Monday, November 30, 2015

A lot of people are going to flee into gold

I own gold, I own some gold. I don’t think that’s what’s going to be the safe haven at the moment; it could be, I mean, if war breaks out, of course, a lot of people are going to flee into gold, and I’ll be buying more gold at 1,500 or you pick the number, and happy to get it. No, if the world reverts to the US dollar, the US dollar goes higher, often, not always, but often, gold goes down when the dollar goes up. People will be fleeing to the dollar, they think it’s the better safe haven. So I would prefer – I own more gold than I do dollars, at the moment, I’m not sure I own more dollars than I do gold, at the moment, expecting the dollar to go higher, which will put more pressure on gold. But I’m not selling my gold; I am hedged with my gold. I’m doing nothing at the moment.

- Source, Jim Rogers via the Midas Letter

Wednesday, November 25, 2015

War Distracts People From the Poor Economy

It is true that throughout history, war has been declared by politicians or bureaucrats have used war to distract people from other problems. I’m not sure that it’s a conscious act, they sit down and say ‘Ah, we’ve got a problem, so let’s start a war’, or whether it just happens naturally, but in either case, there is no question at all that this is distracting a lot of us from the fact that the economy is not doing well. The economy worldwide is not doing well, and this is certainly distracts people, making them think about other things, and it might even revive – it would revive, some parts of the world economy. Not a good way to revive world economies; in the end, you destroy more capital, as well as lives, than you develop, but it has happened this way many times in history.

- Source, Jim Rogers via the Midas Letter

Friday, November 20, 2015

Quantum Funds Co-Founder Jim Rogers On Gold, Russia-U.S. Proxy War, U.S. Dollar

I will tell you, the whole Middle East situation is unbelievable. I cannot think of many times in history where you have so much just pure, pure chaos by so many people. I mean, it’s not as though there are one or two people making mistakes in the Middle East, there must be a dozen people making mistakes in the Middle East, and unfortunately, they are coming together more and more.

I’ve got to sit down and figure out how this is going to end, because it looks like it could end in a very, very bad way for all of us. Wars start when bureaucrats make mistakes and then other bureaucrats react to those mistakes and then next thing you know, you have eight or ten bureaucrats sending 18 year old kids to kill each other, and it’s very worrisome what’s happening.

Having said that, to answer your question, war is not good for anything, anything at all, except commodities. I’m not going to say buy commodities because you don’t want to start a war, but if there’s going to be a war, it usually means commodity prices go higher.

- Source, Midas Letter

Thursday, November 5, 2015

GSR interviews JIM ROGERS

GoldSeek Radios Chris Waltzek talks to Famed investor Jim Rogers.