TRACKING THE COMMODITIES VIGILANTE AND AUTHOR, JIM ROGERS AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Thursday, July 8, 2021
Sunday, July 4, 2021
Robert Kiyosaki & Jim Rogers: How to Survive Market Mania
You need only look at our crazes in modern times like the tech stock bubble of the early 2,000s, the sub-prime crisis in 2008, and even the designer fruit craze in modern-day Japan, where it can cost up to £20,000 for a square watermelon.
Jim Rogers, a financial commentator, and successful international investor says, “If you want to be rich you should study history.”
Unfortunately, the average investor doesn’t understand the fundamentals of the markets.
They just buy because the market is going up…and everyone else is doing it.
Host Robert Kiyosaki and guest Jim Rogers discuss how we are doomed to repeat history if we don’t learn from history.
- Source, Rich Dad Poor Dad
Wednesday, June 30, 2021
Wednesday, June 2, 2021
Jim Rogers: Identifying Opportunities While Markets Are Up to A Fever Pitch
Rogers tells Pal that this current market environment, marked by record-low mutual fund cash levels and high levels of investing on margin, reminds him somewhat of the conditions prior to the "Black Monday" sell-off on October 19, 1987, which actually occurred on Rogers’ birthday.
Rogers stresses the importance of thinking for oneself and argues that China is well-positioned to be the future engine of economic growth and technological progress.
- Source, Real Vision Finance
Friday, May 28, 2021
Here’s What Could Trigger Widespread Ban on Bitcoin, According to Macro Investor Jim Rogers
Macro investor and financial commentator Jim Rogers says governments may take steps to ban Bitcoin if the cryptocurrency begins seriously threatening the future of fiat currencies.
In a new video, Rogers argues that if Bitcoin’s use case as a currency solidifies then there is a real danger of it usurping fiat currencies. Rather than cede power, governments will seek to “outlaw” the flagship asset, predicts Rogers.
“If Bitcoin ever becomes a viable currency, not a trading vehicle, but a viable currency, they can outlaw it.
“If it’s just a trading vehicle, I don’t see any reason that they would outlaw it. Unless it’s money laundering or something like that. No, if people aren’t trying to use it to compete with government money, why not?”
The macro investor adds that the threat governments pose to Bitcoin will only grow once governments develop digital versions of their own fiat currencies.
“Governments don’t want to lose control. They like their monopoly, and once they all have their own government money, do you think they’re going to say, ‘Okay, here are US dollars and they’re on the computer, but if you want to use something else, you can?’
That’s actually not my experience with governments anytime in history… well, most times in history. And I can’t imagine the US government’s going to let people do that.”
But for now, Rogers points out that he views Bitcoin primarily as just a tradable asset with few other use cases unlike metals such as silver.
“As a store of value, I don’t – well, yeah, considerably, but I don’t know what the value is. Listen, if we have a store of value of silver, I know that silver can be used in solar panels, and electric cars, etc, etc. I don’t know what Bitcoin can be used as except for trading them.”
In a new video, Rogers argues that if Bitcoin’s use case as a currency solidifies then there is a real danger of it usurping fiat currencies. Rather than cede power, governments will seek to “outlaw” the flagship asset, predicts Rogers.
“If Bitcoin ever becomes a viable currency, not a trading vehicle, but a viable currency, they can outlaw it.
“If it’s just a trading vehicle, I don’t see any reason that they would outlaw it. Unless it’s money laundering or something like that. No, if people aren’t trying to use it to compete with government money, why not?”
The macro investor adds that the threat governments pose to Bitcoin will only grow once governments develop digital versions of their own fiat currencies.
“Governments don’t want to lose control. They like their monopoly, and once they all have their own government money, do you think they’re going to say, ‘Okay, here are US dollars and they’re on the computer, but if you want to use something else, you can?’
That’s actually not my experience with governments anytime in history… well, most times in history. And I can’t imagine the US government’s going to let people do that.”
But for now, Rogers points out that he views Bitcoin primarily as just a tradable asset with few other use cases unlike metals such as silver.
“As a store of value, I don’t – well, yeah, considerably, but I don’t know what the value is. Listen, if we have a store of value of silver, I know that silver can be used in solar panels, and electric cars, etc, etc. I don’t know what Bitcoin can be used as except for trading them.”
- Source, Daily Hodl
Sunday, May 16, 2021
Wednesday, May 12, 2021
Jim Rogers: Stock Market Crash is Coming, US Dollar Collapse Could Be Next
He discusses how it's historically impossible for this major bubble to continue forever. We discuss Gold & Silver - when he is investing in Gold & Silver - why he likes Uranium & he talks about how the US Dollar is at great risk, because the United States is the greatest debtor nation in the history of the world.
He talks about why you can expect to see China has a new global power in the financial system.
We also have some good laughs and talk about some of his best stories from traveling around the world, his daughter's education in Asia & his worst investing mistake he ever made.
- Source, I Love Prosperity
Thursday, May 6, 2021
Jim Rogers: History shows that Bitcoin will be outlawed if it becomes successful
“If cryptocurrencies become successful, most governments will outlaw it, because they don’t want to lose their monopoly, every government in the world is working on computer money now, including the U.S. The Chinese are there already.
I can’t imagine that the governments are going to say ok, this is our crypto money, or you can use their crypto money, that’s not the way governments work, historically,” Rogers told Michelle Makori, editor-in-chief of Kitco News.
- Source, Kitco News
Friday, April 30, 2021
Jim Rogers: Identifying Opportunities While Markets Are Up to A Fever Pitch
Rogers tells Pal that this current market environment, marked by record-low mutual fund cash levels and high levels of investing on margin, reminds him somewhat of the conditions prior to the "Black Monday" sell-off on October 19, 1987, which actually occurred on Rogers’ birthday.
Rogers stresses the importance of thinking for oneself and argues that China is well-positioned to be the future engine of economic growth and technological progress.
- Source, Real Vision Finance
Friday, April 9, 2021
Legendary Investor Jim Rogers Warns of Bubble Stocks
The hype around "hot" stocks, the retail-investing boom, and the surge in listings of special-purpose acquisition vehicles (SPACs) are all signs of an expanding stock-market bubble, veteran investor Jim Rogers said in a RealVision interview released on Monday.
Rogers is George Soros’ former business partner and the cofounder of Quantum Fund and Soros Fund Management. He warned that bonds are in a bubble, predicted gold and silver will skyrocket in price, and said he regretted not buying bitcoin years ago...
Rogers is George Soros’ former business partner and the cofounder of Quantum Fund and Soros Fund Management. He warned that bonds are in a bubble, predicted gold and silver will skyrocket in price, and said he regretted not buying bitcoin years ago...
- Source, Business Insider Mexico, read more here
Monday, April 5, 2021
The next bear market will be 'the worst in our lifetime,' Jim Rogers says
Jim Rogers, 75, says the next bear market in stocks will be more catastrophic than any other market downturn that he’s lived through.
The veteran investor says that’s because even more debt has accumulated in the global economy since the financial crisis, especially in the U.S. While Rogers isn’t saying that stocks are poised to enter bear territory now — or making any claim to know when they will — he says he’s not surprised that U.S. equities resumed their selloff Thursday and he expects the rout to continue.
“When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime,” Rogers, the chairman of Rogers Holdings Inc., said in a phone interview. “Debt is everywhere, and it’s much, much higher now.”
The plunge in equity markets resumed Thursday, as the S&P 500 Index sank 3.8 per cent, taking its rout since a Jan. 26 record past 10 per cent and meeting the accepted definition of a correction. The Dow Jones Industrial Average plunged more than 1,000 points, while the losses continued in early Asian trading Friday as the Nikkei 225 Stock Average dropped as much as 3.5 per cent.
The veteran investor says that’s because even more debt has accumulated in the global economy since the financial crisis, especially in the U.S. While Rogers isn’t saying that stocks are poised to enter bear territory now — or making any claim to know when they will — he says he’s not surprised that U.S. equities resumed their selloff Thursday and he expects the rout to continue.
“When we have a bear market again, and we are going to have a bear market again, it will be the worst in our lifetime,” Rogers, the chairman of Rogers Holdings Inc., said in a phone interview. “Debt is everywhere, and it’s much, much higher now.”
The plunge in equity markets resumed Thursday, as the S&P 500 Index sank 3.8 per cent, taking its rout since a Jan. 26 record past 10 per cent and meeting the accepted definition of a correction. The Dow Jones Industrial Average plunged more than 1,000 points, while the losses continued in early Asian trading Friday as the Nikkei 225 Stock Average dropped as much as 3.5 per cent.
The Bear Market
Rogers has seen severe bear markets before. Even this century, the Dow plunged more than 50 per cent during the financial crisis, from a peak in October 2007 through a low in March 2009. It sank 38 per cent from its high during the IT bubble in 2000 through a low in 2002.
“Jim has been talking about severe corrections since I started in business over 30 years ago,” said Alibaba Group Holding Ltd. President Mike Evans, a former Goldman Sachs Group Inc. banker. “So I’m sure he’ll be right at some point.”
Rogers predicts the stock market will experience jitters until the Federal Reserve increases borrowing costs. That, he says, will be the point when stocks go up again. He said he’ll buy an agriculture index today, reiterating his view that prices of such commodities have been depressed for some time.
“I’m very bad in market timing,” Rogers said. “But maybe there will be continued sloppiness until March when they raise interest rates, and it looks like the market will rally.”
Rogers has seen severe bear markets before. Even this century, the Dow plunged more than 50 per cent during the financial crisis, from a peak in October 2007 through a low in March 2009. It sank 38 per cent from its high during the IT bubble in 2000 through a low in 2002.
“Jim has been talking about severe corrections since I started in business over 30 years ago,” said Alibaba Group Holding Ltd. President Mike Evans, a former Goldman Sachs Group Inc. banker. “So I’m sure he’ll be right at some point.”
Rogers predicts the stock market will experience jitters until the Federal Reserve increases borrowing costs. That, he says, will be the point when stocks go up again. He said he’ll buy an agriculture index today, reiterating his view that prices of such commodities have been depressed for some time.
“I’m very bad in market timing,” Rogers said. “But maybe there will be continued sloppiness until March when they raise interest rates, and it looks like the market will rally.”
- Source, The Financial Post
Thursday, April 1, 2021
Jim Rogers: Forget About The Price After You Buy
I have learned Jeff over the years that I’m not a very good trader, the worst trader in the world, worst market timer in the world. So for me especially in a bull market, if I find something cheap that I think is going to go up for a long time I don’t want to know the price.
I used to open accounts in countries and the broker would say well shall I call you every day or every month. I said no. I don’t want to know. I don’t want to know the prices because if I know the prices if it goes up a lot I might sell it. If it goes down a lot I might sell. I don’t want to know the prices.
But when I think a few years from now that the country is changing or the market is changing I’ll call you back and we’ll sell. So I’m horrible at market timing.
- Source
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