Thursday, October 14, 2010
Jim Rogers : Gold has been going straight up , most things that go straight up eventually have to rest for a while , may beit while go up few point higher but I suspect it will rest soon , But over the long turn Gold is going to go much higher , do not sell your gold...
I said by 2020 (Gold) will be at least $2000 dollars an ounce so it is not so much you have $1300 today , yes sure I think it will go to $200 may be before that , may be much higher than that , if Gold goes to its old high adjusted for inflation it should be well over $2000 now , so gold got much further to go ....
for me if I had to buy a precious metal today I'll buy silver , silver is down 60 percent from its all time high , gold is making all time highs , I am sure your parents taught you to buy low and sell high , so silver is probably better !!!!
Sugar is just another agricultural product which is very depressed over its all time highs , Rice is probably even better these days , most agricultural products are extremely depressed on a historic basis , so just get on the list and look at them you'll see sugar is down a lot , rice is down a lot there are plenty of opportunities in agriculture ...you if i were you I'll go back to Germany and become a farmer , because farmers are going to be much more prosperous than anybody else over the next twenty years ....
The surprise with oil is how high the price is going to stay and how high it is going to go the world is running out of known reserves of oil , may be there is a lot of oil out there but we do not know where it is if it is there...so oil is going to stay high and go much much higher , Oil is going to be much higher over the next two decades ...
Regarding alternative energies Jim Rogers says : if you could find a well managed company , you can invest in it now ...alternative energy has a great future I am explaining to you the oil reserves are going down prices will be going higher and politicians love alternative energy because they say it's clean they say it is wonderful for the environment etc etc...if you could find a sound company at a cheap price then you should buy it now , you will do very well...
regarding the Us equity market Jim Rogers had this to say : no all that's already in the stock market , this is already October , the election is in November the earnings are coming out , no no you have to worry about march and April of the next year , whatever happens this week or the next week is not important for the stock market it is what's going to happen in April , you have to look to the future worry about next year , that's what i am worried about and you should be too ...yes the recovery is pretty slow...as you can see America is not doing terribly well , Germany seems to be doing a little better than America as far as recovery is concerned , Asia is doing better , America is lying behind , but America it's got horrible problems , terrible problems ..the stagering amount of debt in this country and they are not taking the right policies to solve our problems , they're building up more debt ...I cannot believe that they could say the solution to too much debt too much spending , is more debt and more spending ?! but that's what they're saying ! ...now this is insane if you ask me , and that's why America is falling behind and Asia continues to doing well...
I am not buying stocks anywhere right now , I bought a few in Malaysia recently but i am not buying stocks anywhere for the most parts because in my view I do not know what's going to happen to the economy , if the world's economy gets better commodities are going to do well because of the shortages , if the world economy does not get better i wanna own commodities because governments gonna print money , that's bad but they're gonna do it ...that's all they know , and if they print you'll better off owning real assets silver rice natural gas that's where you'll make money , if they print money even if there is a bad economy so either way i think i am going to be better off in commodities than in stocks ...
well longer term the Dollar is finished , I mean the dollar is a terribly flawed currency however right now everybody is pessimistic it's been going down for several weeks , everybody is pessimistic including me so I wouldn't sell it when I see everybody very pessimistic about something it's usually time to buy if nothing else for a rally so I wouldn't sell the US dollar right now , I am not buying it that's cause I own some but i expect it to probably rally , but in the long term ...it is not good news.......hang on to your silver hang on to your gold ...hang on to your rice ...
Wednesday, October 13, 2010
Economic Policy Journal
Last night at the Mises Institute in Auburn, Alabama, author, investor and global traveller, Jim Rogers, was awarded the prestigious Schlarbaum Prize for the lifetime defense of liberty.
Rogers told attendees to the event that the United States has had two central banks prior to the Federal Reserve and that they both disappeared. He said he fully expected the same thing to happen to the Federal Reserve. He charged that Ben Bernanke as Fed chairman only knows how to print money, and that this money printing policy of the Fed will cause it to collapse from within.
Read the rest of the article
Tuesday, October 12, 2010
Jim Rogers : “If I were to go to precious metals, I would rather look at silver than gold. Silver is still 60% below its all-time high,” “Buy yourself some silver chopsticks or some silver cutlery and buy yourself some rice, and you will be very rich in five or 10 years.”
Gold is going to go a lot higher over the next decade. It may slow down for a while because it’s run up so dramatically here in the last few weeks. But gold’s going to be much higher,” Rogers said recently
“Adjusted for inflation it should be well over $2,000 now. When I say something like it’s going to 2,000 in 10 years it’s not a very dramatic statement given the state of the world. I’m sure it’s a given,” he added.
Quantitative easing is not going to work, warns Stephen Roach, non-executive chairman at Morgan Stanley Asia. In this First On CNBC interview, he tells CNBC's Chloe Cho why, as well as if capital controls will help or hamper the global recovery.
Monday, October 11, 2010
Last night 09 October 2010 at the Mises Institute in Auburn, Alabama, author, investor media icon and global traveler, Jim Rogers, was awarded the prestigious Schlarbaum Prize for the lifetime defense of liberty.The prize carries with it a $10,000 cash award. The prize has been given since 1999.Jim Rogers has been a constant media presence for many years, accurately predicted the current boom-bust
more details >>>>
Saturday, October 9, 2010
What is an eCongress?
It's relocating US Representatives to our Local Districts, US Senators to our State Capitals & State Representatives and State Senators to our City Halls & Courthouses to securely telecommute for 75% of their terms.
It's a simple solution to realign the Balance of Power, scale back partisanship, curb lobbying, reduce corruption, increase cost effectiveness, and improve national security in this country.
You can watch live by going to http://econgressnow.com the day of the event.
The panel discussion will be taking place in the Martin Luther King, Jr. Auditorium at the Santa Monica Public Library which is located at 601 Santa Monica Boulevard.
This event is free, but seating is limited so please RSVP in advance to guarantee a seat.
Help spread the word!
More info at http://www.bringhomethepoliticians.com
Friday, October 8, 2010
"They've all been dead wrong, totally unadulterated wrong," "Unemployment is higher now than it was before. Everything is worse instead of better. Let people go bankrupt. Let the system clean out and start over."
"If the world economy gets better I'm going to make money in commodities," Rogers said. "If the world's economy doesn't get better I'm going to make money in commodities, because the Fed is going to print money." and Rogers added that silver may even be a better buy now than gold because it is well off its historical high, while gold has been setting a series of new peaks lately. Rice will do well among soft commodities ,Jim Rogers always been very bullish on commodities and especially agri-commodities advised the CNBC journalist to go and get a farming degree ....
Thursday, October 7, 2010
Jim Rogers: 'Markets Soaring But the World Is Worse Off'
By 2012, the US will be overdue for another recession, Rogers says. He points out that the government can't quadruple its debt again. "We're going to have a serious problem the next time we have a slowdown," comments Rogers.
The investor believes a bubble is forming in the bond market. He is bullish on rice and sugar and still believes agriculture has a wonderful future for the next 5-15 years.
"Gold is going to go a lot higher over the next decade," says Rogers. He wouldn't sell his US dollars right now, as everyone is pessimistic on the dollar. "I have found in life, it's better to be a contrarian than not be," Rogers says.
"If the world economy gets better, I'm going to make money in commodities. If the world economy doesn't get better, I'm going to make money in commodities because they're going to all print money."
Printing money, Rogers argues, is the wrong thing to do. He expresses how dead wrong Fed chairman Ben Bernanke has been. According to Rogers, the best opportunities now lie in commodities.
Wednesday, October 6, 2010
Monday, October 4, 2010
Wen started a weeklong tour of European countries in Athens, heading a delegation that signed 11 private business deals and two state cooperation agreements for trade and cultural affairs.
``When Greece is in trouble, China will help _ that's when real friendship matters,'' Wen said after meeting Prime Minister . .
Read article >>>
Jim Rogers :"I just got to say that if I were to go to about precious metals, I would rather look at silver than gold. I own gold and I own silver, but silver is still 60% below its all time high. Gold is making all time highs. So it is usually better to buy low and sell high. I am not selling my gold. Gold will go over $2000 an ounce certainly in the next 5 to 10 years. But silver - on a percentage basis - will probably go up even more during that period of time. "
Wen Jiabao, the Chinese prime minister, made the offer before Greece's parliament on Saturday at the start of a two-day visit to the country.
But his offer has also called into question China's own financial policies.
Sunday, October 3, 2010
Jim Rogers : "The way I see the world, there is going to be a lot more currency turmoil in the next few years. So I am mainly playing currencies and commodities going forward. I have a few shorts. I have sold a few things short mainly in the United States, but I do not see a lot of great opportunities in the stock market.
Let’s put it this way: If there are great opportunities in the stock market, the opportunities will be better in commodities because the shortages are worse in commodities. If the world does not get better, which it may not, then you should better off owning commodities because after all, governments will continue to print money and throughout history when government has printed a lot of money, it has led the higher prices for commodities.
So either way, my way to play this is through commodities. Buy yourself some or some rice or some natural gas, look at the things that are very cheap and maybe you will do well - no matter what happens to the world economy. "...
Saturday, October 2, 2010
Friday, October 1, 2010
Thursday, September 30, 2010
"Sugar is going to go much higher over the next few years. I have no idea whether this is a short term trade or not. I am terrible at it, terrible at short term trading. I am ecstatic to hear that your government is loosening up. Indian government is one of the most restrictive and controlling governments in the world. They should let sugar farmers finally make some money. So I hope that they continue to expand. I hope that the sugar farmers continue to make money and yes the price of sugar is going to be much higher over the next 5 to 10 years. So there is lots of money to be made in sugar unless your government does something foolish again. "..
Wednesday, September 29, 2010
Investment guru Jim Rogers warns stock markets could collapse if the global recovery fails to reignite and is urging investors to turn to commodities.
Rogers, who launched the pioneering Quantum fund with George Soros in 1970, believes the commodity market could continue to thrive irrespective of the eventual path of the world economy.
read article >>>>
Tuesday, September 28, 2010
Saturday, September 25, 2010
Friday, September 24, 2010
Singapore - Global commodities investor Jim Rogers says gold's rally and record prices are a sign that money printing is starting again and the gold bull run is far from over.
"The US has been giving the signal that it is going to print more money and Japan has recently said they are going to print more money - what is happening is that money printing is starting again and the market knows it," he told Kitco News in an exclusive interview on Wednesday.
Gold on Thursday extended the record highs hit just three days ago. Comex December gold peaked at $1,279.50 an ounce early Thursday, a record for any most-active contract. Spot gold hit a record high of $1,278.90.
Read more: http://community.nasdaq.com/news/2010-09/gold-bull-market-has-a-long-way-to-go-jim-rogers.aspx?storyid=36878#ixzz10SoN0gFF
Jim Chanos : in China it is all about the numbers , they show you the numbers they want you to see ....60% of the GDP is based on building , so they have to keep on building in order to keep the numbers...
Thursday, September 23, 2010
in The Telegragh
Jim Rogers, the market sage, has warned the global economy is just two years away from another recession, but remains ill-prepared to cope with the after-effects.
Jim Rogers is predicting new recession in 2012.. So sayeth the Telegraph in a brief overview of his recent comments to CNBC:
"Mr Rogers, the respected currency trader and hedge fund pioneer, cautioned that when the downturn takes hold "the world is going to be in worse shape because the world has shot all its bullets."
Speaking in an interview with business television channel CNBC, the septuagenarian investor said that "since the beginning of time" there has been a recession every four-to-six years, and that's mean another one is due around 2012..."
Wednesday, September 22, 2010
In an exclusive interview with ET Now, investment guru Jim Rogers says his way of playing is to be long commodities because whether the world gets better or not, commodities are going to do well. But he does worry about stocks because the stock markets are currently pretty high around the world, including India.
Would you be cautious on the Indian markets at the current levels or does everything seem to be hunky-dory?
I am always cautious whenever I am doing anything. The US and the Japanese central banks are intended to print a lot more money around this time. Money supply in the US has grown nearly 8% a year in last months and the Japanese two weeks ago made it clear that they were going to print more money. So we have this money flowing into the world and obviously it is going into the market. Your government, your central bank are going to be more cautious and I hope they are, but in the meantime, the money is going to go somewhere and it is going into stock markets around the world.
Read Interview >>>>
Tuesday, September 21, 2010
source : http://www.kitco.com/KitcoNewsVideo/kitco_news.htm
Monday, September 20, 2010
Sunday, September 19, 2010
Friday, September 17, 2010
Thursday, September 16, 2010
Wednesday, September 15, 2010
Jim Rogers New Book :
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator
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