, Jim Rogers Blog: November 2013

Saturday, November 30, 2013

India is Doing it's Best to Kill the Gold Market

I am not buying gold. I own gold. I have owned gold for many years. Part of the reason that I am not buying now is that gold went up for 12 years in a row, which is extremely unusual for any asset.

I suspect that the consolidation or correction in the gold market is going to be an anomaly as well. India is doing its best to kill the gold market. India is trying to make sure that Indians do not buy or import any more gold. They (Indian government) is trying to figure out what will make Indians sell gold. While the Indian politicians are fooling around with the gold market (that is another reason that I am not buying), if gold goes down under $1000, I hope I am smart enough to buy a lot more.
- Source, Jim Rogers via the Economic Times:

Thursday, November 28, 2013

Not Optimistic About India

I am not very optimistic about India. It is a wonderful country but has not been managed very well for decades. There is always money being printing around the world and some of it is going to slosh into India. Some of it is already sloshing in, but as far as the economy is concerned, India needs new politicians.

- Source, Jim Rogers via the Economic Times:

Sunday, November 24, 2013

Market Will Eventually Force the FED to Taper

If and when the Federal Reserve stops or even slows down printing money, and other banks also slow down, I do not think the Japanese will slow down. Maybe the English and the European banks will. There will be a moderating affect on markets because that is where most of the money has gone.

I am not sure it (Fed slowing down money printing) is going to happen. Firstly, Bernanke will not do it while he is here (Fed Chairman) because he does not want to go out with an egg on his face. Secondly, Ms Yellen is coming in. I doubt if she is going to do it at first anyway because, a) she is keen on printing money and b) she knows what will happen when they start slowing down. So she is not going to do it anytime soon. If they do start slowing down, the markets are going to react and they (Fed) will panic and come back and say, "oh we are sorry". So, I do not see much tapering anytime soon.

The market eventually will force them (Fed) to cut back. Eventually, the market is going to say, "we do not want this garbage paper anymore, we do not want to play this game anymore". But, I do not see that happening anytime soon.

- Source, Jim Rogers via the Economic Times:

Friday, November 22, 2013

Jim Rogers Interview on Commodities and Global Stocks


Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy for global stocks and commodities. Gold advanced, approaching a record, as tensions in the Middle East boosted oil prices, increasing demand for precious metals as a protector of wealth and hedge against inflation. Rogers also discusses his strategy for the U.S. dollar.

- Source, Bloomberg TV:

http://www.bloomberg.com/video/67100110-jim-rogers-interview-on-commodities-global-stocks.html

Wednesday, November 20, 2013

Doug Casey & Jim Rogers Legendary Investors Roundtable


Jason Burack of Wall St for Main St hosted Wall St for Main St's first Legendary Investor's Round Table with Doug Casey and Jim Rogers.

During this 50+ minute discussion, which listeners will not find anywhere else on the internet, Jim and Doug discuss today's world economic and financial situation within the context of financial history and past financial panics. Similarities to the past from other financial panics throughout history are discussed along with the US' similarities to the Roman Empire, British Empire and Soviet Union.

Jim and Doug talk about central planning, central banking, big government and how governments have only 3 real options to raise money.

Next, Jason asks Doug and Jim about competing currencies like Bitcoin, gold and silver and whether they will be allowed under any circumstance. Jason also asks Doug and Jim if the SDR will be implemented and if people will allow a one world currency.

Jason asks Jim and Doug about the turmoil in the currency and bonds markets.

Doug and Jim also talk about commodities like farmland, cattle, gold and other natural resource investing opportunities.
Finally, Jason asks Jim and Doug why does banking and finance make so much more money than other industries and is this sustainable?

Jim Rogers was in Singapore and Doug Casey was in Argentina. We apologize for the audio going in and out sometimes and Jim Rogers was also on his exercise bike during the entire interview. We are grateful for his time on an exercise bike or not.

- Source, Wall St for Main St:

Monday, November 18, 2013

US is Exceptional...It's the Largest Debt Nation in the World!


There may be progress in US over the government shutdown and debt ceiling, but it's not all good. The deal being talked about now wouldn't resolve the crisis - but rather kick the can down the road setting the scene for another budget showdown early next year.

- Source, RT:

Saturday, November 16, 2013

What is Jim Rogers Bullish On?

I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run.

- Source, Barrons:

Thursday, November 14, 2013

Fewer and Fewer Stocks Are Going Up

Staggering amounts of money being printed has to go somewhere, and it frequently goes into financial markets. But the advance is getting narrower. Fewer and fewer big stocks are going up, which is what happened near the end of the last bubble in 1999. Now, I don't know how long this will go on, but it can't go on forever. That said, you can't really short this market either.

- Jim Rogers via Barrons:

Tuesday, November 12, 2013

This is What You MUST Buy

You must buy some things: insurance, food, even paper. The price of nearly everything is going up. We have inflation in India, China, Norway, Australia—everywhere but the U.S. Bureau of Labor Statistics.

I'm telling you they're lying. Go to a restaurant in New York, or a grocery store, and tell me that there's no inflation. [Rogers starts tapping on his laptop]. Look here: In 2001, it cost $9 to go to the top of the Empire State Building. Now it's $27 to go to the 86th floor, $44 to go to the top, and $67 to go express. The Museum of Modern Art in 2001 was $10, now it's $25. A cab from Kennedy airport to Manhattan in 2001 was $30 plus tolls. Now it starts at $52.

- Jim Rogers via a recent interview with Barrons:

Monday, November 11, 2013

The World is Floating in a Huge Artificial Lake of Liquidity

For the first time in recorded history, all the major central banks in the world are printing money at the same time. So, the world is floating on a huge artificial lake of liquidity. It (the liquidity) has got to go somewhere and most of it is going into markets. The world economies are not getting so much better but the markets are certainly much better because of all the money printing.

- Jim Rogers via The Economic Times:

Saturday, November 9, 2013

Only a Crisis Can Fix the U.S Debt Problem


In an interview with WSJ's Simon Constable, famed investor Jim Rogers weighs in on what it will take to solve the U.S. debt crisis, why he's shorting U.S. tech companies, why the stimulus package was a bad idea, and the looming energy crisis.

- Source, Wall Street Journal:

Friday, November 1, 2013

Finance is in Decline

Jim Rogers believes the finance industry is about to slip into secular decline. That's why the famed investor advises young people to pursue careers in farming rather than in finance.

"If you've got young people who don't know what to do, I'd urge them not to get MBAs, but to get agriculture degrees," Rogers told CNBC.com.

That's because the financial commentator and author of "Street Smarts: Adventures on the Road and in the Markets" is bearish about the entire financial field.

"Finance has been good the past 30 years, but it was not good the 30 years before that, and it's happening again," Rogers said. "Finance is in decline. In the future, the center of the world will not be finance—it's going to be the producers of real goods."

- Source, CNBC