May 30, 2009
Buy The Chinese Currency
The renminbi is eventually going to be the next reserve currency of the world. Twenty years from now, perhaps fifteen years from now, the Chinese are opening up there currency more and more every month, every year. And that’s going to continue ... who knows how high it will go.
May 29, 2009
China and India Stocks
China remains a better investment opportunity than India, said investor Jim Rogers, adding the new government will have to deliver reforms for that to change.
“I’ve heard the same thing for the last 30 years,” Rogers told an Economist Conferences forum in Singapore yesterday, saying he’s skeptical of pledges.
Still, India will be “the next great investment” if Singh sticks to his commitments, Rogers said.
“I’ve heard the same thing for the last 30 years,” Rogers told an Economist Conferences forum in Singapore yesterday, saying he’s skeptical of pledges.
Still, India will be “the next great investment” if Singh sticks to his commitments, Rogers said.
May 28, 2009
Gold Prices, Silver and Currencies
Topics:
- Gold price direction in the short term;
- Silver outlook;
- Agriculture commodities;
- Currency ETF`s;
- Indian stock market;
May 27, 2009
Will Stocks Hit a New Bottom?
Stock markets may hit new lows, this year or the next, as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved. The bottom will probably come later this year, next year, who knows when.
May 26, 2009
Buying Chinese Renminbi
I own the Chinese renminbi. It's not that easy to buy and sell the renminbi because it'sa blocked currency. But I own it and every chance I get to get some more renminbi, I do so.
May 25, 2009
Stock Market May Hit New Lows
The stock market may hit new lows this year or the next as the current rally has been largely caused by the money printed by central banks and fundamental problems remain unsolved, legendary investor Jim Rogers told CNBC.
"The bottom will probably come later this year, next year, who knows when."
"The bottom will probably come later this year, next year, who knows when."
May 23, 2009
Jim Rogers on Sky News: Will The US Debt Be Downgraded?
Leading American investor Jim Rogers is certain Britain's economy will be downgraded in the forseeable future.
Speaking exclusively to Sky News Business, his gloomy outlook comes just a day after premier ratings agency Standard and Poor's revision of Britain's AAA rating to a negative outlook.
"Of course it's going to come, it's going to come in the US as well," Mr Rogers told Sky's Nina de Roy.
"The US should be downgraded already if you ask me, and the UK as well."
Singapore-based Mr Rogers, 66, has generated billions for his clients investing with hedge fund legend George Soros - who later made a billion betting against the pound.
"Both the US and the UK unfortunately both have gigantic debts, and both sets of politicians are making mistakes," Mr Rogers said. "They're pouring huge amounts of money into the economy which is going to make some things look better for some people for a while, but it won't last."
Crucially, Mr Rogers believes the famous rating agencies are scared of revealing the dire state of American finances.
I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed
"I think the rating agencies are probably afraid to do it because Congress will come down hard on them and maybe the same with the UK," he said, adding that traders know the true state of affairs. It's not going to have that much of an effect because the market knows the situation so it doesn't matter whether I say you're AA or AAA or A."
Although the pound has rallied recently against the dollar, Mr Rogers insists problems are endemic for both currencies.
"We've already had a very nice rally over the last three or four months, if you compare to the US dollar - not necessarily compared to other currencies," he said.
"Even in 1930 the stock market went up 50% on it's way to going down 90%, but rallies are normal and I don't think that it's much more than just a normal kind of rally in a bear market."
Mr Rogers simply cannot get enthused for the pound. "I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed," he said.
The banking system bailouts have saddled both countries and Mr Rogers insists it needs to stop. He added: "The poor US and UK taxpayers have stupendous debts being forced on them and we are going to be faced with gigantic tax and debt problems very, very shortly because of what the politicians in Washington and in Whitehall are doing."
Speaking exclusively to Sky News Business, his gloomy outlook comes just a day after premier ratings agency Standard and Poor's revision of Britain's AAA rating to a negative outlook.
"Of course it's going to come, it's going to come in the US as well," Mr Rogers told Sky's Nina de Roy.
"The US should be downgraded already if you ask me, and the UK as well."
Singapore-based Mr Rogers, 66, has generated billions for his clients investing with hedge fund legend George Soros - who later made a billion betting against the pound.
"Both the US and the UK unfortunately both have gigantic debts, and both sets of politicians are making mistakes," Mr Rogers said. "They're pouring huge amounts of money into the economy which is going to make some things look better for some people for a while, but it won't last."
Crucially, Mr Rogers believes the famous rating agencies are scared of revealing the dire state of American finances.
I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed
"I think the rating agencies are probably afraid to do it because Congress will come down hard on them and maybe the same with the UK," he said, adding that traders know the true state of affairs. It's not going to have that much of an effect because the market knows the situation so it doesn't matter whether I say you're AA or AAA or A."
Although the pound has rallied recently against the dollar, Mr Rogers insists problems are endemic for both currencies.
"We've already had a very nice rally over the last three or four months, if you compare to the US dollar - not necessarily compared to other currencies," he said.
"Even in 1930 the stock market went up 50% on it's way to going down 90%, but rallies are normal and I don't think that it's much more than just a normal kind of rally in a bear market."
Mr Rogers simply cannot get enthused for the pound. "I'm still not that optimistic about sterling or the US dollar, I find both of these currencies terribly flawed," he said.
The banking system bailouts have saddled both countries and Mr Rogers insists it needs to stop. He added: "The poor US and UK taxpayers have stupendous debts being forced on them and we are going to be faced with gigantic tax and debt problems very, very shortly because of what the politicians in Washington and in Whitehall are doing."
Silver And Gold
Silver will do better than gold. It's been beaten down horribly. If you put a gun to my head and said you have to buy one, I would buy silver rather than gold.
May 22, 2009
Governments Flooded The World With Money
Governments have not solved the essential problems that caused the crisis but instead they flooded the world with money. Trying to solve the problem of too much consumption and too much debt with more consumption defies belief and will not work.
May 21, 2009
China, Sri Lanka and India
China and Sri Lanka are better investment opportunities than India even after the Congress party’s biggest election victory in two decades.
I’ve heard the same thing for the last 30 years. Still, India will be the next great investment if Singh sticks to his commitments. You’ve got the wind in your face doing business in India, you’ve got the wind in your back in China.
I see great, cheap opportunities in Sri Lanka because of “dramatic” changes in the country after the end of the war.
Myanmar also offers “enormous” potential for investors, given the country’s location next to India and China and its natural resources.
(in Bloomberg)
I’ve heard the same thing for the last 30 years. Still, India will be the next great investment if Singh sticks to his commitments. You’ve got the wind in your face doing business in India, you’ve got the wind in your back in China.
I see great, cheap opportunities in Sri Lanka because of “dramatic” changes in the country after the end of the war.
Myanmar also offers “enormous” potential for investors, given the country’s location next to India and China and its natural resources.
(in Bloomberg)
Chinese Renminbi, Next Reserve Currency
I own the Chinese renminbi. It's not that easy to buy and sell the renminbi because it’s a blocked currency. But I own it and every chance I get to get some more renminbi, I do so.
The renminbi is eventually going to be the next reserve currency of the world. Twenty years from now, perhaps fifteen years from now, the Chinese are opening up there currency more and more every month, every year. And that’s going to continue ... who knows how high it will go.
China has not made many serious mistakes in the past two to three decades but this is one of them. I don't know why they still have a blocked currency. This is not 1979, it’s not even 1999. It's 2009 and China doesn't need to do that any more.
The renminbi is eventually going to be the next reserve currency of the world. Twenty years from now, perhaps fifteen years from now, the Chinese are opening up there currency more and more every month, every year. And that’s going to continue ... who knows how high it will go.
China has not made many serious mistakes in the past two to three decades but this is one of them. I don't know why they still have a blocked currency. This is not 1979, it’s not even 1999. It's 2009 and China doesn't need to do that any more.
When Will The Rally Come To An End?
I don`t know when the rally will come to an end. Its a very powerful rally. In my experience this kind of rallies last a while. We have seen a bottom, I don`t think we have seen the bottom yet. I don`t know when things will start to go down again. It might be only next year, but I am not buying stocks in the America or anywhere else .
May 19, 2009
Will the IMF Sell Its Gold?
The fact is that IMF is trying to get permission from everybody to sell gold. I don't know it will succeed or not. But if and when IMF sells its gold, gold prices may go to a bottom. Who knows? It may go down to US$700. IMF has got a lot of gold to sell. If it does, I hope I'm brave enough and smart enough to buy more.
May 18, 2009
May 14, 2009
We Are Going To Have A Currency Crisis
As for the dollar, we’re going to have a currency crisis probably this fall or the fall of 2010. It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally.
The U.S. dollar is a very flawed currency.
In the Oil Trader`s Blog run by an hedge fund manager you there is a very good article about what are elements of sucessful trading and investing.
The U.S. dollar is a very flawed currency.
In the Oil Trader`s Blog run by an hedge fund manager you there is a very good article about what are elements of sucessful trading and investing.
May 13, 2009
A Dollar Crisis Looming?
Beware, says Jim Rogers, the dollar’s rally is set to end in a “currency crisis”, probably this autumn or the autumn of 2010. Having savaged the UK economy, the floundering pound and the US economy and its crumbling institutions so far this year, the talkative investor has now told Bloomberg Television that he may consider adding to his yen holdings, prefers the euro to the dollar or pound, and will bet on a slide in equities after nine weeks of gains.
In fact, he says, he may well avoid equities for the next two to three years, as their recent gains signal a correction.
"A dollar crisis has been building up for a long time”, he noted. “We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”
In fact, he says, he may well avoid equities for the next two to three years, as their recent gains signal a correction.
"A dollar crisis has been building up for a long time”, he noted. “We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”
May 12, 2009
The Stock Market and The Economy Will Be Slow For a While
The markets have already looked ahead. We had one of the strongest rallies in the stock market history.
Everybody has looked ahead to December, already. If you ask me, things will be slow for a while in the stock market and in the economy. Tell me what is going to make this economy strong enough to justify all this? Most sectors of the economy aren`t recovering.
Everybody has looked ahead to December, already. If you ask me, things will be slow for a while in the stock market and in the economy. Tell me what is going to make this economy strong enough to justify all this? Most sectors of the economy aren`t recovering.
Latest Interview on CNBC
Latest Jim Rogers video interview on Larry Kudlow`s CNBC Show, May 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.
May 7, 2009
These Problems Are Going To Last
I don’t think we’ve hit rock bottom yet, we will have rallies along the way, and nothing goes straight down every day or every month or every year even, If you go back to the 1930’s there were few rallies along the way, even though things did not get better for a long time.
I don’t know when this problem will end, I am afraid it’s going to last for several years mainly because some governments the US and the UK are making a mistake after mistake after mistake, in the 1930’s many governments made mistakes so we had the great depression and the second world war.
The way they are going now, this is going to last for a long time, they are making the same mistakes the Japanese made in the 1990’s by probing up the zombie companies and zombie banks and you are going to see just like in Japan it didn’t work and this is not going to work either.
I don’t know when this problem will end, I am afraid it’s going to last for several years mainly because some governments the US and the UK are making a mistake after mistake after mistake, in the 1930’s many governments made mistakes so we had the great depression and the second world war.
The way they are going now, this is going to last for a long time, they are making the same mistakes the Japanese made in the 1990’s by probing up the zombie companies and zombie banks and you are going to see just like in Japan it didn’t work and this is not going to work either.
Biography Written in Chinese
There is a Chinese journalist who has been doing a huge study of my life it turns out, and she contacted me and said she would like to do a biography and would I agree and would I cooperate, and I said yes.
That’s why it’s done in Chinese, I don’t know if it’s going to be in English or not, it’s not my book, she wrote it. It was written by a Chinese journalist for Chinese audience. It may well be in English someday, I am not translating it, I haven’t even read the book so I don’t know what it says. This is a book about me, not by me.
That’s why it’s done in Chinese, I don’t know if it’s going to be in English or not, it’s not my book, she wrote it. It was written by a Chinese journalist for Chinese audience. It may well be in English someday, I am not translating it, I haven’t even read the book so I don’t know what it says. This is a book about me, not by me.
May 6, 2009
China is Like America 100 years Ago
China is a fascinating place to invest in. China is on the rise, like America 100 years ago, and the problems the Asian giant is encountering right now in certain, mainly export-driven, sectors of its economy will not alter the country’s long-term trajectory.
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.
May 3, 2009
This Rally is Powerful and May Last a While
The rally is awfully powerful and my experience taught me that rallies of this magnitude last longer than anyone expects, especially the skeptics.I am a skeptic but I do not have any shorts at all. I am waiting to see what happens.
Its a powerful rally, we deserve to have a powerful rally after the total collapse we had. Maybe it has a while to go.
Its a powerful rally, we deserve to have a powerful rally after the total collapse we had. Maybe it has a while to go.
May 2, 2009
The IMF Is Desperate to Sell Its Gold
I own some gold, but I am not buying at the moment because the IMF, which is one of the largest owners of gold in the world, is desperate to sell its gold. I’m not selling my gold. The IMF is trying to get permission from everybody.
If and when they sell their gold, they may set a bottom. Who knows? It may go down to US$700. They got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more.
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.
If and when they sell their gold, they may set a bottom. Who knows? It may go down to US$700. They got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more.
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 Radio Interview
Latest Jim Rogers interview on Bloomberg Radio, May 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.
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