Jim Rogers : Ben Bernanke is an idiot
Jim Rogers did today 14 july an interview with the Indian magazine The Economic Times ET Now ;
he said "I have a silver coin in my pocket... I also have a gold coin, but the silver one is probably my better play. If I were a bright young man, I would be buying sugar and silver, given the state of the world. That’s not a recommendation, but I am just saying I do own some silver. Silver is cheaper than many things on a historic basis." and he also called Ben Bernanke an Idiothe also talked about the falling dollar and the currency crisis ...
Read the Full Interview here
Transcript :
Ben Bernanke: Hero or villian?
He's an idiot.
US stocks: Buy now or stay away?
I'm not buying them.
US banking stocks: Short them or stay away?
I'm doing neither. I am watching. They're down a whole lot.
US bonds: Short them or stay away?
I'm doing neither right now. My next move will probably be to sell them short.
In Asia: Sri Lankan stocks or Indian equities?
I'd rather buy Sri Lanka than India.
Chinese stocks or Indian stocks?
I'm not buying either at the moment. I don't own any Indian stocks. I own Chinese shares which I am not selling. The Indian... I wouldn't buy either.
Gold or silver?
I'd rather buy silver today. I own both and I'm not selling either.
