Monday, September 30, 2013

Full of Crazy Regulations and Controls

You should get on the next plane you can and head to Myanmar or North Korea — maybe Angola,” said Jim Rogers, naming three countries normally grouped together for human rights abuses.

Jim Rogers moved to Singapore a few years ago, and he has consistently told young, ambitious people that they should follow suit, leaving London and New York City behind. He’s been impressed with the dynamism and work ethic he sees in Asia, but now that India is facing serious problems he is looking to put his money elsewhere.

“In 1980, India was much, much more successful than China,” he says. “Since then, China’s run circles around there… [They’re] full of bureaucracy, full of crazy regulations and controls. Their currency’s not convertible — it’s a mess.”

- Source, Value Walk:

Saturday, September 28, 2013

India is Bad for Business

Have you ever been to India? If you can only visit one country you should go there. It is the most exceptional country in the world from a tourist point of view. But from the point of view of doing business, it’s the worst bureaucracy in the world, and the infrastructure’s a nightmare. It’s a very extraordinary place to visit – the languages; the man-made and natural marvels; the food; the religions; the languages. It’s extraordinary, but not as a place to do business unless you are in with the right people. If you are in with the government – the right part of the government – yeah, you’ll make a lot of money. But otherwise be very careful.

- Jim Rogers via Gold Money:

Thursday, September 26, 2013

Is the Gold Rush Over?

Jim Rogers appears on FOX Business, where he talks about the current gold market. He says he owns Coins and ETF's.

- Source, Fox Business:

Saturday, September 21, 2013

Be Worried, Be Careful

Famed investor Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. . . . This is the first time we've had massive debasement, and it’s going to end very badly no matter what they say.”

Rogers, who has written books on global investing, says, “Whether they keep printing or stop printing money globally, it is going to end badly.” If money printing stops, Rogers contends, “Banks are not going to be lending. Financial markets are going to go down. Currency markets are going to be in great turmoil. It’s not going to be any fun.” And if the money printing continues, Rogers says, “You've got bubble in some sectors, you have inflation, and then you have interest rates going up. Currency markets are in turmoil, and it’s a mess because printing money is artificial. It’s never worked.”

As the economy slows down, Rogers predicts, “They’re going to take money wherever they can. . . . They’re going to take our bank accounts and retirement accounts.” Rogers concludes by saying, “We've had perilous times, and it’s going to get worse. . . It’s coming, be worried, be careful.

- Source, USA Watchdog:

Thursday, September 19, 2013

US Economy is no Longer Producing

US Economy is no longer producing. There are no more farmers just wall street

Tuesday, September 17, 2013

Financial Calamity is Coming

Multi-millionaire investor Jim Rogers predicts, "They're going to take money wherever they can. . . . They're going to take our bank accounts and retirement accounts." Rogers concludes by saying, "We've had perilous times, and it's going to get worse. . . It's coming, be worried, be careful." Join Greg Hunter as he goes One-on-One with Jim Rogers, author of "Street Smarts, Adventures on the Road and in the Markets."

- Source, USA Watchdog:

Sunday, September 15, 2013

Prepare for Market Panic

Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market "mess," says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit.

- Jim Rogers via Reuters TV:

Sunday, September 8, 2013

Gold is Harder to Value

The amount mined and consumed is very low compared to the overall inventory of gold. All the gold ever mined is still somewhere and that is going to continue for the foreseeable future. From that point of view I guess it is harder to value – to figure out the price of gold – rather than wheat for instance.

- Jim Rogers via Gold Money: