, Jim Rogers Blog: August 2013

Wednesday, August 28, 2013

Gold Has Been Money

Everybody has their own view. Mine is that gold is not money until you can go into a shop and get someone to accept it as money. Gold, certainly in recent decades, is nothing more than a commodity. Yes at times it has been money in the past, but so has silver, so have seashells, so have cattle. A lot of things have been used as money. Silver has been money more than gold historically, and throughout the world there is a lot more silver around.

- Jim Rogers via Gold Money:

Tuesday, August 20, 2013

There Are a Lot of Mystics

I own gold and haven’t sold any, we are in a long overdue and much needed correction. The anomaly was that gold had been up 12 years in a row. That’s not normal, typical action. It’s abnormal, which worries me and should worry all the gold bulls. It has now corrected for some 18 to 20 months now. I find that encouraging. I mean, I don’t know, because I'm not a very good market timer, but I do know that most corrections go on long enough to scare a lot of people and scare them out of their positions, and that’s what I would expect to happen.

I've had people write to me and say: “gold cannot go down 30%”, and I say: “turn on your computer. It’s there.” There are a lot of mystics that are still true believers. 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.

- Jim Rogers via a recent Gold Money interview:

Friday, August 16, 2013

I Think There is More Money to be Made in Agriculture

Rogers is sticking his money in agriculture. “I think there is more money to be made in agriculture… The world is facing a serious demographic and production problem. If something doesn't change then we won’t have food at any price.”

It’s a drum he’s been banging for a while now but he thinks that recent price drops have created a buying opportunity. “I don’t think we've had the final bottom in gold but we must be nearing it in sugar. Sugar is down 75% from its all-time high – there’s not much in the world that is down 75%.”

- Source, Money Week, read the full article here:

Thursday, August 15, 2013

How the World Works

Every once in a while I get it right. Even I get it right sometimes. Vindicated? I don’t take any great pleasure in it. I just talk about the way the world works. It’s reality. Unfortunately some people don’t like to see how the world works.

- Jim Rogers via Gold Money:

Wednesday, August 14, 2013

China Can See a Recession

"I don’t trust numbers from any government, as most are made up, as you probably know. China has had astonishing growth, but they have problems with housing and inflation. We had the same problems in the 19th century when we were growing rapidly. Every country that rises rapidly has problems. China can see a recession, but the US saw recessions and 13 depressions in the 19th century, and was still the greatest nation in the 20th century. They are trying to slow down, which is the right thing to do. It’s natural they slow down from these growth rates. They are preparing the economy for long term sustainable growth. The only way the China story runs into big problems is if they run out of water. China has a major water problem. They are working hard to solve it. I believe they will solve it. If you want to make a lot of money find companies that are working to fix that problem. As for their stock market, it’s getting closer to a buy. I bought a few shares on Friday. Their market is getting to the point it should be bought."

- Source, Guru Focus:

Monday, August 12, 2013

Gold Will Fall Further

American commodities guru Jim Rogers is on something of a roll.

The 70-year old retired hedge fund manager, who co-founded the Quantum Fund with George Soros, has made a series of accurate market predictions, which have increased his standing with investors.

So anyone holding gold might be worried to hear that Rogers thinks the yellow metal, which is already in a bear market, is set to fall another 25%.

However, don’t panic: Rogers isn’t selling – he thinks gold’s best days still lie ahead of it.

Rogers first came to mainstream attention when he correctly predicted the bull market for commodity prices at the start of the century. As that prediction turned to fact, it eventually became a pretty crowded trade, but Rogers marked himself out again when he turned bearish on gold around January 2012.

At the time, gold was riding high at around $1,600 an ounce, but Rogers predicted it would drop to $1,200-$1,300. That’s more or less exactly what happened.
Now Rogers thinks that gold will fall further – to $900 per ounce. As he explains in a recent Financial Times interview, his reasoning for this prediction is very simple: “Gold has gone up 12 years in a row, which is terribly unusual for any asset, so it would be an anomaly if there was not a correction.”

- Source, Money Week, Read the full article here:

Saturday, August 10, 2013

The Government’s Gotten Worse

Jim, one of the world’s renowned investors and a best-selling author, is known for his far-sightedness and contrarian calls.

In this interview he shared why he is “short India” and why India may be a good tourist destination but it’s still not investment worthy on a global platform.

Looking back at the last five years of Indian Economy, Jim said, “The government’s gotten worse; India’s gotten worse; the debt’s gotten worse; inflations gotten worse; the economy’s gotten worse… everything’s gotten worse.”

When Rahul Goel, CEO of Equitymaster, questioned him about his views on the global economy, Jim shared, “We’ve had every major central bank printing huge amounts of money. So, the world is floating on a very artificial lake”.

He further went on to warn the investors across the globe that “The next economic slowdown will be worse than 2008-09” and why investors should not listen to other people and invest only in what they know about.

Taking a strike on the Indian political instability, he said,”(Since 1980) …politicians made more and more mistakes in India. I don’t see that changing anytime soon.”

The interview also covers his views on gold, US stocks, crude oil, amongst many more.

Equitymaster has released the complete interview on their website and it can be accessed on:

Thursday, August 8, 2013

Money Flooding Into the Market




GoldSeek Radio's Chris Waltzek talks to famed investor Jim Rogers.

- Source, Gold Seek Radio:

Saturday, August 3, 2013

Optimistic About Agriculture

Unless the price of agricultural goods goes up a lot, we are not going to have any farmers at any price. Something has to attract people into the agricultural business and the only thing that will is higher profitability and that means higher prices whether we like it or not. I cannot tell you how optimistic I am about agriculture going forward.

- Jim Rogers via The Prospect Group:

Thursday, August 1, 2013

Perilous Times Ahead


Jim Rogers is a world renowned commodity investor and author of 'Street Smarts: Adventures on the Road and in the Markets'. He spoke with The Prospect Group about commodity and currency markets, the coming bull market in agriculture, and how investors can protect themselves from the hard times ahead.

- Source, The Prospect Group: