Tuesday, May 17, 2011

Keep your money outside the US

“Foreign exchange controls are coming to the US. The UK had exchange controls by 1939, and they remained in place until Thatcher repealed them,” “They never work. But politicians always resort to them.”
“So, while it’s still legal, and ethical, to do so, I would recommend diversifying your money outside of the US.”
"To my knowledge, no country to date has expropriated money from overseas that was already there before exchange controls were instituted – but the US is always an exception,” - Jim Rogers told a journalist at www.minyanville.com


ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
JIM ROGERS BLOG