I remember when gold went parabolic in 1980; I shorted it in 1980. It eventually collapsed. Gold and silver will be a bubble some day as will all commodities but doesn’t think it will happen in 2011, likely a few years away. - in GuruFocus
Related ETFs: SPDR Gold ETF (GLD), IShares Silver ETF (SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Investment Ideas, Video Interviews And Media Appearances - Unofficial Blog Of The Legendary Investor
April 28, 2011
April 26, 2011
Will Silver Reach 100 USD?
If it does there is a bubble and we will have to sell. That would be a parabolic move and all parabolic moves end badly. I hope it doesn’t happen because I own silver and want to buy more. I hope they continue to go up in an orderly way for another 10 years. If triple-digit silver hit this year I would be selling.
I worry about silver, not parabolic yet, I hope something stops it going up. I don’t know what could cause a correction, but you never know what could cause a correction. All parabolic bubbles pop.
Maybe the U.S. dollar becomes confetti and silver goes to 150 USD — that would be a U.S. dollar collapse. - in GuruFocus.com
Related: IShares Silver ETF (SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
I worry about silver, not parabolic yet, I hope something stops it going up. I don’t know what could cause a correction, but you never know what could cause a correction. All parabolic bubbles pop.
Maybe the U.S. dollar becomes confetti and silver goes to 150 USD — that would be a U.S. dollar collapse. - in GuruFocus.com
Related: IShares Silver ETF (SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 25, 2011
People Should Have Been Buying Gold And Silver 10 Years Ago
What has gotten people’s attention is that gold has been going up and up. That is the wrong way to invest. I own gold and silver, but it was five and ten years ago that they should have been buying gold and silver. Most investors don’t notice something until there is already a nice bull market underway. There will be more people buying gold, eventually everyone will own gold and then we will have to sell our gold. But that is a long way from now. - in GuruFocus.com
Related ETFs: SPDR Gold ETF (GLD), IShares Silver ETF (ETF), Hecla Mining (HL), Newmont Mining (NEM)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related ETFs: SPDR Gold ETF (GLD), IShares Silver ETF (ETF), Hecla Mining (HL), Newmont Mining (NEM)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 23, 2011
If Bonds Go Up Another 3 Or 4 Points, I am Going To Sell Short
If the bond goes up another 3 or 4 points, I for one am going to sell it short.
I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest.
I mean the market is just going to give up. Once the Federal Reserve stops buying bonds I'm not sure who's left to buy bonds at that point. - in Reuters Insider
Related: iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT) , ProShares UltraShort 20+ Year Trea (ETF) (TBT)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest.
I mean the market is just going to give up. Once the Federal Reserve stops buying bonds I'm not sure who's left to buy bonds at that point. - in Reuters Insider
Related: iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT) , ProShares UltraShort 20+ Year Trea (ETF) (TBT)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 22, 2011
We Have Inflation Now.
"We have inflation now. If you go to the shop, whether it's groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US" - in MWC News
Related: SPDR Gold ETF (GLD), Ishares Silver ETF (SLV), ProShares UltraShort 20+ Year Treasuries (ETF) (TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (TLT)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: SPDR Gold ETF (GLD), Ishares Silver ETF (SLV), ProShares UltraShort 20+ Year Treasuries (ETF) (TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (TLT)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 19, 2011
Invest In What You Know
Now, how many times have I told people that you should never invest in something unless you yourself know an enormous amount about it? - in Adventure Capitalist
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 18, 2011
The Chinese Property Bubble
The China boom continues. The China prosperity continues. I notice it spreading. The property boom continues to spread. I see that more and more. But of course, there are those who think that it’s a property bubble, including me – at least I think there is a property bubble in coastal cities. The government is trying to pop that bubble as you know and I presume that they (will) pop the bubble. The Chinese government has enough authority and control that they can pop something if they really mean it. We’ll see. - in Forbes Blog
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 15, 2011
It Will Be Difficult To Stop Inflation
“But with U.S. pouring gasoline over the fire, it’s going to be much more difficult for anybody to stop inflation. America is fanning it as best as it can, and it’s going to get worse.” - in www.myloansconsolidated.com
Related ETFs: Ishares Silver ETF (SLV), SPDR GOld ETF (GLD)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related ETFs: Ishares Silver ETF (SLV), SPDR GOld ETF (GLD)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 13, 2011
If China Opens Its Currency Market Everything China Imports Will Go Down In Price
I think it’s better for China to open its currency market as soon as possible. This is not 1981; this is 2011. China is a strong and independent country now, and they don’t have to worry about the currency.
It would be good for China and the 1.3 billion Chinese. Everything China imports will go down in price. You have to have a convertible currency to have a strong international economy. - in China Digital
Related: iShares FTSE/Xinhua China 25 Index (ETF) (FXI)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
It would be good for China and the 1.3 billion Chinese. Everything China imports will go down in price. You have to have a convertible currency to have a strong international economy. - in China Digital
Related: iShares FTSE/Xinhua China 25 Index (ETF) (FXI)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 11, 2011
I'm not planning to sell my Chinese shares ever
I only like to buy China when it collapses and it hasn't collapsed in nearly two years. My children are going to own my Chinese shares. I'm not planning to sell my Chinese shares ever. - in CNBC
Related: China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 10, 2011
My Children Are Going To Own My Chinese Shares Some Day
If China collapses and the stock market has a big drop, I hope I’m smart enough to buy more Chinese shares. My approach to China is that my children are going to own my Chinese shares some day. I don’t do this in any other country. Only China. I hope one day my grandchildren are gonna say that the old man was really smart … wherever he is, thank you.
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 9, 2011
It`s Better For China To Open Its Currency
I think it’s better for China to open its currency market as soon as possible. This is not 1981; this is 2011. China is a strong and independent country now, and they don’t have to worry about the currency. It would be good for China and the 1.3 billion Chinese. Everything China imports will go down in price. You have to have a convertible currency to have a strong international economy. China is doing it but I think they could do it faster. - In ChinaDigital
Related: iShares FTSE/Xinhua China 25 Index (ETF), (NYSE:FXI) Market Vectors Chinese Renminbi/USD ETN (NYSE:CNY)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: iShares FTSE/Xinhua China 25 Index (ETF), (NYSE:FXI) Market Vectors Chinese Renminbi/USD ETN (NYSE:CNY)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 8, 2011
China: The Only Thing I Worry About Is Water
The only thing I worry about is water. China has one of the worst water problems in the world. Unless you solve your water problem, there’s no China story. I’ve been around the world a couple of times, I’ve seen whole cities, societies and countries disappear because of water problems.
The amount, quality and supply of water could lead to the end of China’s story if the problem is not solved in time. - in chinadigitaltimes.net
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
The amount, quality and supply of water could lead to the end of China’s story if the problem is not solved in time. - in chinadigitaltimes.net
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 7, 2011
It`s Going To Be Difficult To Stop Inflation
But with the U.S. pouring gasoline over the fire, it’s going to be much more difficult for anybody to stop inflation. America is fanning it as best as it can, and it’s going to get worse. - in Beacon Equity
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 5, 2011
The US Dollar Will Be Debased A Great Deal In The Future
Everything I have told the world about gold and silver is going to continue to happen. Eventually gold will be a couple of thousand dollars an ounce, and probably much higher, as currencies become more debased, who knows how high.
Silver will definitely reach new highs. As I have said, the US dollar is in serious trouble, and will be debased a great deal in the future, and eventually will be problematical itself. So gold and silver will be measured by the US dollar but I hope there will still be some sound currencies no matter what happens. - in www.commodityonline.com
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), Hecla Mining Company (NYSE:HL), Coeur d'Alene Mines Corporation (NYSE:CDE), Newmont Mining Corporation (NYSE:NEM)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Silver will definitely reach new highs. As I have said, the US dollar is in serious trouble, and will be debased a great deal in the future, and eventually will be problematical itself. So gold and silver will be measured by the US dollar but I hope there will still be some sound currencies no matter what happens. - in www.commodityonline.com
Related ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV), Hecla Mining Company (NYSE:HL), Coeur d'Alene Mines Corporation (NYSE:CDE), Newmont Mining Corporation (NYSE:NEM)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 4, 2011
The Euro Is A Political Currency Rather Than A Economic Currency
I didn't say that the world needed the euro, I said it would be good for the world; we need something to compete with the US dollar. On paper the euro would be a great competitor. However, as I have said before, it is a political currency rather than an economical currency, and I would suspect that this pushes the euro closer to a moment of truth.
The Germans are now in control and they will be able to make everybody toe the line. The Germans expect to hold the euro together during this period of pain, and I hope they can. As I have said before, the world needs something to complete with the US dollar. I would expect the euro will survive this particular round of problems, and this will be good for the world and the euro in the long run. - in LewRockwell.com
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
The Germans are now in control and they will be able to make everybody toe the line. The Germans expect to hold the euro together during this period of pain, and I hope they can. As I have said before, the world needs something to complete with the US dollar. I would expect the euro will survive this particular round of problems, and this will be good for the world and the euro in the long run. - in LewRockwell.com
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 2, 2011
The Silver Bull Market Has A Long Way To Go
"The bull market in silver has a long way to go." - in CNBC Asia
Related: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
Related: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
April 1, 2011
I Bought Some Silver And Gold Last Week
"Don`t sell your silver" - in CNBC, March 31
Related: SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
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