, Jim Rogers Blog: February 2016

Monday, February 29, 2016

Wall Street Lies, Tax Insanity, & the Truth About China with Jim Rogers


How Wall Street is crumbling, and the future of the global economy in China & the developing world is shared by financial expert Jim Rogers. Is the dollar headed for a total collapse? Will the economic war with Russia and Iran over the price of oil blow up in the US’ face? We explore the problems with the central bank, the rise of the new silk road, and discuss how the tax code should be fixed once and for all in this uncensored discussion hosted by Sean Stone, only on Buzzsaw.

Friday, February 12, 2016

Gold Buying Opportunity Has Still Not Come


After a one-year hiatus from Kitco News, Jim Rogers joins Daniela Cambone to share his thoughts on the market, specifically gold. “Gold has its own mind,” he says. “Sometimes it moves with the dollar, sometimes it doesn’t.” Rogers says he’s not so concerned with the daily fluctuations and adds he is still waiting on a buying opportunity. 

Looking east, Rogers says he is bullish on the Chinese economy despite recent weaker economic data and continued easing in the country. “I’m bullish on the Chinese markets. My largest stock positions are in Asia - China, Japan, Russia,” he says. “I see more real estate bankruptcies in China, there’s a lot of debt buildup in China. But at the moment, I’m still there and I even bought more last week.” Rogers also has a keen interest in the Russian stock market. 

Tune in now to get his thoughts on the Federal Reserve and why he thinks they may not even raise interest rates this year.

- Source, Kitco News

Friday, February 5, 2016

'Be Worried' About Increasing Turmoil as US Dollar 'Is Not Sound'

International investor Jim Rogers warns investors that the United States is long overdue for a recession and that the dollar is far from sound.

"The U.S. is terribly over-indebted country with the largest debt in the history of the world," the chairman of Rogers Holdings recently told Bloomberg TV India.

"The U.S. dollar is not sound. But with a lot of turmoil coming, people think U.S. dollar is a safe haven. What I expect to happen is that turmoil will get worst and the dollar will go higher — it is already over-priced — and may turn into a bubble," he said.

"My plan is to then sell US dollar. What I will buy, I don’t know — gold or the Chinese renminbi," he said.

Meanwhile, he expects economic growth to continue to stall around the globe.

"I expect nearly all economies around the world to slow down. In America, we have had nearly six or seven years without a correction in the economy or the markets. It is long overdue. Normally, we have corrections every four to seven years in the United States. So we are overdue," he said.

"The debt is going higher and higher. Many of our customers are slowing down — China is slowing down and Japan is in recession. Now, I certainly expect more slowdown to come worldwide," he said.

As for the Federal Reserve's recent interest-rate hike, Rogers is far from impressed. In fact, he thinks the tactics of the central bank are actually far more harmful to the U.S. economy than being of nay help.

"The Fed is just made up of bureaucrats and academics. They don’t know very much," he said. "The first interest rise from the Fed doesn’t mean very much. The third one is where you have to start worrying. If the Fed raises rates three or four times, then it is usually all over for the stock market. So just keep watching, be worried and be prepared," he said.

Rogers went on to explain his own investment strategy.

"I have hedged my gold and silver holdings. I expect gold to go under $1,000 an ounce. What does that mean for silver — $12 or $10 an ounce — I haven’t figured it out. But certainly under a $1,000 for gold at which point I hope I am smart enough to take my hedges off and buy a lot of gold — whether its $950 or $900, I don’t know," he said.


- Source, NewsMax

Monday, February 1, 2016

This Could Ignite a U.S. Dollar Collapse


If you think that the U.S. dollar is a safe haven, think again. Despite the strength in the U.S. dollar exchange rate to many major currencies these days, billionaire investor Jim Rogers thinks otherwise.

Jim Rogers: U.S. Dollar Is Not Sound

Jim Rogers, chairman of Rogers Holdings, recently spoke with Bloomberg TV India and expressed his concerns about the U.S. dollar: “The U.S. dollar is not sound. But with a lot of turmoil coming, people think U.S. dollar is a safe haven. What I expect to happen is that turmoil will get worst and the dollar will go higher—it is already over-priced—and may turn into a bubble.” (Source: “‘Third Fed Rate Hike is Where You Have to Start Worrying’,” Bloomberg TV India, last accessed December 24, 2015.)

Rogers is worried about the debt problem in the U.S. He told the media outlet that the U.S. is a “terribly over-indebted country with the largest debt in the history of the world.” For him, the largest long currency position for the past two to three years has been the U.S. dollar. But right now, his plan is to sell the U.S. dollar and maybe get into gold or the Chinese renminbi.

Jim Rogers also talked about the Fed rate hike. On December 16, the U.S. Federal Reserve raised its benchmark interest rate by 25 basis points, marking the first interest rate increase since the financial crisis. However, Jim Rogers is not impressed. He said that “the Fed is just made up of bureaucrats and academics” and that “they don’t know very much.” He mentioned that market interest rates were already going up and Fed’s first rate hike “doesn’t mean very much.”

Jim Rogers: Third Fed Rate Hike Is the Time to Start Worrying

The Fed is expected to increase interest rates a few more times in 2016. To that Rogers said: “The third one is where you have to start worrying. If the Fed raises rates three or four times, then it is usually all over for the stock market. So just keep watching, be worried and be prepared.”

With the world economy at risk of a slowdown and commodity prices tanking, Jim Rogers sees potential in precious metals. He said that he has hedged his positions in gold and silver because their prices could drop further. However, once gold drops below $1,000, the billionaire investor would take his hedges off and “buy a lot of gold.”