I own the yen, so I am optimistic about the yen. I wouldn`t buy government bonds in Japan, those bonds have to go down, have to go down a lot. I do own some japanese shares. This new government saysthey are going to make dramatic changes, if they do, some people are going to benefit, some people are going to suffer. If they do some of the things they say, they are going to have more babies. I own baby stocks in japan.
in Bloomberg
October 29, 2009
The US Dollar Is Overdue For A Rally
"The dollar is overdue for a rally. Everybody in the world is pessimistic on it, including me" in Bloomberg
October 28, 2009
Latest Bloomberg Interview, October 28
Video Interview LINK
Topics: Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Bernard Lo about the outlook for the U.S. dollar, Gold, Stocks and Treasuries. (Source: Bloomberg)
Topics: Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Bernard Lo about the outlook for the U.S. dollar, Gold, Stocks and Treasuries. (Source: Bloomberg)
The Rally in The Dollar May Last For A While
“Everybody is pessimistic on the dollar. Whenever you have everybody on the same side of the boat, you know what you have to do. We may have a rally in the dollar, a decline in commodity prices or stock prices for a while.
The dollar is overdue for a rally.”
in Bloomberg.com, October 28
The dollar is overdue for a rally.”
in Bloomberg.com, October 28
October 26, 2009
Chinese Video Interview: CCTV
Video interview on Chinese TV, CCTV.
"We have inflation in the world and is going to become much worse" Jim Rogers
Shorting US Government Bonds In The Next Year Or Two
"The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short bonds right now because the government keeps driving them up—I don't know how long they're going to do it—but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing."
Related assets: ProShares UltraShort 20+ Year Trea (ETF), NYSE: TBT
Related assets: ProShares UltraShort 20+ Year Trea (ETF), NYSE: TBT
October 25, 2009
We`re Going To Be Facing A Much, Much Worse Situation
"What we are doing now is making the situation worse. The idea that you would solve a problem of too much debt and too much consumption with yet more debt and yet more consumption? That defies comprehension, for me. Now, I'm not a politician, or obviously I'd think this was brilliant.
It's making the situation worse, and in two or three years—or maybe even next year—we're going to be facing a much, much worse situation."
in IndexUniverse
It's making the situation worse, and in two or three years—or maybe even next year—we're going to be facing a much, much worse situation."
in IndexUniverse
October 23, 2009
Oil Price Outlook: It's A Lot Higher Than Where It Is Now
Oil has been all over the map in the last year in terms of price. What do you think is its fair value?
Rogers: If I were that smart, I'd be rich, wouldn't I? If you find somebody [who knows], please give him or her my phone number. With commodities, the way the academics talk about it, it's the clearing price—it's the price at which supply and demand come into balance. You're going to have enough coming to market to meet whatever demand there is, and that will be the price. Unfortunately, that price never existed because with open markets, prices fluctuate a lot. I know it's much higher than now because right now oil reserves around the world are declining at a fairly steady rate. At present rate of consumption and production, we won't have any oil in 20 years at any price. So I know it's got to be higher in order to bring out more supplies of energy and to reduce consumption of energy. What is that price? I don't know, but it's a lot higher than where it is now.
Now that doesn't mean that oil can't go down by 50 percent next year. If suddenly the U.K. goes bankrupt, I promise you oil will go down by 50 percent next year, but if America bombs Iran, oil will go up by 100 percent next year. So it depends, but over the next decade, the surprise is going to be how high the price of oil stays and how high it goes.
in IndexUniverse
Rogers: If I were that smart, I'd be rich, wouldn't I? If you find somebody [who knows], please give him or her my phone number. With commodities, the way the academics talk about it, it's the clearing price—it's the price at which supply and demand come into balance. You're going to have enough coming to market to meet whatever demand there is, and that will be the price. Unfortunately, that price never existed because with open markets, prices fluctuate a lot. I know it's much higher than now because right now oil reserves around the world are declining at a fairly steady rate. At present rate of consumption and production, we won't have any oil in 20 years at any price. So I know it's got to be higher in order to bring out more supplies of energy and to reduce consumption of energy. What is that price? I don't know, but it's a lot higher than where it is now.
Now that doesn't mean that oil can't go down by 50 percent next year. If suddenly the U.K. goes bankrupt, I promise you oil will go down by 50 percent next year, but if America bombs Iran, oil will go up by 100 percent next year. So it depends, but over the next decade, the surprise is going to be how high the price of oil stays and how high it goes.
in IndexUniverse
October 22, 2009
"The Only Bubble I See Developing In The World Right Now Is In Long-Term Government Bonds In The United States"
Commodities are the only place I know where the fundamentals are improving. The fundamentals at Citibank are not improving; the fundamentals for commodities continue to improve, and that's where I'm focusing. Perhaps currencies—if you know what the Japanese yen is, you might consider investing there, or the Swiss franc or the Canadian dollar. But other than that, for the most part, I haven't bought any stocks except in China last fall.
The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short bonds right now because the government keeps driving them up—I don't know how long they're going to do it—but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing.
The only bubble I see developing in the world right now is in long-term government bonds in the United States. The idea that somebody would lend money to the United States for 30 years in U.S. dollars at 4 or 5 or 6 percent interest is incomprehensible to me. I'm not short bonds right now because the government keeps driving them up—I don't know how long they're going to do it—but I do suspect and hope that sometime in the next year or two, I'll be shorting U.S. government bonds, because that's the only bubble I see developing.
Commodities And Commodity Stocks
Studies show, in my experience, that commodities themselves outperform commodity stocks. In the ‘70s, oil prices went up 10 times; commodity oil stocks did nothing. With stocks you have to worry about the management and the balance sheet—a hundred things. Commodities are pretty dumb: If there's too much oil, the price is going to go down; if there's too little, it's going to go up. Oil doesn't care who the head of the Federal Reserve is; it doesn't care what laws Congress passes, for the most part. But if you're Exxon, you've got to worry about that stuff.
The studies show that you would've made 300 percent more investing in commodities themselves over the past several decades than in commodity stocks, but if you know a company that's going to discover a lot of natural gas in Berlin, you buy all you can. Then you call me. Because then you're going to make a lot more money than in commodities themselves.
in MarketOracle
The studies show that you would've made 300 percent more investing in commodities themselves over the past several decades than in commodity stocks, but if you know a company that's going to discover a lot of natural gas in Berlin, you buy all you can. Then you call me. Because then you're going to make a lot more money than in commodities themselves.
in MarketOracle
October 21, 2009
Contango in Commodities: Is It A Problem?
I do notice the press has suddenly learned how to spell "contango," and even "commodities."
I've seen it come and go. Certainly when you deal in a commodity that is in contango, it makes it more difficult. However, if a commodity is in contango and the basic price is going through the roof, you're still going to make a lot of money. But I've seen contango come and go. From my point of view, as a passive investor, I really don't pay attention because there's usually something in backwardation and something else in contango, and they come and go over time. According to studies, they haven't had that much difference.
But if you're really smart and you can invest away from contango or can invest with contango and know how to do it, you'll make a lot more money. And there are people who think they are really smart and are trying to do that right now. I'm not smart enough to do it, so I just continue to invest in an indexed way with all commodities.
in MarketOracle
I've seen it come and go. Certainly when you deal in a commodity that is in contango, it makes it more difficult. However, if a commodity is in contango and the basic price is going through the roof, you're still going to make a lot of money. But I've seen contango come and go. From my point of view, as a passive investor, I really don't pay attention because there's usually something in backwardation and something else in contango, and they come and go over time. According to studies, they haven't had that much difference.
But if you're really smart and you can invest away from contango or can invest with contango and know how to do it, you'll make a lot more money. And there are people who think they are really smart and are trying to do that right now. I'm not smart enough to do it, so I just continue to invest in an indexed way with all commodities.
in MarketOracle
October 20, 2009
Keys To Success
Jim Rogers' Keys to Success (taken from the titles and sub headings of each chapter of the new book, "A Gift To My Children"):
1. Do not let others do your thinking for you
2. Focus on what you like
3. Good habits for life & investing
4. Common sense? not so common
5. Attention to details is what separates success from failure
6. Let the world be a part of your perspective
7. Learn philosophy & learn to think
8. Learn history
9. Learn languages (make sure Mandarin is one of them)
10. Understand your weaknesses & acknowledge your mistakes
11. Recognize change & embrace it
12. Look to the future
13. “Lady Luck smiles on those who continue their efforts”
14. Remember that nothing is really new
15. Know when not to do anything
16. Pay attention to what everybody else neglects
17. If anybody laughs at your idea view it as a sign of potential success
Favorite Quotes:
“Anything that is a must see, must try, must read, should almost certainly be avoided, especially if it is popular.”
“Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.”
“Learn to stay calm especially in times of pressure or turmoil. You will make much better decisions.”
“Do not get married until you are at least 28 and know a bit more about yourself and the world.”
“Lean to do as much arithmetic and figures as possible in your head.”
1. Do not let others do your thinking for you
2. Focus on what you like
3. Good habits for life & investing
4. Common sense? not so common
5. Attention to details is what separates success from failure
6. Let the world be a part of your perspective
7. Learn philosophy & learn to think
8. Learn history
9. Learn languages (make sure Mandarin is one of them)
10. Understand your weaknesses & acknowledge your mistakes
11. Recognize change & embrace it
12. Look to the future
13. “Lady Luck smiles on those who continue their efforts”
14. Remember that nothing is really new
15. Know when not to do anything
16. Pay attention to what everybody else neglects
17. If anybody laughs at your idea view it as a sign of potential success
Favorite Quotes:
“Anything that is a must see, must try, must read, should almost certainly be avoided, especially if it is popular.”
“Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.”
“Learn to stay calm especially in times of pressure or turmoil. You will make much better decisions.”
“Do not get married until you are at least 28 and know a bit more about yourself and the world.”
“Lean to do as much arithmetic and figures as possible in your head.”
October 19, 2009
Agricultural Commodities Outlook
Most agricultural products are still depressed on a historic basis. The story is not over, not for a while. I don't see any reason it's going to be over for a few years because no one is bringing new supply on stream. A catastrophe is looming. The world is going to have a period when we cannot get food at any price in some parts of the world.”
in Yahoo Finance
in Yahoo Finance
October 18, 2009
Oil And Natural Gas: Price Outlook
“Oil could reach between $150 and $200 a barrel because known reserves of crude are declining. International relations, particularly between the U.S. and Iran, will help guide prices. Natural gas is very cheap,”
Jim Rogers in the interview between sessions at an ETF Securities Ltd. investor conference
Jim Rogers in the interview between sessions at an ETF Securities Ltd. investor conference
October 16, 2009
Food Prices Outlook
"A catastrophe is looming. The world is going to have a period when we cannot get food at any price in some parts of the world."
in Yahoo Finance
in Yahoo Finance
"Korea Makes It Extremely Complicated For Foreigners"
"I have various views on Korea, but do not invest there since Korea makes it extremely complicated for foreigners to invest there. I know Korea says loudly and widely that it welcomes foreign investors but Korea's actions tell a different story. They have driven me away and presumably others as well."
In The Korea Herald
In The Korea Herald
October 15, 2009
TechTicker Video Interview
"I thought things would be worse in New York. It's good to see the economy is better than I thought it was"
Jim Rogers in TechTicker, October 2009
Jim Rogers in TechTicker, October 2009
"The Price Of Rice Is Going To Skyrocket"
“If we start having problems, weather problems, production problems, the price of rice is going to skyrocket over the next decade. When it happens I don’t know. But I know that the fundamentals are ripe.”
October 14, 2009
The Next Bubble To Burst
"The US government bond market will be the next bubble to burst due to unsustainable borrowing."
in Reuters TV
in Reuters TV
October 13, 2009
"It`s Good To See The (US) Economy Is Better Then I Thought it Was"
"I thought things would be worse in New York. It's good to see the economy is better than I thought it was"
watch the full video interview here
watch the full video interview here
Inflation Inevitable: Could Be "Much Worse" Than the 1970s
"Given the Fed's extremely easy policies, runaway government spending and shortages of many commodities, inflation pressures are building and destined to get much worse.The Federal Reserve has laid the groundwork for some serious inflation down the road by printing all this money. So have many other central banks.
Although the U.S. government lies about inflation in its official data, inflationary pressures are already evident in nearly everything, excluding energy. Inflation is going to continue, going to accelerate. We're going to be paying more for just about everything down the road."
Asked if he foresees a 1970s-style stagflation period ahead, Rogers chuckled and gave an ominous reply: "I hope it's that good. It might be much, much worse."
in TechTicker
Although the U.S. government lies about inflation in its official data, inflationary pressures are already evident in nearly everything, excluding energy. Inflation is going to continue, going to accelerate. We're going to be paying more for just about everything down the road."
Asked if he foresees a 1970s-style stagflation period ahead, Rogers chuckled and gave an ominous reply: "I hope it's that good. It might be much, much worse."
in TechTicker
"Crude Oil WIll Run Out In 15 To 20 Years"
"I don't see any adequate supply situation in any commodity market over the next decade or two. The commodities boom is not over and the bull market has several years to go. Commodities are the best place to be, if you ask me, based on supply and demand."
"Oil could reach between 150 and 200 dollars per barrel, as known reserves begin to decline. Unless something happens, crude oil will run out in 15 to 20 years."
"The supply of everything continues to decline. If the world economy recovers, commodities will do the best, because supply is being restricted. If the world economy does not recover, commodities will still be the best place to be, because governments are printing huge amounts of money."
In Telegraph UK
"Oil could reach between 150 and 200 dollars per barrel, as known reserves begin to decline. Unless something happens, crude oil will run out in 15 to 20 years."
"The supply of everything continues to decline. If the world economy recovers, commodities will do the best, because supply is being restricted. If the world economy does not recover, commodities will still be the best place to be, because governments are printing huge amounts of money."
In Telegraph UK
October 12, 2009
Stocks Market Overdue For A Correction
"It's overdue for a correction. Certainly, it would not be surprising if there were a correction after a straight-up move for six months," Rogers told Reuters in an interview.
Although he added that he was not "selling the market short," and that equities market could keep rising for a long period of time.
Although he added that he was not "selling the market short," and that equities market could keep rising for a long period of time.
October 11, 2009
Gold Will Hit 2,000 In A Decade
Gold prices, which just reached a new record high above 1,060 dollars an ounce Thursday, will top 2,000 in a decade, according to Jim Rogers. Jim Rogers, speaking Thursday at the sidelines in a conference held by ETF Securities in New York, said gold prices will keep rising as a protection against a weaker U.S. dollar:
"The dollar is a terribly flawed currency. Foreign debts are increasing rapidly every year, and I don't think Washington seems to care."
Rogers, chairman of Rogers Holdings, said prices of other commodities, such as oil, copper, and sugar, will continue to rise in the long term as the world will face more demand but shrinking supplies:
"There was very, very few new production capacity brought on line in the past 30 years for commodities. We have shortages developing throughout the world."
Demand, meanwhile, is on the rise, especially from Asia, he said.
"Thirty years ago, the last time we had a bull market in commodities, Asia was not in the game." "And now they are all trying to live like we do."
"The dollar is a terribly flawed currency. Foreign debts are increasing rapidly every year, and I don't think Washington seems to care."
Rogers, chairman of Rogers Holdings, said prices of other commodities, such as oil, copper, and sugar, will continue to rise in the long term as the world will face more demand but shrinking supplies:
"There was very, very few new production capacity brought on line in the past 30 years for commodities. We have shortages developing throughout the world."
Demand, meanwhile, is on the rise, especially from Asia, he said.
"Thirty years ago, the last time we had a bull market in commodities, Asia was not in the game." "And now they are all trying to live like we do."
October 9, 2009
I Don`t Like To Buy Something At Record Prices
"Gold has hit a new high and I don't like to buy something at record prices unless there are extremely strong fundamental reasons"
October 8, 2009
"People Are Printing Money, Gold Is Going Up"
“People are printing money, gold is going up,” Rogers said in an interview, adding that he’s “not selling my gold” and may add to his holdings. “There are plenty of reasons to buy gold when the time is right,” Rogers said.
in Bloomberg.com, October 7
in Bloomberg.com, October 7
FOX Business Interview: October
Latest Jim Rogers video interview on FOX Business. Jim talks about the US Dollar`s Outlook and the US Economy.
Commodities, specially Agriculture commodities are still his favourite play for the long term.
October 7, 2009
Japanese Yen Outlook
"I own the yen so I am very pleased to see the yen going higher. Various things are happening in Tokyo and Japan. They are the second largest creditor nation in the world plus their government has given big incentives for people to bring the yen back into Japan. Billions of yen have been invested outside of Japan and now there is good reason for them to bring it back.
So you have a new government [in Japan], you have incentives to bring the yen back, you have the carry trade unwinding, there are many reasons for the yen to continue to go higher. I own the yen and I hope it does go higher."
So you have a new government [in Japan], you have incentives to bring the yen back, you have the carry trade unwinding, there are many reasons for the yen to continue to go higher. I own the yen and I hope it does go higher."
October 6, 2009
The US Risks Hyperinflation
Investment guru Jim Rogers says the United States risks hyperinflation, thanks to the government’s massive fiscal and monetary stimulus. That stimulus also will continue to hurt the dollar, he told CNBC. "There's no question the U.S. is vulnerable to hyperinflation down the road or certainly the inflation we saw in the 1970s, I would expect that to come back in the foreseeable future, certainly in the next few years," he said.
October 4, 2009
Not Buying Gold Nor Silver.
"I own some gold and I am optimistic about the price of gold but I don’t think I would buy it either. The gold is near its all-time high, I think I would rather buy silver for instance if I had to buy a precious metal. However, I am not buying either at the moment."
October 3, 2009
The Yuan Free Float Is Coming
"I would have thought they would have let it float by now, it's in China's interest, it's in the world's interest for them to do it. Whether they do it this year or 2011, but it's coming. They are opening it up more and more each quarter, so it's coming"
China Has Huge Reserves. The West Huge Debts.
"China saved up huge reserves for a rainy day, now it's raining and they're spending those reserves. You contrast that with the UK or the US for instance which has no reserves, has nothing but huge debts and they're borrowing, or printing, or taxing to spend their money… I'd rather be in the East than in the West."
October 2, 2009
Where To Invest 1 Million Dollars
"Cotton, coffee, silver, these are things that are very depressed. This is where I would start looking … if I only had a million dollars… I wish I had a million dollars, then I would head out and look for those things."
in CNBC, October 1st
in CNBC, October 1st
October 1, 2009
CNBC Video Interview: October
To watch this video use Internet Explorer
Jim Rogers latest video interview on CNBC.
Topics: Inflation, Commodities, Sugar Futures, Asian Equities and Real Estate
Jim Rogers latest video interview on CNBC.
Topics: Inflation, Commodities, Sugar Futures, Asian Equities and Real Estate
The True Inflation In America Is At Least 6 Or 7 Percent
There's no question the US is vulnerable to hyperinflation down the road or certainly the inflation we saw in the 1970s, I would expect that to come back in the foreseeable future, certainly in the next few years.
The true inflation rate in America? It's certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government, and I wish we knew where they shopped so we can shop there too and get good prices.
Jim Rogers, chairman of Rogers Holdings in CNBC, October 1st
The true inflation rate in America? It's certainly at least 6 or 7 percent, the US government lies about it, as you know, everybody who shops knows that prices are up, everybody except the US government, and I wish we knew where they shopped so we can shop there too and get good prices.
Jim Rogers, chairman of Rogers Holdings in CNBC, October 1st
Gold Price Outlook
"I own some gold and I am optimistic about the price of gold but I don’t think I would buy it either. The gold is near its all-time high, I think I would rather buy silver for instance if I had to buy a precious metal. However, I am not buying either at the moment. I certainly would not sell any precious metals — if they go down, I plan to buy more and maybe a lot more."
in MoneyControl.com
in MoneyControl.com
On Emerging Markets
"I wouldn’t buy any of them. I would never buy the Russian market. The BRIC is some kind of an artificial thing, which some marketing people put together. I would not ever buy the Russian market. I own China. Brazil is a natural resource-based economy and it is being better managed these days and it has been in the past. So Brazil probably has a good future though I don’t own any Brazilian stocks. The Indian stock market has run up a lot in the last year or so. So I don’t think I would buy it either. I am not buying shares anywhere in the world as we speak."
in CNBC
in CNBC
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