Thursday, September 22, 2011

I hope the trade war doesnt break out


Jim Rogers : Well David everything is being killed right now as you can see. partly as you may know Brazil has sort of ignited a trade war and then put on tariffs with the people in Asia and right now China's trying to get the Europeans to let them open up the trade with China more and the Europeans are saying, no. so china is saying no. we won't bail you out. so there are all sorts of trade tensions developing. and currency tensions , it is not a good world well, I hope the trade war doesn't break out, you know, throughout history when you've had trade wars it's caused depression. you saw what happened in 1930. it led to depression. and ultimately it led to war. so I hope it can be contained. I was very surprised to see Brazil do that. one of their largest trading partners is China and yet they certainly -- and Korea, yet they certainly hit China and Korea with 30% tariff increases. it's not fun.

If Gold goes down I am going to buy a lot more

Jim Rogers : " I own gold I would not bug Gold at the moment , if it goes down I certainly will buy more gold , I am not selling it ...no  Gold has been up ten years in a row it is very unusual for any asset it looks like it might be eleven years in a row , may be it is going to go up fourteen years in a row I do not know , but I do not want to buy gold right now but if it goes down I am going to buy a lot more ...." says Jim Rogers " silver goes down in fact if I had to buy one today I would buy Silver because it is 25 percent below its all time high while gold recently made an all time high , but I am not buying either today if I would buy anything today I would buy agriculture ..." - in Reuters

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