JIM ROGERS BLOG: 08/23/13

Centre of the world is moving from the US to Asia

In the 1920s and 1930s, the centre of the world moved from the UK to the US, primarily due to financial problems and mistakes made by the politicians. The same thing is happening now, and the centre of the world is moving from the US to Asia, exasperated due to the financial crisis and mistakes made by politicians. In the 1930s, US was a creditor nation, but it suffered badly, but not as badly as some of the European nations. Asia will suffer the next time around, but the West will suffer even more. I would rather be with the creditors than with the countries (that) have huge debts.

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).

I have new reasons to short India

I used to own tourist companies in India at a time. India should have had the greatest tourist companies in the world. If you can only visit one country in your life, my goodness, it should be India—it is an astonishingly spectacular place to visit. There is no place that has the depth of culture that India has. Yes, I have new reasons to short India—just read its newspapers everyday and you will see why.

They never let the problem cure itself

Governments and central banks have reacted to the crisis in what they view is the correct manner, but, in my view, it is an artificial manner, and they are only making the crisis worse. The reason it is stretching out as a problem is that they never let the problem cure itself.

They are only making the crisis worse

Governments and central banks have reacted to the crisis in what they view is the correct manner, but, in my view, it is an artificial manner and they are only making the crisis worse. The reason it is stretching out as a problem is that they never let the problem cure itself.

Bonds & Stocks Frequently Go In Different Directions

"Bonds and stocks frequently go in different directions. They don`t have to go the same way every month, every quarter, every year. I can remember days when the Federal Reserve was raising interest rates and stocks would continue to go up."

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).

There is More Money to be Made in Agriculture

Jim Rogers is sticking his money in agriculture. “I think there is more money to be made in agriculture… The world is facing a serious demographic and production problem. If something doesn't change then we won’t have food at any price.” It’s a drum he’s been banging for a while now but he thinks that recent price drops have created a buying opportunity. “I don’t think we've had the final bottom in gold but we must be nearing it in sugar. Sugar is down 75% from its all-time high – there’s not much in the world that is down 75%.” - in Money Week, read the full article here: http://moneyweek.com/gold-will-fall-to-900-an-ounce-says-jim-rogers/

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).

Gold : I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.

I own gold and haven’t sold any, we are in a long overdue and much needed correction. The anomaly was that gold had been up 12 years in a row. That’s not normal, typical action. It’s abnormal, which worries me and should worry all the gold bulls. It has now corrected for some 18 to 20 months now. I find that encouraging. I mean, I don’t know, because I'm not a very good market timer, but I do know that most corrections go on long enough to scare a lot of people and scare them out of their positions, and that’s what I would expect to happen.

I've had people write to me and say: “gold cannot go down 30%”, and I say: “turn on your computer. It’s there.” There are a lot of mystics that are still true believers. Until it scares a lot of people the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.

- Jim Rogers in a recent Gold Money interview:

Friday, August 23, 2013