Friday, December 7, 2012

Russia Has A Gigantic Potential

Actually, since 1917, the Russians have said, “When it’s your money, then invest here, and we’ll all get rich.” And as soon as you did that, they took it away from you, or shot you, or put you in jail, or whatever. But I have the view that Putin, for whatever reason—I'm not going to speculate about his reasons—that the government has changed now in Russia, and realizes they have to play by the same rules that everybody else does if they're going to prosper. And so, if that’s the case, Russia has gigantic potential. They’ve got everything in the world there: huge natural resources. They're trying to develop the transportation network so that they can transport goods from Asia through Siberia. And they're spending huge amounts of money doing it. If it works, it would save a lot of time and money to get goods to Asia instead of going by ship. It would ruin Singapore, of course, because Singapore would be wrecked by the new transportation route. Anyway, there are various things that I see happening that give me encouragement for the first time in my life about Russia. - in Index Universe

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).