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%.

Tuesday, October 4, 2011

Jim Rogers video Interview with RT America 03 Oct 2011

legendary investor Jim Rogers all the way from Singapore was interviewed by RT America about a possible trade war between America and China and the currency manipulation and the implications of a possible trade war on the global economic situation in the world ,

The Indian rupee will be weak for a while

Jim Rogers : I know it has. I had noticed that. What has really happened is there is a flight into the US dollar, people would panic. Now the US dollar is not a safe haven. I assure you US dollar has got terrible problems and it is a very flawed currency, but in the panic, people are rushing into dollars because they do not know what else to do and that is going to continue to make the rupee and other currencies weak at least for a while. Now there should be a rally in the rupee soon, but as long as people are terrified, they are going to run into places like Swiss frank or the yen or the US dollar. So be prepared for weak rupee for a while.- in ET Now

I am short all Emerging Markets

Jim Rogers : I own the US dollar and as far as the emerging markets, I have sold them sure. I am short all emerging markets, basket of emerging markets. So I am not optimistic about emerging market stocks. I do own the dollar. I bought the US dollar as we have discussed here before because everybody has been so pessimistic about it. I have no idea how long I will own the dollar, whether own it a day, a week, a year, I do not know. But I do own the US dollar as we speak. - in ET Now

Sugar is going to at least double or triple before this is over

Jim Rogers : I own sugar. it is part of the Rogers Index. I would expect sugar to go much higher over the next few years. Sugar is going to at least double or triple before this is over. Do not sell your sugar. Think about buying more. - in ET Now

If the US dollar goes confetti there is no top for Gold

Jim Rogers : I have no idea. Gold will move into bubble eventually. All long-term bull markets in every asset wind up in a bubble at the end. So I don’t know. I guess it’ll depend on the bubble. I mean if the US dollar goes confetti there is no top. It depends on how the bubble develops. I fully expect a bubble. Not for a few years but all bubbles look the same. And I hope I’ll be smart enough to recognize the bubble when it comes. - in Goldseek Radio

Silver : This is a good time to buy

Jim Rogers : We’re certainly getting closer. I didn’t reach out and buy partly because I’m doing other things. But we’re certainly getting closer to a low, a good time to buy. We may have already seen it for all I know. Gold is only down 20% or so, not nearly as much as silver. I haven’t bought either this week or so mainly because I’ve been doing other things. I’m still a buyer at the right time. - in Goldseek Radio

CME margin increases led to margin calls and the liquidation?

Jim Rogers : That’s some of it. The grace margin climbed just a few times for several metals that you know. That’s certainly part of it. But there are many reasons. 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% and then gold went down 50%, scared everybody’s socks 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%. That’s not a typo - 850%. 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. - in Goldseek Radio

The M2 numbers jumped up

Jim Rogers : It’s just a royal disaster. I mean you can’t say there’s no QE3. There is. As soon as he announced he was going to keep interest rates low, how do you think he’s going to do that? He has to go into the market. He can’t just say the words. The M2 numbers started the week he said it and the M2 numbers just jumped up. As soon as he said they’re going to keep interest rates low. You’ve got to go into the market. You can’t just say the words.- in Goldseek Radio
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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