, Jim Rogers Blog: June 2014

Sunday, June 29, 2014

Jim Rogers is Buying Russian Assets

It’s a been a long-term adage in the investment world that you buy when there’s a disaster, because if you buy when everybody else is panicking and dumping, you’re probably going to make a lot of money in the end – unless the world comes to an end. I don’t suspect that Russia is going to come to an end, Russia has assets, Russia has lots of foreign currency in reserves as well, so when I saw Russia collapsing I thought I should buy, and I did buy. I’ve been becoming more optimistic about Russia over the past year or two anyway, because you do have big reserves and there are positive changes taking place in Russia as far as I’m concerned, so I hope, Sophie, that your parents taught you to buy low and sell high – that’s what I’m trying to do.

- Source, Jim Rogers, via Russia Today


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Friday, June 27, 2014

Giants Ditching Dollar Over US Foreign Policies


Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy?

- Source, Russia Today


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Monday, June 23, 2014

The US Dollar is Slipping in Power

I don’t particularly like saying this, because I’m an American citizen, and American taxpayer and American voter, but if you drive people away from the dollar… many people now must be saying“guys, if we have dollars, and the US decides that they don’t like us, they’ve going to put sanctions on us!”So more and more people would say “maybe I shouldn’t use the US dollar, maybe I shouldn’t have my money in US dollars.” At the same time, as you know, Russia and China are now going to trade with each other in their own currencies instead of the US dollar. More and more people are doing the same thing, they’re starting to trade in other currencies besides US dollar. This is just a continuing long-term move away from the US dollar. And, I am afraid, that US is pushing people away from the US dollar with our actions.

The US has been the world’s reserve currency, has had the world’s medium of exchange and so far we’ve been able to do a lot of things because we can just print more US dollars. We have a huge balance of trade deficit; we have huge government deficits, because we can print more money. If there comes a time that we cannot print money, when the world will not just take US dollars because we say“here they are!” – then that cripples America in many-many ways. The Pentagon, the Defense Department of the US has already said that the deficit in the US is a major potential weakness from the military point of view. Just recently, the space people said “every country in the world has eventually collapsed” and the way America is going, we might collapse too. This is not me, this is the Defense Department of America, and this is the Space Agency of America saying these things. If you read history, Sophie, it’s true, it’s correct. When people do not have the money that they used to have – they’re limited in many ways. You cannot have as many soldiers, you cannot have as many airplanes, you cannot send ships all over the world, because somebody has to pay for it, and if you don’t have the money to pay for it anymore, you’re in trouble.


- Source, Jim Rogers via Russia Today


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Saturday, June 21, 2014

Why America is Getting Involved in the Ukraine Makes No Sense

I don’t see what was in it for Europe and the US, other than some kind of geopolitical game that bureaucrats and politicians like to play. I don’t see what the purpose of this was other than some kind of supposed chess game. I don’t see what America expected to get out of it. Ukraine has a lot of agriculture, but other than that… I mean, those agricultural products get sold on to the world market, so I don’t see why America tried to get so involved with Ukraine. It just does not make any sense to me, and as I said earlier, it seems to be hurting America now, rather than helping America, since the consequences have not gone the way they thought they would.

I don’t see that it has hurt Russia. Maybe there’s something I don’t know, but I don’t see that this has hurt Russia in any way at this point.

- Source, Jim Rogers via Russia Today



Thursday, June 19, 2014

Jim Rogers Says He isn't Buying Gold - Right Now



The legendary investor talks with Reuters about the impact of Russian sanctions on the U.S. dollar and where he sees gold heading.

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Tuesday, June 17, 2014

Sunday, June 15, 2014

Investors Jim Rogers Holding Dollar, Euro


Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. Rogers also discusses Europe's sovereign debt crisis and Federal Reserve monetary policy. He speaks from Singapore with Rishaad Salamat on Bloomberg Television's "On the Move Asia."


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Friday, June 13, 2014

Russia May Stop Selling Natural Gas to Europe

If Russia now does more and more trade with Asia, instead of with Europe and the West, then obviously that’s not… that’s good for Russia, that’s good for Asia, but America gets cut out and Europe gets cut out. You know, Russia used to sell a lot of gas to Europe, it still does, but if they stop selling natural gas to Europe, and sell it to Asia – that is not good for Europe, and, ultimately, not good for the US either, because the US and Europe are huge trading partners.

America does have oil reserves, but they are not enough to… I mean, if we’ve sold all of our oil reserves, it’s not enough to have any kind of significant effect on the world oil market. It might make the market go down for a day or weeks, or two weeks, even. But, then the markets it’s going to go back before, and the market may even go back more, because then America would have sold its oil reserves, and we wouldn’t have anything in reserve, so… again, you have to ask him, I don’t know, but that doesn’t seem like a very viable solution to me.

It would take a long time for America in order to get natural gas from America to Europe. You don’t just sort of snap your fingers and do that. You don’t just put in on a boat or plane, you’ve got to have special ports on both sides, you’ve got to have special ships, and you’ve got to have natural gas in the right place. Yeah, it could happen someday, but some day is a long time away, and if Russia stops selling natural gas to Europe – that’s going to hurt Europe for several years until American gas can come, and that if we presume and suppose that there is enough American natural gas to ship to Europe. Europe uses a lot of natural gas, and America at the moment seems to have surplus of a natural gas - will they have a surplus in five years? I don’t know. Will we have enough to supply Europe gas for many years? I doubt it.


- Jim Rogers via Russia Today


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Wednesday, June 11, 2014

Putin Has Outsmarted the West

Unfortunately America seems to have really bungled this whole thing very badly. As you know, they’ve tried to instigate a coup in Ukraine against an elected government, and they did that somewhat successfully, but then they didn’t think through the consequences. Mr. Putin seems to have outsmarted us, Putin now is in control of Crimea, which Russians have controlled for many decades, so that’s not so unusual – what’s unusual is that America didn’t think through what they were doing, they seem to just react on a day-to-day basis, so now… Crimea is part of Russia, the Russians have more and more allies in Asia. I’m afraid America just didn’t think it through, they’ve bungled, they’ve acted on a day-to-day basis, and they’ve reacted to events instead of looking to the future and controlling events. Mr. Putin seems to have outsmarted Mr. Obama.

Why did they get involved in the first place? Because we have incompetence in the State Department, in Washington. I guess they thought that they could take over control of Ukraine, which will give America more influence in central Europe and would certainly damage Russia, but in the end it seems to have strengthened Russia and has damaged America. You know, politicians make mistakes; bureaucrats make mistakes all the time. Looks like this time it was America that made the mistakes, and not Russia.
- Source, Jim Rogers via Russia Today


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Monday, June 9, 2014

China to Be the Most Important Country in XXI Century


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Sanction threats against Russia sent shockwaves of panic across the world of investment. There’s still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow’s turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman – Jim Rogers is on SophieCo today.

- Source, Russia Today


Saturday, June 7, 2014

Opportunity To Buy Gold Coming


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Famed commodity investor Jim Rogers is on Kitco News to speak about the Chinese and US economy, gold, and even bitcoin. Rogers has some very interesting thoughts about the yellow metal and where he thinks it may be headed. “Gold is still correcting… I expect there to be another opportunity to buy gold sometime in the next year or two.” He also shares his insights on the US economy and how he is not so confident in the US dollar given the country’s elevated debt levels. “No country in world history has got itself into this kind of situation and got out without a crisis or semi-crisis.” He also shares some insights on bitcoin and what he thinks of the cryptocurrency.

- Source, Kitco

Thursday, June 5, 2014