Saturday, December 22, 2012

India & Gold

"India's got a big balance of trade deficit – some Indian politicians are starting to blame it on gold. If they figure out a way to cut or crimp imports of gold – if something like that happens, that will be a big shock to all those bulls on gold and who knows how low it can go." - in CNBC Related: SPDR Gold Trust (ETF) (NYSE:GLD)

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).

If Gold Goes Down, I Hope I'm Smart Enough To Buy More

If gold goes down – I hope I'm smart enough to buy more. If it goes down a lot, I hope I'm smart enough to buy a lot more. - in CNBC Related: SPDR Gold Trust (ETF) (NYSE:GLD)

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).

More Brands Coming Out Of Asia in the Future

They have developed brands in the East, and in my view, that will continue. A hundred years ago, who would have thought that Ford would be a brand that anybody would have ever heard of? I mean, Henry Ford's just this old toad sitting there, making these cars – who would have thought? Even in the Twenties, General Motors was far and away better known than Ford. So it takes a while to develop a brand, but it can happen, and in my view it will happen. The markets here are huge. Of course, if you go into any shop in Shanghai, they all want to have a Burberry – everybody would like to have a Burberry, because it's the western brand, and the others which you mentioned. But I suspect that that is going to evolve, just as has happened – as Tom Peters said, creative destruction is always going on in the world, and you're going to see more and more brands coming out of Asia, as the Asian consumers become wealthier and wealthier, and want to buy their own stuff, and, of course, it will be cheaper and better. In the end, just as General Motors' cars became pretty sloppy and shoddy, when they didn't have to compete, that's going to happen to the western brands, as Asia rises. - in Motleyfool

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).

India: The Indian Bureaucracy Is The Worst In The World

If you can only visit one country in your life, David, I would urge you to visit India – there's no country in the world like it, from a visitors' or tourists' point of view. But as far as doing business, first of all, I've travelled the world, as you probably know, and I've seen a lot of bureaucracies. Well, the Indian bureaucracy is the worst in the world. They learned bureaucracy from the English, and then took it to a higher plane, even. It's a nightmare to do business there. They don't like capitalists, they don't like entrepreneurs. - in Motley Fool

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).


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