JIM ROGERS BLOG: 04/17/13

Wednesday, April 17, 2013

Gold needs this correction

Gold has gone up 12 years in a row. I don't know of any asset in history that has gone up 12 years without a major correction. This may be the correction that gold needs. If it goes down enough, I will start buying it.

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).

Water investments can pay off big

If you can find ways to invest in water, you will be extremely rich because we do have a serious water problem in many parts of the world like India, China, the southwestern part of the U.S., and west of the Red Sea.

Water transport and cleaning investments

There are some companies out there that clean and transport water. Find one with good management and invest in it and you’ll be rich. Disclosure: Rogers owned shares in Singapore’s water-treatment company, Hyflux Ltd. (HYF), for a few years.

401K plans, IRA, pension plans at risk from Governments

I suspect what will happen in America is that they will take pension plans; 401K plans, IRA’s, and pensions plans which the government knows about may be next. Their rationale will be, ‘Well most people have not been doing well in their IRAs and pension plans for the past several years, so we are going to help you. We are going to take your pension plan and give you government bonds so that you have a guaranteed return.'

Gold: A 30-35 Percent Correction Is Normal In Markets

Jim Rogers : "I have repeatedly babbled about $1200-1300, but that is just because that would be a 30-35% correction which is normal in markets. But I am a hopeless market timer/trader." - in Yahoo Finance