Friday, August 8, 2014

No Place is Absolutely Safe for Your Money

Well, there is no such thing as safe, if you ask me. In the investment world, there is always a risk of everything even if one holds cash. You need to put your money in the right asset. I certainly would think that anything in Africa, South America or even parts of Asia might be safe or considered less dangerous than parts of West Asia. I don’t expect geopolitical problems in Asia but who knows? The future remains uncertain. Politicians, as history suggest, have done very foolish things and probably will continue to do foolish things. So, some parts of Africa and South America appear less dangerous — but no place is absolutely safe.

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).