- Source, Yahoo:
Saturday, June 29, 2013
4200% Returns Still Possible
Thursday, June 27, 2013
Thank Goodness for Gold Correction
- Source, Kitco News:
Tuesday, June 25, 2013
Cut Down on What You Have in Your Bank Account
"If people have money in any account, anywhere in the world…cut it down to under the guaranteed amount. They might take that too someday when things get desperate, because the precedent has been set, but that’s where I would start if I had money in the bank anywhere in the world.”
- Jim Rogers via a Lew Rockwell Interview:
Sunday, June 23, 2013
Jim Rogers - Gold Price in 2014
- Source, Russia Today:
Friday, June 21, 2013
I Bought More Gold Today Bull Market Far From Over
When Jim Rogers talks, investors listen. Rogers may be the world’s best-known commodity investor, with his Rogers International Commodity Index and best-selling books, including “Hot Commodities.” HAI Managing Editor Sumit Roy spoke this week with Rogers from his home in Singapore about commodities, including whether he’s ready to buy gold after the recent plunge in prices.
HardAssetsInvestor: A lot of investment banks have recently called an end to the commodities super cycle that began more than a decade ago. Do you think they’re wrong?
Jim Rogers: I'm delighted to hear that. Bull markets climb a wall of worry. I'm not quite sure where the supply is coming from that would cause the bull market to end. Maybe they know something I don’t. But when you look back at the stock bull market from 1982 to 2000, stocks collapsed in 1987, ’89, ’90, ’94, ’97, ’98. And every time, people said the bull market is over. But it wasn't. This bull market in commodities will definitely come to an end someday. But someday is not here yet.
HAI: What signs do you look for to determine when the bull market is close to ending or has ended?
Rogers: Well, when there’s massive new supply coming on stream, then we’ll have the end of the bull market. But the world has consumed more agriculture products than it has produced for a decade now. But worse than that, we’re running out of farmers. The average age of farmers in America is 58; in Japan, it’s 66. Many of the industrial metals are now below the cost of production.
And nearly everybody has cut back dramatically on their expansion plans and investment plans. Oil reserves are declining pretty steadily around the world. We do have shale oil, which has caused a rise in supply. But that’s only in the U.S; the rest of the world has declined. Moreover, it remains to be seen how long the oil boom in the U.S. will continue.
HAI: All the talk recently has been about the recent plunge in gold. You've been saying, for a long time now— even when prices were hitting record highs—that you weren't going to buy until prices corrected to $1,200. Are you still planning on buying there?
Rogers: Yes, if it gets there. I bought more today, as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any.
HAI: How do you determine whether gold is a good value or not? What has to happen for you to get completely out of gold and stay out?
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
HardAssetsInvestor: A lot of investment banks have recently called an end to the commodities super cycle that began more than a decade ago. Do you think they’re wrong?
Jim Rogers: I'm delighted to hear that. Bull markets climb a wall of worry. I'm not quite sure where the supply is coming from that would cause the bull market to end. Maybe they know something I don’t. But when you look back at the stock bull market from 1982 to 2000, stocks collapsed in 1987, ’89, ’90, ’94, ’97, ’98. And every time, people said the bull market is over. But it wasn't. This bull market in commodities will definitely come to an end someday. But someday is not here yet.
HAI: What signs do you look for to determine when the bull market is close to ending or has ended?
Rogers: Well, when there’s massive new supply coming on stream, then we’ll have the end of the bull market. But the world has consumed more agriculture products than it has produced for a decade now. But worse than that, we’re running out of farmers. The average age of farmers in America is 58; in Japan, it’s 66. Many of the industrial metals are now below the cost of production.
And nearly everybody has cut back dramatically on their expansion plans and investment plans. Oil reserves are declining pretty steadily around the world. We do have shale oil, which has caused a rise in supply. But that’s only in the U.S; the rest of the world has declined. Moreover, it remains to be seen how long the oil boom in the U.S. will continue.
HAI: All the talk recently has been about the recent plunge in gold. You've been saying, for a long time now— even when prices were hitting record highs—that you weren't going to buy until prices corrected to $1,200. Are you still planning on buying there?
Rogers: Yes, if it gets there. I bought more today, as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any.
HAI: How do you determine whether gold is a good value or not? What has to happen for you to get completely out of gold and stay out?
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
Rogers: All these things will end in a bubble some day. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying “We buy gold.” And the American people line up to sell gold. Later there’ll be signs there saying, “We sell gold,” and people will be lining up to buy it in big ways. That hasn't happened yet.
- Source, Hard Assets Investor:
Monday, June 17, 2013
You Have to Find Your Own Way
"Everybody’s got to find their own way. Listening to me, maybe it’s fun, maybe it’s boring, who knows, you’re not going to succeed until you find your own way. I mean if you’re a musician you’ve got to find your own sound, your own way. Great musicians through history were the people who had their own madness, and were proud of their madness, especially if it was not what everybody else is doing. Well, the same is true of art, literature, politics, finance...especially finance. Yeah, you can copy other people, and many people do, that’s why everybody invests in the same thing, and that’s why it winds up being a bad investment. No, you’ve got to figure out your own way, no matter how absurd your way may sound, especially if your own way sounds absurd to others, you should pursue it even harder. You can learn from other people, but don’t try to be like Joe or Sally, try to be like yourself."
- Source, Investors Guide:
Saturday, June 15, 2013
I Don't Want to Own Equities Right Now
"I do not really want to own equities right now. I owned a fair amount of Japanese equities. I sold most of them two weeks ago. I am not very optimistic about equities because you see what happened in Japan when people started getting worried about the end of the artificiality. When everybody realises that all the central banks are going to have to cut back, it is not going to be fun. The Japanese stock market has collapsed in three days. You just wait and the whole world has to face its problem."
- Jim Rogers via a recent Economic Times interview:
Thursday, June 13, 2013
Gold Correction is Not Over Yet
“It has now corrected for some 18-to-20 months now. I find that encouraging. Until it scares a lot of people, the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.”
- Source, Jim Rogers via a recent CBS Market Watch interview.
Tuesday, June 11, 2013
Every Major Central Bank is Printing Money
- Source, CCTV America:
Sunday, June 9, 2013
What Price You Should Start Buying Gold
- Source, Fox Business:
Friday, June 7, 2013
Investing in North Korea
- Source, Reuters:
Wednesday, June 5, 2013
Long Overdue for a Correction
Sunday, June 2, 2013
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