, Jim Rogers Blog: May 2013

Wednesday, May 29, 2013

There's No Market in North Korea

“If you really want to get rich now, what you should do is go to North Korea,” he said. But investing in North Korea isn’t easy. “You can buy stamps or you can buy gold or silver coins,” Rogers explained. “There’s no stock market.”

- Source, Jim Rogers via a recent Smart Planet interview:

Thursday, May 23, 2013

Your Bank Account Isn't Safe

”Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried and I'm taking preparations. Who knows if I'm right or not, but I'd rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account… but now it’s been [taken] with the sanctions of many governments and institutions.”

- Jim Rogers via a recent Lew Rockwell interview:

Tuesday, May 21, 2013

You’re Bailing Out Incompetence

"Japan faced problems such as we’re facing now, and they refused to let people go bankrupt, they propped up the banks, they propped up a lot of companies, and they came to be known as the zombie banks and zombie companies, and as you know the Japanese talk about the 1990s as the lost decade. But now you’re talking about two lost decades. Their stock market is down 75% from where it was 23 years ago. That is not a typo, it’s down 75%. We’re going the same way. We refuse to let people go bankrupt, prop up everybody in sight, and the problem with that is you’re rewarding incompetence, you’re bailing out incompetence, rather than allowing new people, new energy, new capital, and new competition. It’s called the green shoots, from Joseph Schumpeter. One of the great beauties of capitalism is creative destruction, which allows the green shoots of new energy, and new capital, and new ideas to develop. They’re not allowing that in the United States these days, just as Japan refused to allow it for the last 23 years."

- Source, Investors Guide:

Sunday, May 19, 2013

Lessons In Investing


Jim Rogers joins Mamta Badkar on Business Insider. During this interview Jim Rogers shares his insights on where the market is going and how he believes an individual should invest.

- Source, Business Insider:

Friday, May 17, 2013

All Governments Debasing Their Currency at the Same Time


"Forget last week's sell-off in gold. Jim Rogers says it's going higher. How high? "If the U.S. dollar becomes confetti, any number you want to make up. They're printing U.S. dollars fast enough to turn them into confetti. Who knows how high gold will go as long as we have a mad man running the central bank," says Rogers."

- Source, USA Watchdog:

Monday, May 6, 2013

Invest in What You Know

Nobody should invest in anything that they themselves don’t understand. So if I sat here and said you should do x, y, z, and people don’t have a clue what I’m talking about, they should probably ignore what I say or even what you say. Nobody should invest in something that they don’t understand. If you know nothing about gold except that it’s supposedly valuable, you shouldn’t buy it, or invest in anything you don’t know about. But once you know a lot about something, you will probably figure out some ways to protect yourself. I mean if you have your own business, like you, usually the best thing to invest in is your own business, because you know more about that than anything else. I have various ways that I’m trying to protect myself, but even if I told you I’m doing x, I might change my mind tomorrow afternoon, and then you would be stuck doing x because I said it. I’m not going to call you and tell you I changed my mind on that position. So people really need to invest in only what they themselves know a lot about.

- Source, Investors Guide: