Can Gold Trade Over 10,000?

Gold back in the ‘70s has not gone up ten years in a row. It has only gone up two years, three years, four years max. So things are all a little bit different now than what they were then. Can gold trade at over 10,000? Of course it can and it might. But not this year. - in GoldSeek radio

Related: SPDR Gold Trust ETF (GLD), Novagold (NG), Newmont Mining (NEM), Barrick Gold (ABX)

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.

Gold & Silver Correction: It`s Good For Markets

Silver and gold - you know, gold has gone up ten years in a row. That’s extremely unusual in any financial asset. Silver skyrocketed here in the last several months. So yeah, it’s a combination of things - financial panic, market re-quals, etcetera. But I don’t see this as any problem.

It’s good for markets. Back in the 1970s gold went up 600 percent and then gold went down 50 percent, scared everybody off. A lot of people gave up on gold. And then as soon as they gave up and sold, gold turned around and went up 850 percent. That’s not a typo - 850 percent.

So this is nothing unusual. Oil has gone down almost 50% three times since the bull market started in 1999. I don’t pay too much attention to these things. I try to be smart enough to buy when it collapses some.

Tickers: 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.

Gold Outlook

Gold has been up 10 years in a row, which is very unusual in any asset class. So if it is up this year or 11 years in a row, gold is overdue for a correction and it could have a nice substantial correction given that it has been so strong. - in Beacon Equity

Related: SPDR Gold Trust 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.

Europe As A Whole Is Not Nearly As Deep In Debt As The U.S.

Europe's got some bad problems but the entity as a whole is not nearly as deep in debt as the U.S. They don't have a huge balance of trade deficit, like we do. - in CNBC europe

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.

When Fear Permeates A Market Everybody Sells

When fear permeates a market, everybody sells, especially the last ones in, frequently have to jump out. They have raised margin requirements for both silver and gold. So that makes it more and more difficult for people to hold on.

I barely pay attention to the price, but I know a lot of people do and that is why you have these sudden spikes up and down.

Tickers: 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.

Europe Has A Few Bad Bankrupt States, So Does America

Europe has a few bad, bankrupt states, so does America. We've got Illinois which is bigger than Greece, we've got California, we've got New York, you know those are pretty big states that have serious economic problems. We have pension plans in America that are terribly under water. - in CNBC

Tickers: SPDR S&P 500 Index (SPY), ProShares UltraShort S&P500 ETF (SDS)

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.

Short Emerging Markets, Beware Of Russia

Check the latest Jim Rogers video interview on Reuters, "Short Emerging Markets, Beware Of Russia"

Tickers: iShares MSCI Emerging Markets Index ETF (EEM), Market Vector Russia ETF Trust (RSX), iShares MSCI Brazil Index ETF (EWZ)

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 Am Thinking Of Buying Agriculture Right Now

I am thinking about buying agriculture right now. I am not thinking about buying base metals or gold or oil right now, but I am thinking of buying agriculture maybe this afternoon. - in Economic Times

Tickers: ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), PowerShares DB Agriculture Fund (NYSE:DBA), Mosaic (MOS), Potash (POT), Agrium (AGU)

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.

Base Metals Certainly Would Be Affected By Reduction In Demand

That is a big big sell off (in Copper), 30 percent in anything in that shorter period of time. So it is a shock, but I would expect most things to continue to correct and react because the world has got serious problems facing in the future. Base metals will be affected by reduced demand.

Other commodities will continue to do well, but base metals certainly would be affected by reduction in demand and you know what is happening in Europe, you know what is happening in America. So be careful. I am not selling any of my commodities. I am not selling my base metals, but I am not jumping in to buy either.

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.

Brazil`s Trade War

Tickers, IShares Brazil ETF (EWZ)

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.

If Silver Continues To Go Down, I Will Buy More Too

if silver continues to go down as we have discussed before, I will buy more silver too. Do not sell your silver, do not sell your gold unless you are a short-term trader, but anybody who is in this for a long term, silver and gold will both go much higher over the next few years. - in ETimes

Tickers, IShares Silver ETF (SLV), Hecla Mining (HL)

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 Risks Of A Trade War

Brazil is sort of ignited a trade war by putting a 30 percent import tariff on China and Korea. And right now China is trying to get the Europeans to let them open up the trade with China more. The Europeans are saying no, so China is saying, 'No, we won’t bail you out.'

I hope the trade war doesn’t break out because throughout history when it does it has caused depressions. You saw what happened in the 1930s. It led to depression and it also led to war. So I hope it can be contained.

Related ETFs: iShares MSCI Brazil Index ETF (NYSE:EWZ), iShares MSCI South Korea Index Fund (ETF) (NYSE:EWY)

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.

Gold Has Been Up 10 Years In A Row, Which Is Very Unusual In Any Asset Class

We have discussed before that gold has been up 10 years in a row, which is very unusual in any asset class. So if it is up this year or 11 years in a row, gold is overdue for a correction and it could have a nice substantial correction given that it has been so strong.

I have no idea what is going to happen this year. I doubt if it will go to $2000 an ounce in 2011, it is more likely to have a correction which will last for several weeks, several months. It has been very strong. If it goes down some more, I would buy more gold as I have told you many times. - in Economic Times

Tickers, 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.

China Is Doing The Right Thing To Cool Things Off

They’re doing their best to cool things off...I expect them to continue to do it, and that is causing more slowdown around the world. - in CNBC.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.

At Least In 2008 The Governments Could Bail Us Out...

At least in 2008 there was the possibility that the governments could bail us out. Now, of course, the governments have gotten deep, deep, deep into debt themselves. Everybody is in much worse shape. - in CNBC.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.

Latest CNBC Video Interview

Topics: commentary on the recent market turmoil, currencies and politics;

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 Am Planning To Buy Swiss Francs, Dollars & Agriculture

Agriculture prices are getting banged right now. I am kind of planning on buying Swiss francs, more dollars and agriculture. - in CNBC.com

Tickers, ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA)

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.

Reuters Video Interview: A Recession Is Coming

"We are going to have another lost decade. We are making enormous mistakes running the US economy" - Jim Rogers, in Reuters

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.

Recognize Change And React Accordingly

Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit. ― Jim Rogers, A Gift to My Children: A Father's Lessons for Life and Investing

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.

Debt Crisis: The Scandinavian Example In The Early 90`s

The same thing happened in Scandinavia in the early 90`s. Everybody went bankrupt they had a horrible time but they wrote everything off, they started over and Scandinavia has boomed for the past 15 or 20 years. This solution we are trying in the US and in Europe is not going to work. It never has.

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.

Singapore: It`s An Open And Law Abiding Society

One of the greatest advantages that Singapore has is that they have both the English and the Chinese language, but so does Hong Kong...but it`s an open and law abiding society so Singapore will certainly become the financial center of Asia and one of the greatest financial centers of the world. - in the WSJ

Tickers: iShares MSCI Singapore Index Fund ETF (NYSE:EWS)

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.

Singapore As A Financial Center

Singapore is certainly going to be the financial center of what you call Southeast Asia. - in The WSJ

Tickers: iShares MSCI Singapore Index Fund ETF (NYSE:EWS)

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.

WSJ Video Interview: Asia & China

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 Am Short Stocks In Europe, America & Emerging Markets

I am short stocks, I am short stocks in Europe, I am short stocks in America (related tickers: SPDR S&P 500 ETF SPY) and I am short emerging markets (Related ticker: iShares MSCI Emerging Markets Indx ETF EEM). - in 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.

Let People Go Bankrupt!

It would be good for the world, though, if they let people go bankrupt. - in 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.

Eurozone Defaults & Euro FX Outlook

A Greece bankruptcy would actually be a good thing because it's time for people to acknowledge reality. If you’re bankrupt, go bankrupt, reorganize. Countries have been going bankrupt for centuries, there’s nothing new about it.

If Greece defaults, some other countries will default too—Italy, Spain, Ireland and a few others. If this happens the euro will go down a far amount. But I would buy all the euro I could at that point because then that would mean that Europe is going to have a very strong, sound currency. People can not lie about their finances anyone, people have to run a tight ship.

It would be a lot of pain between now and then, but boy if that happened in the next month or so, buy all the euros you can. - in 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.

I Own Probably More U.S. Dollars Then I’ve Owned In Years

The only reason I’m long, is because everybody in the world, including me, has been terribly pessimistic. And whenever that happens you should take the other side of the trade. So I’m long the U.S. dollar, I have no confidence in it, its going to be a disaster, but as we speak I own probably more U.S. dollars then I’ve owned in years, and certainly more than any other currency. - in Deal Breaker

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.

What`s Next For Currencies?

Market At New Low As Euro Sells Off
Airtime: Fri. Sept. 9 2011

A look at what's happening with the euro/dollar relationship and what's next for currencies, with Jim Rogers, Rogers Holdings chairman/CEO.

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.

What's Next for the U.S.?

What's Next for the U.S.?
Airtime: Fri. Sept. 9 2011

The dollar has a massive move against the euro today as yields on Greek government bonds continue to hit new highs. Insight on where the dollar is headed, with Jim Rogers, Rogers Holdings chairman/CEO.

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 Worldwide Historic Shift

Topics: Western decadence, lost decades, debtors, creditor nations, China;

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.

Jumping On The Bandwagon Has Never Been My Style

Jumping on the bandwagon has never been my style. It`s when I have moved away from the crowd that I have usually made my best investments. - in A Bull In China

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 Chinese Yuan Is The Best Currency.

The Chinese yuan is the best...the US dollar is probably good in the short term, but the absolute worst over the long term. - in 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.

This Is A Huge Mistake For Switzerland

The move will work for a while, but the market will have more money in the end than the SNB. The Swiss central bank risks losing a lot of money buying up lots of foreign currencies which they will eventually sell at a loss.

Another risk is that the central bank will totally debase the Swiss franc trying to keep Switzerland 'competitive' which will then destroy the traditional Swiss financial industry. Rogers said.

So this is a huge mistake for Switzerland since they are going to suffer more either way. - in 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.

This Is Where The Energy And The Dynamism Are

The largest creditor nations in the world now are China, Korea, Japan, Taiwan, Hong Kong, Singapore. Those are all Asian countries. This is where the assets are. This is where the energy is, the dynamism is.

Topics: iShares MSCI South Korea Index Fund(ETF) (NYSE:EWY), iShares MSCI Singapore Index Fund (ETF) (NYSE:EWS), iShares MSCI Taiwan Index (ETF) (NYSE:EWT), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE: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.

The Price Of A Commodity Will Never Go To Zero

The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt. 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.