Jim Rogers on the Trade war started by Brazil

Jim Rogers : Well David everything is being killed right now as you can see. partly as you may know Brazil has sort of ignited a trade war and then put on tariffs with the people in Asia and right now China's trying to get the Europeans to let them open up the trade with China more and the Europeans are saying, no. so china is saying no. we won't bail you out. so there are all sorts of trade tensions developing. and currency tensions , it is not a good world
well, I hope the trade war doesn't break out, you know, throughout history when you've had trade wars it's caused depression. you saw what happened in 1930. it led to depression. and ultimately it led to war. so I hope it can be contained. I was very surprised to see Brazil do that. one of their largest trading partners is China and yet they certainly -- and Korea, yet they certainly hit China and Korea with 30% tariff increases. it's not fun.

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

If I would buy anything today I would buy agriculture

Legendary Investor Jim Rogers interviewed by Reuters yesterday September 21st 2011 about his outlook for gold and whether he will still buy at these prices or not : " I own gold I would not bug Gold at the moment , if it goes down I certainly will buy more gold , I am not selling it ...no Rhonda Gold has been up ten years in a row it is very unusual for any asset it looks like it might be eleven years in a row , may be it is going to go up fourteen years in a row I do not know , but I do not want to buy gold right now but if it goes down I am going to buy a lot more ...." says Jim Rogers " silver goes down in fact if I had to buy one today I would buy Silver because it is 25 percent below its all time high while gold recently made an all time high , but I am not buying either today if I would buy anything today I would buy agriculture ..."



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers Video Interview - Reuters - Sept 21 2011

Jim Rogers : ...we are going to have a global recession because because because ...every 4 to 6 years in America we've had economic slowdowns and recessions we are overdue late in 2011 , 2012 2013 it's coming for whatever reason , we have always have had them every 4 to 6 years so we are going to have one again , part of the main problem is in America we spent a lot of money the people who got that money are better off but the rest of us are worse off , the debt has gone up by a staggering amount may be 400 percent when you take the all balance sheet guarantees the FED has printed a huge amount of money , no there are many things wrong they are just getting worse not better it is like in Japan they kept propping people up they had a lost decade then they had two lost decades , we had a lost decade we are going to have another one too , we are making horrible mistakes in running the US economy... 

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers Video Interview - The Wall Street Journal

Jim Rogers :...China is certainly going to have set backs along the way there is no question about that says legendary investor Jim Rogers ; they have raised interest rates four times during last year or so they raised reserve requirement eight times , they are trying to cool things out , I hope they are successful it will be good for them and it will be good for the world ....when America rose to greatness we had 15  recessions in the 19th century we had civil war we had very few human rights we had very little rule of law periodic massacres in the streets you could buy and sell congressmen , well you can still buy and sell congressmen but they were cheap in those days we had a lot of set backs but we became the most successful country in the 20th century Jim Rogers explains ....



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Commodity Funds

Jim Rogers : Of course. Right now there are over 7,000 mutual funds in which the public can invest... There are fewer than 10 commodity funds. By the end of the commodity bull market there will many more commodity funds and products.


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

I prefer areas with lower geopolitical risk

Jim Rogers : Well, the countries that have raw materials are obviously going to be a better place than ones that don’t. That is all other things being equal. But remember those words, “all other things being equal”. The Congo has huge amounts of raw materials. But I am not investing in the Congo. I don’t think it’s going to be a good place for my money. I prefer areas with lower geopolitical risk.Canada has, perhaps, the soundest currency in the world right now, and a strong economy. If you want to invest in North America, the best place to invest is Canada, whether it’s directly in the economy, the stock market or the currency. That’s the sort of place you want to be focusing on in times like these. - Jim Rogers interviewed by Peter Schiff




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

We are in a Secular bull Market in Commodities

Jim Rogers : We were an incredible nation in the seventies. We are now thelargest debtor nation the world has ever seen. There’s another big difference. I don’t want you to think that there won’t be corrections, or there won’t be consolidation. But for the most part, it’s a secular bull market in commodities.



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The supply and demand dynamics for gold have been different from other commodities

Jim Rogers : The supply and demand dynamics for gold have been different from other commodities for two or three decades. I own some gold, but I’ve always tried to explain to people that they would make more money in other commodities than they would in gold,because of the supply and demand dynamics. Now that has been true for the last decade or so. Take lead for instance, in fact,you would have made a lot more money over the past thirty years, the past twenty years, the past ten years, than you would have in gold. But if you own gold, I still don’t expect to make as much in gold as I would in things like corn and soy beans. But I own it.- Jim Rogers interviewed by Peter Schiff

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Canada is one of the most successful countries in the world

Jim Rogers : Canada is one of the most successful countries in the world because it had a rich neighbor that invested a lot in Canada , and needed a lot of things that Canada had , such as wheat and copper and Oil and Natural Gas and many other things , and cheap labor that's what's happening here china is going to have a lot of successful and rich neighbors because China is going to continue to grow and there are 1.3 billion of them and their per capita income is one tenth may be even less than that of an American , so as they grow and become more prosperous the demand for everything is going to go through the roof and all those people who are next door they are going to make fortunes because their neighbor is going to make fortunes and they have a lot of what their neighbor needs - in The Wall Street Journal - Sept 15, 2011 


 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers on Singapore vs. Hing Kong as the Financial Center for South East Asia

Jim Rogers on Singapore vs. Hing Kong as the Financial Center for South East Asia : "Singapore is certainly going to be the business center of what you call South East Asia , Hong Kong is going to be a major financial center of Asia , Singapore and Hong Kong will probably be the two and Singapore certainly of this region , it is one of the great advantages that Singapore has is 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 , may be the financial center of Asia and one of the financial centers of the world in the next couple of decades . Many people want to be in Hong Kong because it is the gateway to China on the other hand it's the gateway to China and if China changes its mind about anything or if Beijing takes a different approach that might not be so good , Singapore is certainly neutral for all the countries in South East Asia , Hong Kong is viewed as part of China , now that's good and bad , So Singapore has a big advantage , The Indians for instance they rather come to Singapore rather than to Hong Kong, many people would rather come to Singapore rather than to Hong Kong because they don't know what's going to happen in China . many south asian Chinese had rather come to Singapore than China . But there are advantages to both .... " - in The Wall Street Journal - Sept 15, 2011 


 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers video interview with The Wall Street Journal - Sept 15, 2011

Jim Rogers : Singapore is certainly going to be the business center of what you call South East Asia , Hong Kong is going to be a major financial center of Asia , Singapore and Hong Kong will probably be the two and Singapore certainly of this region , it is one of the great advantages that Singapore has is 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 , may be the financial center of Asia and one of the financial centers of the world in the next couple of decades . Many people want to be in Hong Kong because it is the gateway to China on the other hand it's the gateway to China and if China changes its mind about anything or if Beijing takes a different approach that might not be so good , Singapore is certainly neutral for all the countries in South East Asia , Hong Kong is viewed as part of China , now that's good and bad , So Singapore has a big advantage , The Indians for instance they rather come to Singapore rather than to Hong Kong, many people would rather come to Singapore rather than to Hong Kong because they don't know what's going to happen in China . many south asian Chinese had rather come to Singapore than China . But there are advantages to both ....

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

I still dont expect to make as much in gold as I would in other commodities

Jim Rogers : The supply and demand dynamics for gold have been different from other commodities for two or three decades. I own some gold, but I’ve always tried to explain to people that they would make more money in other commodities than they would in gold,because of the supply and demand dynamics. Now that has been true for the last decade or so. Take lead for instance, in fact,you would have made a lot more money over the past thirty years, the past twenty years, the past ten years, than you would have in gold. But if you own gold, I still don’t expect to make as much in gold as I would in things like corn and soy beans. But I own it. - Jim Rogers interviewed by Peter Schiff



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Canada offers better investment opportunities than the U.S

Jim Rogers : One of the reasons for their (Canada ) problems was that commodities were cheap, and Canada is a commodity-based economy. So, of course they had huge problems. So did other countries whose economies were driven by commodities. Partly because of those problems, it forced some of the Canadian politicians to wake up.They have now had a balanced budget for, I think, eight years ina row. They have had a trade surplus for ten years in a row. And now of course, they have the bull market in commodities at their back. Because of the great long-term commodity outlook, as well as some other reasons, Canada offers better investment opportunities than the U.S - Jim Rogers interviewed by Peter Schiff of Europacific Capital




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Learn about investing outside of the U.S.

Jim Rogers : Well, in 1918, the U.K. was the richest, most powerful country in the world. If you looked at a map of the world, it was all red – the British Empire was everywhere. But there was a lot of corrosion underneath. And within three generations, the U.K. was bankrupt. The U.K. could not sell government bonds. It had to be bailed out by the IMF. Now, it certainly had some rallies along the way. Sometimes things got better... or looked better. But the trend was always down. Starting in 1979, the U.K. had a revival when the North Sea oil started flowing. Over the next 20 years or so, the U.K. had a huge boom in oil production, which made things much better in the U.K... And of course, there was the stock market bull market, which made the City of London more exciting and prosperous. But now, the North Sea oil is declining and the city of London is going into decline, just like Wall Street and financial centers all over the world. As unlikely as it appears, these things happen... And they're happening in the U.S. right now. So I keep looking for what could happen to cause a revival in the U.S. We have agriculture, but even our agriculture is facing problems. Conceivably, we have a lot of shale gas. If that technology is ever perfected, that would help the U.S. But these things are not enough to turn the U.S. around permanently, just as the North Sea was not enough to turn the U.K. around permanently. So, no... Right now, I'm not bullish on the future... And I would urge everyone to learn about investing outside of the U.S. - in Daily Crux



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers: A Bull in China

An interesting 50 minutes Interview with legendary Investor Jim Rogers by ItsRainmakingTime on a Sunday morning in Singapore with Jim Rogers as he works out on his stationary bike...  
Jim Rogers : when I did my homework I found out that there was no decent index for commodities which made me even more optimistic about commodities , so to put my money into an index in commodities the only way I could do it is to start my own index , I would not any of my money in any of the existing commodity indexes at that time , ....One of the existing indexes was by Goldman Sachs and I am not speaking on their back , when I looked at it it was about 65 percent oil I said what kind of index is that but more importantly I found out that they change it very dramatically every two three years they change it depending on what goes up in price well I do not like to buy things when they already go up , so I said well I can't invest in this index because if you invest with Goldman Sachs you will have no idea what you going to own in 3 or 4 years and they have no idea either because it always changes .......


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Learn how to sell short

Jim Rogers :.... I would also urge everyone to learn how to sell short. If you don't want to do that, at least learn about currencies. You don't want to keep all your money in cash in difficult times. A lot of people put all their money into Icelandic krona and thought they were fine. Of course, we know Iceland went bankrupt and the krona collapsed. So be sure you learn something about currencies, because keeping all your money in cash could be a disaster. For younger readers, I would suggest you work to learn foreign languages, preferably Chinese or at least an Asian language. I see finance as continuing to go into decline... It's going to be a very, very depressed area of the world economy for years to come. All those people thinking about getting an MBA – unless they're truly passionate about finance – should look at some of the other area, of the world economy where they're going to have much better outlooks. But even then – as I make clear in my book – they shouldn't go into something unless they really love it. - in Daily Crux


 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Keep your assets outside of your own country

Jim Rogers : There's going to be much more social unrest, including in the U.S. Everyone has a fire insurance policy or medical insurance policy. They hope they never use these policies, but they have them. If you begin to look at your life and investments and finances in the same way, you see having some of your assets outside your own country – no matter which country that is – is a smart insurance policy, and perhaps a way to make a lot of money. - in Daily Crux



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

We are entering a period of shortages which are going to get worse.

Jim Rogers : As you know, I think everyone should learn about real assets. We're entering a period of shortages which are going to get worse. And even if they don't get worse, the governments are going to print money if the economies don't get better. So the best place for most people's money is in real assets. It's like the 1970s again. Stock markets and economies around the world were very bad in those 15 years or so. And yet commodities had one of the greatest bull markets of all time. You didn't make much money in stocks unless you were in very selective stocks. - in Daily Crux




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Can The Decline of America ever be stopped ?

Jim Rogers : Well, yes... If Americans suddenly decided to withdraw troops from 120 or 130 countries around the world, cut spending with a chainsaw, and lower taxes with a totally new taxation system while cutting litigation and improving education – sure, it's possible. The problem is what it takes would cause so much pain, no politician could get elected on that kind of platform. And if he did, he would either be assassinated or kicked out of office pretty quickly, because it's just too much. We've had 50 years of overindulgence in the U.S... and you don't just wake up one day after 50 years of going crazy suddenly to say, "Oh well, OK. Everything's all right now. Let's move on to something else." No. You've got to pay the price. And unfortunately, the price is going to be very expensive.- in Daily Crux



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The FED has tripled its balance sheet with Garbage in the last 3 years

Jim Rogers : when the real panic hits it is going to be worse than 2008 , remember Sean in the last three years America had bought its own debt , the Federal Reserve in America has tripled its balance sheet with Garbage , Europe has gone deeper into debt the overall situation has gotten worse , governments trying to push the problems to the future but to do that they make it temporarily better but long term they make it worse and so the next downturn it is going to be more brutal and worse because the overall situation is much worse ....- in NDTV 




 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

If Greece defaults then Italy is going to be next

Jim Rogers : well, there are several countries in Europe that have deep, deep debt problems. you know the names as well as i do. Spain, Portugal, Italy, Ireland, Greece. those are the big ones, the big ones that have problems right now. i would just suspect that if Greece went bankrupt then the market is going to look around for the next two or three. it doesn't have to go bankrupt. no, no, no, they don't have to. I am just saying there would be a lot of turmoil and pressure in the market if that happened. - in CNBC


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

China is trying to slow its economy down

Jim Rogers : ...China is trying to slow its economy down. they've raised interest rates six times. I wish America raised its rates six times. they raised reserve requirements 12 times. they're trying to slow things down. India the same way. many countries in the world acknowledge that -- Australia. many countries acknowledge inflation and trying to slow things down. that's why I am not so optimistic about the world economy going forward. - in CNBC - 09 Sept 2011



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The Swiss did a terrible mistake

Jim Rogers :  ....No central bank in the world has ever been able to control its currency in the long run. many countries have tried, David, but the market always has more. the British tried it 15 or 20 years ago. everybody has tried it. but in the end the market has more money. the Swiss will have two things happen. one, they will drive their currency down so much that they will no longer be a financial center, or it will go up again and they will lose money on all the currencies they're buying. this is a terrible mistake. the way you sort things out is you let the market take its course, the cure for high prices is high prices. that's how you sort things out. - in CNBC - 09 Sept 2011




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The long-term forecast on the US dollar is disaster, a catastrophe

Jim Rogers on CNBC - 09 Sept 2011

Jim Rogers : The long-term forecast on the u.s. dollar is disaster, catastrophe. having said that, as I 've said on CNBC several times in the past few months I am long the u.s. dollar. and 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. I'm long u.s. dollar. i have no confidence in it. it's going to be a disaster. but as we speak I own probably more u.s. dollars than I've owned in many years and certainly more than other currencies .....Bob, to your point, Bernanke has been lying to us again. he announced in early august that he was going to keep interest rates at a very low rate for two years. Now Bob, how is he going to do that? you can't just say the words. you have to go into the market and force interest rates down. I mean come on. what is this, you believe in the tooth fairy? he's in there. that's the only way he can do it. if you don't believe the theory of monetary policy works, get out the unadjusted numbers since the beginning of august and you will see they shot up starting at the beginning of august as soon as he said we're going keep interest rates down. so he's in the market. he may be lying to us, they usually do, but he's in there. be prepared. ...- in CNBC

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : I am going to make money because of the Shortages that are developing. in agriculture and precious metals

Jim Rogers : .... My portfolio, I own commodities, especially precious metals and agriculture. i own some currencies. i'm short stocks , I am short stocks in europe and I am short stocks in America and shorts in emerging markets. who knows if I'm right

....If the world economy gets better I am going to make money in commodities because of shortages that are developing. especially in agriculture and precious metals. if the world economy doesn't get better, Bob, you're not going to make any money in Toyota or IBM but you might make money in commodities because they're going to print more money. it's the wrong thing to do but they will print money. Bernanke is already printing money again. you have to protect yourself. So I am short stocks but I don't expect the world economy to get better. not much better anyway, if it does. And I am long commodities as a protection. - in CNBC 09 Sept 2011




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

It is time to acknowledge reality go bankrupt. and reorganize

Jim Rogers : it's time for people to acknowledge reality and if you're bankrupt go bankrupt. and reorganize. people and countries have been going bankrupt for centuries. there's nothing new about it. it's time for everybody to accept reality. the people who lent the money take losses , I don't see why good honest Austrian taxpayers should bail out Greece or Harlem or anybody else. accept the reality.take your losses go bankrupt. reorganize. start over. many countries have done it and have boomed afterwards.

I didn't say exit. i said go bankrupt and reorganize. in America we've had cities, counties, states go bankrupt.over the past couple of hundred years it didn't end the United States. it didn't end the united states dollar. it just went bankrupt, reorganize. creditors lost money and they started over. that's all that would have to happen. - in CNBC 09 Sept 2011

 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers CNBC interview - 09 September 2011

Jim Rogers : David, as you well know, crises usually happen in the fall. well here we are in September with October coming out next , the good news would be if Greece did go bankrupt. if you ask me, this morning in Europe anyway, Greek interest rates were over 90%. maybe the market is telling us it's finally time well, if Greece defaults you've got to have other people that default, too, Italy and Spain and a few others. if they did that, obviously New York would go down a fair amount but that would mean that Europe is going to have a very strong sound currency. people cannot lie about their finances anymore. people would have to run a tight ship. a lot of pain between now and then, but, boy, if that happened in the next month or so, buy all the euro you can.

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

America to have huge shortages of Miners and Farmers

Jim Rogers :... Very much so, if you like it. There are more graduates who study physical education or public relations than agriculture or mining in America... So there's going to be huge shortages in those fields. The average age of farmers in America is 58. In 10 years, if they're still alive, they'll be 68. In Japan, the average age of farmers is already 66. So there are magnificent opportunities in areas like agriculture, engineering, and mining for people who love it. Producing real goods... That's where the next fortunes are going to be made. - in Daily Crux






Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Expect some more Sell-off in the next couple of Years

Legendary investor Jim Rogers interviewed by the Indian TV NDTV - August 26, 2011 :
Jim Rogers : the world is realizing that we have serious problems in the world we had a little charade in America and charade in Europe and now the world is realizing we got problems and people are starting to face reality ....this is not a one day thing this has been building for a while people have ben worried about the markets , if you look around the world you will see that people have ben worried about the stock markets and continue for a while , commodity market have been doing better , but in this moment everything is going down because everybody is afraid of everything



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Investors can now open bank accounts in Yuan outside of China

Jim Rogers : RMB (Chinese Yuan ) is best, the US dollar is probably good in the short term, but the absolute worst over the long term.There are various ways to get RMB exposure outside China, investors can now open bank accounts in renminbi in various cities like New York, San Francisco, Hong Kong, Singapore and others and can buy renminbi-denominated bonds in the international markets. - in CNBC



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The Swiss Central Bank is Making a Huge Mistake

Jim Rogers  : 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 started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : Finance is going to be a horrible place to be

Jim Rogers : Actually, Wall Street was a disaster the years I was there. And I did OK. I know Roy Neuberger who started Neuberger Berman went to Wall Street in 1929 – it couldn't have been a worse time – and yet he became wildly successful in finance. So of course it can be done. But the numbers of people who do it are going to be very few and far between going forward. You'll need to be very passionate about it, because the wind is going to be in your face. In 1958, America had 5,000 MBAs every year and the rest of the world had none. Now, America has a couple hundred thousand every year and the rest of the world has tens of thousands. So there's huge competition in finance. By the way, an MBA won't teach you about commodities or raw materials. It will teach you mainly about stocks, bonds, and options. But now there's huge competition at a time when there's staggering debt in the financial world, and politicians all over the world are coming down hard against banks, brokers, and financial institutions. Taxes, regulations, requirements. So, finance is going to be a horrible place to be, just as it was in the '50s, '60s, and '70s. I mean, almost no one went to Wall Street in the '50s, '60s, and '70s. The city of London was a wasteland in those days. And then we had the big bull market and that all changed. But now, we're going back to a period where the producers of the real goods are the ones in charge, making the money and the excitement. This has happened repeatedly throughout history. We've had long periods when the financial types were the kingpins, and we've had long periods when the producers of real goods were the kingpins. It's reversing again now, and we're just going back to what's always happened. - in The Daily Crux



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Keeping all your money in cash could be a disaster

Jim Rogers : ...I would also urge everyone to learn how to sell short. If you don't want to do that, at least learn about currencies. You don't want to keep all your money in cash in difficult times. A lot of people put all their money into Icelandic krona and thought they were fine. Of course, we know Iceland went bankrupt and the krona collapsed. So be sure you learn something about currencies, because keeping all your money in cash could be a disaster. - in The DailyCrux





Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

I would urge everyone to learn about investing outside of the U.S.

Jim Rogers : .....As unlikely as it appears, these things happen... And they're happening in the U.S. right now. So I keep looking for what could happen to cause a revival in the U.S. We have agriculture, but even our agriculture is facing problems. Conceivably, we have a lot of shale gas. If that technology is ever perfected, that would help the U.S. But these things are not enough to turn the U.S. around permanently, just as the North Sea was not enough to turn the U.K. around permanently. So, no... Right now, I'm not bullish on the future... And I would urge everyone to learn about investing outside of the U.S.  - in The Daily Crux



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : The emerging markets stocks have been over exploited

Jim Rogers : the emerging markets stocks have been over exploited right now there are 20 000 MBAs roaming around the world looking for new hot emerging markets stocks that's not a bottom you are old enough to know that that's surely not a bottom , the time to buy them will be when the 20000 MBAs will be out of jobs , that will be the time to go back into the emerging markets stocks - in Bloomberg Radio 




 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

We have a shortage of farmers developing

Jim Rogers Bloomberg Radio Interview - 19 Aug 2011

Jim Rogers : we have as you probably know a shortage of farmers developing , the average age of a farmer in America and Australia is 58 , in Japan the average age is 66 I mean nobody became a farmer for 30 years .... The world has been consuming more than it has been producing for so long now that's why the inventories are so low and all these guys are getting older and older


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Singapore is the greatest success story in the past 40 years for a country

Jim Rogers : “Singapore is the greatest success story in the past 40 years for a country,” “If Singapore closes up, it’s the beginning of the end.” - in Bloomberg 



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

El-Erian : The Job Market in the US is Grim and Scary

Mohamed El-Erian : It is Grim and Scary Betty , if you look at few months average we are now down to 35 000 that is too low , it is too low for job creation it is too low for regaining confidence , and it is not just the levels that worry us here at PIMCO it is the composition of the unemployment and it is the duration of the unemployment so which ever way you look at it , level composition or duration this is a worrisome report and hopefully it will ring alarm bells in Washington ....

Jim Rogers on Derivatives

Jim Rogers : Derivatives ? well if by derivatives you mean Futures , Futures as I said before are going to have a major place because commodities and hard currencies are going to have a lot of turmoil and a lot of activity so anybody on the futures market who knows what he is doing is going to make a lot of money , If by derivatives you mean things like subprime mortgages and some of the paper that people have come up with , you are probably going to see plenty of bankruptcies in that area , I mean the amount of off balance sheet items in places like JP Morgan well you name them all the banks have staggering staggering amounts of off balance sheet derivatives even they do not know what they have got we are going to see plenty of bankruptcies that's going to be a source of many bankruptcies going forward  - in TMRN Time Monk Radio - 2011-08-21





Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

If you are a foreigner a banker or a journalist you better move

Jim Rogers :....this is not necessarily a great world we are looking forward to , we got these great imbalances with assets in the east in Asia , huge debt in the west which can never be paid social unrest is going to get worse as inflation gets worse , we are going to see more countries collapse , no no when those kind of things happen one of the things that people always do politicians always do , they always blame three groups of people , they blame Foreigners because foreigners do not vote or do not have a say that's easy to blame foreigners , they blame financiers , Bankers people with money because everybody knows that the bankers are evil and selfish and greedy so it is easy to blame them especially if they are foreign bankers , and then they always blame the press because if the press did not lie about these problems they wouldn't have these problems so if you are a foreigner a banker or a journalist you better move because those people are going to get serious attacks in the future and there will be exchange controls in many parts of the world especially if war breaks up , cause during war time most places impose strict exchange controls  - in TMRN Time Monk Radio - 2011-08-21






Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

I have moved as many of my assets out of the US as I possibly can because I expect serious exchange controls in the foreseeable future there

Jim Rogers : I do expect Exchange Controls more exchange controls they ae already in some countries like Brazil as you probably know , so I would certainly expect exchange controls in the US , I have moved as many of my assets out of the US as I possibly can because I expect serious exchange controls in the foreseeable future there , they are only going to make the situation worse but that's what the politicians always throughout history throughout the world have resorted to , so yes we are going to see more exchange controls , again I just do not have my money trapped in any countries that have them .. - in TMRN Time Monk Radio - 2011-08-21




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Brazil and Africa to become the food baskets of the world

Legendary Jim Rogers said that we are suffering from a shortage of farmers and that great fortunes are going to be made in farming in the next decade cause the prices are going to be so high , he suggested moving to Brazil or Africa to start a farming business these are the places that have all the conditions to become the new food baskets of the world .: "....The water table in the south west I am told by people who claim they know is under terrible stress and within a decade there are not going to be agriculture in the south west because the aquifer is draining so fast , we do have some excess land in the US which can be brought in production but we are not what we used to be we are not Brazil for instance , Brazil has huge amount of land which can b brought into production , Africa has huge amount of land that can be brought into production , and so if you want to be a farmer or if you want to marry a farmer I would suggest going to Brazil or Africa or some of the places where the fortunes are going to be even bigger and better , there are a lot of women farmers too , so guys who are looking for a rich and smart wife that's the place to go..." - in TMRN Time Monk Radio - 2011-08-21




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

How do trend followers invest in turmoil

Jim Rogers : "There are plenty of reasons for the market to go down, nothing to do with S&P. If it does turn out into a selling climax I will cover some of my shorts or all of them because that sort of action usually leads to a reversal at some point".



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Commodities are easier to understand than stocks

Jim Rogers : The best thing you can do as an investor is do nothing most of the time unless you are a day trader or short term trader , most fortunes are made by guys who wait until they find something that they know is a sure thing or nearly a sure thing and then they jump in with both feet I will urge people to do the same thing with commodities , mistakes people make in the commodities are nearly almost the same mistakes people do in anything but I urge people to understand , if you do your home work commodities are easier to understand than stocks - in TMRN Time Monk Radio - 2011-08-21




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Investing in an index is the best way to invest in Commodities

Jim Rogers : You make more money in futures trade as you know because of the leverage you only have to put down 5 or 10 percent and you can buy huge amounts of most commodities you cannot do that with stocks or ETFs , having said that , if you understand specific commodities ETFs or away I presumably talk about ETFs on specific commodities then yes but I will quickly add to it the study shows that most people are better of investing in indexes no matter what the asset class as you well know passive investing outperforms active managers 70 or 75 percent at a time year after year after year , for most people if they decide to invest in commodities having done their homework investing in an index is the best way to invest but that's true of stocks bonds currencies and everything else - in TMRN Time Monk Radio - 2011-08-21



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The only areas of the world economy that are going to be dynamic are natural resources

Jim Rogers : Unless you know something I don't know, yes, absolutely. The only areas of the world economy I see that are going to be dynamic are natural resources; farming is going to be one of the best professions of the next 10 or 20 or 30 years. - in BBC



 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

China should have opened its currency to make it a convertible currency

Jim Rogers : Yes, China has got some problems and they will continue to have problems. Fortunately, they realized the problem. They are trying to cut back on the inflation. They have made some mistakes too. They should have opened their currency to make it a convertible currency. The fact that it's not convertible and all that money trapped in China is just adding to the inflation. So yeah, they are making mistakes too. Still, I'd rather be with the creditors than with the debtors any day.
 



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

The largest creditor nations in the world now, are China, Korea, Japan, Taiwan, Hong Kong, Singapore.

Jim Rogers : Absolutely, aren't you? Listen to the BBC and you will hear what's going on in the world. The 19th century was the century of the UK, the 20th century was the century of the US, the 21st century is the century of China, of Asia, Justin. I mean, here is a simple fact. The largest creditor nations in the world now, Justin, 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. You know who the debtors are and where they are. - in BBC News



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

it is physically, humanly impossible for the U.S. to ever pay off its debt

Jim Rogers : It seems to me it's physically, humanly impossible for the U.S. to ever pay off its debt," "They can roll it over and continue to play the charade, but the U.S. is bankrupt." - in CNBC 


 
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

do not get an MBA and go to Wall Street, go and get a farming degree and move to Asia.

Jim Rogers : Because you asked where the best areas of the world economy are going to be, that's where the shortages are developing. In the 1970s, most of the world's economies were in the tank, but commodities boomed. Justin, we had one of the great world markets of history in commodities for about 15, 20 years in the '70s, between the '60s and the early '80s in commodities, because we had huge shortages everywhere and because governments everywhere printed money. Well, governments are printing money again. It's a wrong thing to do Justin, but that's all they know to do. So between shortages of supply and money printing, if you want to be in the dynamic parts of the world economy, don't get an MBA and go to Wall Street, go and get a farming degree and move to Asia. - in BBC News




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : Farming has been a disaster for 30 years

Jim Rogers : Farming has been a disaster for 30 years, Justin. The average age of farmers in America is 58 because it's been such a horrible business. The average age of farmers in Japan is 66. In Australia, it's 58. I could go on and on. In 10 years, those farmers are going to be 68 if they are still alive. Justin, we have huge shortages developing in agriculture and great fortunes are going to be made by the people who address those problems. - in BBC News   
 

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Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : Expect more sell-off in the next couple of years

Jim Rogers on NDTV Indian TV : The world is realizing that we have serious problems in the world we had a little charade in America a charade in Europe and now the world is realizing e got problems and the people are starting to face reality ...this is not a one day thing this has been building for a while people have been worried about markets if you look around the world you see that people have been worried about stock markets for a while , commodity markets have been doing better but at the moment everything is going down because everybody is afraid of everything ...in the next two years or so we are going to see more terrible sell-off (than in 2008) because the world is in terrible trouble , America has quadrupled its debt in the last three years the overall situation around the world has gotten worse not better ....


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Jim Rogers : we wont see a Gold backed Yuan anytime soon

Jim Rogers : I do not think that will happen any time soon , it may happen if and when the world really sinks into a terrible crisis we certainly have more of these semi crisis coming in the future but at some point may be the world is so in catastrophe that it will reach for gold I do not see anybody doing that any time soon , gold does impose restrictions on politicians , if it happened it would be because the people insisted on something like gold , it probably will come a time like that again but I am afraid it won't be anytime soon....- - in Time Monk Radio - 2011-08-21


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

If the COMEX collapses we are going to have Civil War

Jim Rogers on TMRN Time Monk Radio - 2011-08-21

Jim Rogers : If the COMEX collapses it is going to be social unrest civil war and war...we already started Quantitative Easing they are trying to disguise it they do not want to admit that they are doing it , but they have announced that they are going to keep interest rates low for two years the only way you can do that is to interfere in the market or go into the market and keep rates down you can't just say it out loud it does not make it happen so they are already in the market trying to keep interest rates down , because interest rates are eventually going to go much higher after all this absurdity now even if they have announced something I am sure they will try to continue to disguise it and call it something else they have already fooled a lot of people with this most recent announcement



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

Greece should stay in the Euro

Jim Rogers : "Greece should stay in the euro, but make them go bankrupt, make them stop spending, make the people who lent the money to the wrong people lose money,"



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.

I would not buy the Euro now but I am certainly not selling it

Jim Rogers : "I wouldn't buy the euro now but I am certainly not selling it as I expect it to go up,"  "If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either." - in Reuters




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.