you might start a new rise.
That is not to say you can`t have huge trading rallies and make a lot of money if you are nimble and quick.
Historically you don`t buy these things until they have cleaned themselves out and it takes a long, long time.
That is not to say you can`t have huge trading rallies and make a lot of money if you are nimble and quick.
Historically you don`t buy these things until they have cleaned themselves out and it takes a long, long time.
Bloomberg Video Interview, March 2009
"We are going to have civil unrest in the US, we are already having civil unrest in many places. This is going to be a mess, be prepared. I hope I am wrong, but be prepared" JIM ROGERS, Bloomberg, March 17, 2009.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
The price of oil has to go much, much higher
Oil prices may advance to record levels in the future because of depleting reserves and a lack of major field discoveries. Reserves of oil are going down all over the world.
The price of oil has to go much, much higher.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
The price of oil has to go much, much higher.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 17, 2009
Bloomberg Latest Interview
Latest Jim Rogers video interview on Bloomberg Asia.
Jim Rogers talks about the bailouts, recession and agriculture.
"It may take 7 to 8 years to clean the system"
"I am still short investment banks, JP Morgan and IBM"
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers talks about the bailouts, recession and agriculture.
"It may take 7 to 8 years to clean the system"
"I am still short investment banks, JP Morgan and IBM"
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 16, 2009
In my view it is a rally in a Bear Market
In my view it is a rally in a bear market. Unfortunately that is the conventional wisdom these days, but I can`t see how it can be more than just a rally in a bear market.
The world is in serious trouble and there are more banrupcies and more failures to come. that does not mean we can`t have a rally for a few days, weeks or even months. But this problem is not over yet and the american government is making it worse by putting so much money on the wrong things.
The world is in serious trouble and there are more banrupcies and more failures to come. that does not mean we can`t have a rally for a few days, weeks or even months. But this problem is not over yet and the american government is making it worse by putting so much money on the wrong things.
Audio Interview - Jim Rogers Podcast
Jim Rogers live from Singapore, 14 March, 2009.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Is this the Bottom for the Stock Market?
I don't think the bottom is here, maybe 'a' bottom, but not 'the' bottom. The economy is going to get worse. You can't have a good stock market without a good economy.
March 14, 2009
"I am Short JP Morgan"
I’m short JP Morgan. They have a gigantic derivatives position. Their off-balance-sheet derivative positions are among the top three in the world, if not the largest. The bank’s credit-card loans also are a disaster waiting to happen.
There are plenty of reasons to short JP Morgan, but that doesn’t mean it can’t rally for a while, and it probably will.
I don’t think it’s in good shape (the US banks). They should have a good rally after their huge declines. But are they sound again? Absolutely not.
“I don’t see how there can be much more (then a bear market rally). The world is in serious trouble. There are more bankruptcies and failures to come.
That doesn’t mean the rally is over. It could last a few days, weeks, or even months.
But this problem isn’t over yet, and the American government is making it worse by spending obscene amounts of money on the wrong thing.
There are plenty of reasons to short JP Morgan, but that doesn’t mean it can’t rally for a while, and it probably will.
I don’t think it’s in good shape (the US banks). They should have a good rally after their huge declines. But are they sound again? Absolutely not.
“I don’t see how there can be much more (then a bear market rally). The world is in serious trouble. There are more bankruptcies and failures to come.
That doesn’t mean the rally is over. It could last a few days, weeks, or even months.
But this problem isn’t over yet, and the American government is making it worse by spending obscene amounts of money on the wrong thing.
Many Reasons to Bet Against JP Morgan
Jim Rogers tells Bloomberg that there are many reasons to Bet Against JPMorgan.
Are banks sound again? Absolutely not. I am short JP Morgan, I used to be short Citigroup but I have covered that position.
Are banks sound again? Absolutely not. I am short JP Morgan, I used to be short Citigroup but I have covered that position.
March 13, 2009
China Is Spending Money on the Right Things
The chinese economy is about 20% of the size of the US economy, I mean its impossible for them to pull us out of this.
Europe and America alone are 10 times as big as the chinese economy. Europe and America are bigger then all Asia economy put together. So, there is no way China can pull us out of this.
They can help, and they can help themselves and they are, but what they are doing may turn out to be good things for China.
I certainly expect China to come out of the recession sooner then the US, after all China has gigantic savings, reserves, they have the largest foreign exchange reserves in the world.
They have saved all that for a rainy day and now they are starting to spend it. For waht I can gather, they seem to be spending the money on the right things: infrastructure, projects that will help them to be more competitive if and when we get out of this crisis.
Europe and America alone are 10 times as big as the chinese economy. Europe and America are bigger then all Asia economy put together. So, there is no way China can pull us out of this.
They can help, and they can help themselves and they are, but what they are doing may turn out to be good things for China.
I certainly expect China to come out of the recession sooner then the US, after all China has gigantic savings, reserves, they have the largest foreign exchange reserves in the world.
They have saved all that for a rainy day and now they are starting to spend it. For waht I can gather, they seem to be spending the money on the right things: infrastructure, projects that will help them to be more competitive if and when we get out of this crisis.
March 12, 2009
Audio Interview, March 12, 2009
Jim Rogers audio interview to an Australia media, March 12, 2009.
Topics: Warren Buffett, Stimulus Package, Inflation, Tax Cuts, Savings, Great Depression
"You are going to see inflation, the fall of the dollar and social unrest"
March 11, 2009
Government Bonds and Money Printing
Governments are printing money everywhere, borrowing stupendous amounts. Throughout history that has led to problems in the bond markets, and it will this time too.
The government is borrowing stupendous amounts that will send Treasury yields higher.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
The government is borrowing stupendous amounts that will send Treasury yields higher.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
The farmers are going to have the Lamborghinis in the future
We're having a shift to people who produce real goods. Those are the people who are going to be in charge. The farmers are going to have the Lamborghinis in the future, not the brokers on Wall Street.
March 10, 2009
The World is in Serious Trouble
The world is in serious trouble and american politicians and european politicians are making it much worse. This has a long way to go. I don`t particularly like to say this but it is going to be the worst recession since the 1930`s.
Bloomberg, March 2009
Bloomberg, March 2009
Latest Jim Rogers Video Interview, March 09, 2009 in Bloomberg
PART 1
PART 2
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
PART 2
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Water Treatment Stocks in China
Things like water treatment stocks in China have to boom.They have a horrible water problem. Agriculture in China has to boom, they are spending huge amounts of money to revitalize agriculture.
I hope that I find industries in China that are going to do well no matter whan happens.
I hope that I find industries in China that are going to do well no matter whan happens.
China Will Come Out of the Recession First
I certainly expect China to come out of it the recession sooner than the US. They seem to be spending money on the right things.
China is doing a far better job than others.
China is doing a far better job than others.
March 9, 2009
US Government Bonds
I am waiting to short them again. I have no idea when. U.S. government bonds are going to be one of the great shorts of our time somewhere down the road.
He’s setting things up for a gigantic fall down the line, but that does not mean Bernanke can’t drive long-term interest rates to zero. Governments are printing money everywhere, borrowing stupendous amounts. Throughout history that has led to problems in the bond markets, and it will this time too.
He’s setting things up for a gigantic fall down the line, but that does not mean Bernanke can’t drive long-term interest rates to zero. Governments are printing money everywhere, borrowing stupendous amounts. Throughout history that has led to problems in the bond markets, and it will this time too.
US Economic Recovery
I don't see the US economy getting better for a long time. I hope the US recovers in two years. That will be good news. It could be 10 years.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 8, 2009
Gold and Silver Outlook, March 2009
I own both Gold and Silver. If gold goes down for whatever reason then I will buy more.
The IMF is trying to sell its gold. They are the second or third largest holder in the world. If the IMF sells their gold it is going to drive the price of gold down a lot.
If it happens I would urge everybody to buy as much as they can. This may be a temporary top, but I plan to buy more if it goes down.
I own silver. I expect to make more in silver than in gold, but I think I am going to make more on agriculture related commodities then in both going forward.
There is a good article about the Gold to Oil Ratio here.
The IMF is trying to sell its gold. They are the second or third largest holder in the world. If the IMF sells their gold it is going to drive the price of gold down a lot.
If it happens I would urge everybody to buy as much as they can. This may be a temporary top, but I plan to buy more if it goes down.
I own silver. I expect to make more in silver than in gold, but I think I am going to make more on agriculture related commodities then in both going forward.
There is a good article about the Gold to Oil Ratio here.
March 7, 2009
Link to the Peter Schiff Blog
Here is the Link to the Peter Schiff Blog, another economist from the Austrian School.
In Peter Schiff`s Blog you can read all his market related commentary and his media appearances on TV and in the press.
In Peter Schiff`s Blog you can read all his market related commentary and his media appearances on TV and in the press.
India Outlook
If you think India internally has enough savings and investments to come out of all this, then some parts of India will do very well. I don`t see it that way in India. You have a government that it is not pro business or pro making money. They like people to make money in India. I don`t see any good reason to buy shares in India or anywhere.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market. This is a transcript of a video interview to NDTV in India.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market. This is a transcript of a video interview to NDTV in India.
March 6, 2009
China`s Water Problem
What worries me in China, I mean revolution, civil war, famine, none of that worries me.
What worries me is water. Because if they run out of water, and they have a stupendous water problem, then it is the end of the story.
You can survive a war, you can survive an epidemic but you cannot survive if the water runs out. THen you have to leave.
India even has a worse water problem than China.
Things like water treatment stocks in China have to boom.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
What worries me is water. Because if they run out of water, and they have a stupendous water problem, then it is the end of the story.
You can survive a war, you can survive an epidemic but you cannot survive if the water runs out. THen you have to leave.
India even has a worse water problem than China.
Things like water treatment stocks in China have to boom.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
I haven’t bought any Chinese stocks since November
I haven’t bought any Chinese stocks since November and haven’t sold anything either. I’m waiting for cheaper prices. I’m not buying Chinese shares at these levels.
Commodities are the only sector in the world where the fundamentals are improving.
Commodities are the only sector in the world where the fundamentals are improving.
Oil Prices - CNBC, March 5 2009
Oil reserves are going down.
Everybody wants to buy low and sell high. That why the chinese are buying oil now.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 5, 2009
China Cannot Pull the World Economy “Out of the Hole”
China cannot pull the world economy “out of the hole” through its stimulus spending alone and the global recession is not going to end anytime soon. China can’t solve the world’s problems. China is a wonderful and growing economy but it cannot pull the world out of the hole.
(transcript from a Bloomberg phone interview, march 5, 2009)
(transcript from a Bloomberg phone interview, march 5, 2009)
Civil and Social Unrest
You are starting to see civil and social unrest, look at Iceland, look at Latvia, look at Greece.
We are talking about countries that are reasonably well developed. We are already seeing social unrest in many countries that are considered prosperous or rich.
When you have serious economic unrest you get civil unrest. We are going to see it again.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
We are talking about countries that are reasonably well developed. We are already seeing social unrest in many countries that are considered prosperous or rich.
When you have serious economic unrest you get civil unrest. We are going to see it again.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 4, 2009
US Stocks May Rebound, But Will not Last
U.S. stocks may rally because of the enormous amount of money the government is pumping into the U.S. economy, but it's not going to last.
I don't think the bottom is here, maybe 'a' bottom, but not 'the' bottom. The economy is going to get worse. You can't have a good stock market without a good economy.
I don't think the bottom is here, maybe 'a' bottom, but not 'the' bottom. The economy is going to get worse. You can't have a good stock market without a good economy.
March 3, 2009
Buying Brazilian and Canadian Farmland - CNBC, March, 3 2009
I am buying greenfield land in Brazil and existing farms in Canada and starting to farm it. The funds are clearing the land, fertilizing it, irrigating it and hiring farmers and some day will probably sell the land but that is a remote prospect.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Buy Agriculture. People are still going to Eat
We're still going to eat, probably; we're still going to wear clothes, probably. Farmers cannot get loans for fertilizers right now. So the supplies of everything are going to continue to be under pressure.
If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years.
Food inventories are at their lowest in 50 years. Even if demand goes flat or down, as it did in the 30s, as it did in the 70s, you can still have a nice market in oil and metals.
You're supposed to buy when they're collapsing. I expect to own commodities for years, for a long time.
If I'm right, agriculture is going to be one of the greatest industries in the next 20 years, 30 years.
Food inventories are at their lowest in 50 years. Even if demand goes flat or down, as it did in the 30s, as it did in the 70s, you can still have a nice market in oil and metals.
You're supposed to buy when they're collapsing. I expect to own commodities for years, for a long time.
Social Unrest in China
There is no question that already is some social unrest in China am I am sure you are going to see more going forward because these are peril times economically around the world.
Any part of the chinese economy that deals with the west, specially retail, knows that something is wrong right now. Some parts of the chinese economy and some parts of the indian economy are going to do extremely well going forward. But for the most part you are going to have problems.
China has huge reserves, they are the largest creditor nation in the world right now. Will that prevent problems? Off course not. They are going to have problems too.
But think about where the money is. The largest creditor nations in the world are China, Japan, Korea, Taiwan, Hong Kong, Singapore. The money is in Asia now.
And through out history the center of things has moved to where the money is. It is pretty simple stuff. This is not ideological, this is the way history has always worked.
Any part of the chinese economy that deals with the west, specially retail, knows that something is wrong right now. Some parts of the chinese economy and some parts of the indian economy are going to do extremely well going forward. But for the most part you are going to have problems.
China has huge reserves, they are the largest creditor nation in the world right now. Will that prevent problems? Off course not. They are going to have problems too.
But think about where the money is. The largest creditor nations in the world are China, Japan, Korea, Taiwan, Hong Kong, Singapore. The money is in Asia now.
And through out history the center of things has moved to where the money is. It is pretty simple stuff. This is not ideological, this is the way history has always worked.
Latest CNBC Video Interview, March 2009
Suppose AIG goes bankrupt, it is better that AIG goes bankrupt and we have a horrible two or three years than that the whole US goes bankrupt. AIG has trillions of dollars of obligations, let them fail, let the courts sort it out and start over. Otherwise we'll never start over.
I think it's astonishing, they're ruining the US economy, they're ruining the US government, they're ruining the US central bank and they're ruining the US dollar. You are watching something in front of our eyes, very historically, which is basically the destruction of New York as a financial center and the destruction of America as the world's most powerful country.
The idea that you have too much debt, too much borrowing and too much consumption and you're going to solve that problem with more debt, more consumption and more borrowing? These people are nuts.
Wall Street and the City of London are going to be disastrous for years, like in the 1950s and 1960s, and in 30 years, finance will dry up and wither away as we are entering a long period of hard times.
Power is shifting now from the money shifters, the guys who trade paper and money, to people who produce real goods. What you should do is become a farmer, or start a farming network.
Farming in India
I know that being a farmer in India is a nightmare because of the government. But in many countries farming is going to be a fantastic industry in the future.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 2, 2009
Interview on Dateline, Australian TV
Jim Rogers talks to an Australian TV Channel about the world`s financial and economic situation. This is his latest video interview.
Jim Rogers is a legendary investor known for his ability to predict major long term trends in several markets. Jim trades and tracks commodities, stocks, futures and interest rates all over the world. Jim has travelled extensively around the world and has written some of the best investment books available for traders. His latest book is a Bull in China, a book about the chinese stock market.
March 1, 2009
Learn to Sell Short Stocks
You can learn to sell short. I am starting shorting stocks again in the United States. I have covered in October, November with the thought there was going to be a big rally.
But now it is very clear that these people in Washington have no clue, zero, on what is going on.
So I have started selling short in the United States. That is one way to play it.
But now it is very clear that these people in Washington have no clue, zero, on what is going on.
So I have started selling short in the United States. That is one way to play it.
What Currency should you Own?
What kind of cash? If you owned Iceland Krona you would have been wiped out. You have to own the right kind of cash. Cash is an alternative for people who don`t want to try to do anything.
I still own my US dollars. I plan to get out of the US dollar some time this year. It seems that the short covering rally, it is an artificial rally, people are forced to cover their shorts in the US dollar and there were huge short positions.
I still own my US dollars. I plan to get out of the US dollar some time this year. It seems that the short covering rally, it is an artificial rally, people are forced to cover their shorts in the US dollar and there were huge short positions.
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