Monday, November 13, 2017

Governments would like to get rid of cash



Jim Rogers speaks on the phone on the Stansberry Investor Hour


"Governments don't like cash because it's expensive and because they can't control you as much. Everyone's going to get rid of cash. Governments could issue their own cryptocurrency to control people. Governments like to control everything. Governments like to have all the power to themselves." 
"My children will never go to a bank, post office, or maybe even to a doctor when they're adults. The computer and the Internet are going to change money as we know it. Everything will change. People in China don't have paper money. They buy a cup of coffee, put their phone on the sensor, and it's paid for. They look at me funny when I say I have cash and want to pay. They say, 'We don't want to take cash. Cash is not efficient."

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Monday, November 6, 2017

Jim Rogers is a director of a Russian fertilizer company

Jim Rogers mentions in an interview from Singapore about being bullish Agriculture for a while,

"I'm extremely bullish on agriculture. That hasn't made me any money yet. Well it has a little bit because one of my largest shareholdings - a large - well, it's not one of my largest, but I am a director of a Russian fertilizer company which is making all-time highs or near all-time highs, which is pretty astonishing given that it's Russia and everybody hates Russia, as you well know. In fact I'm startled that all of my Russian stocks making all-time highs. 
And this is a hated market. So it's something I have learned. If you buy something that's hated, chances are you're going to make a lot of money down the road."

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Monday, October 30, 2017

China not immune to the next big financial crisis

On Janet Yellen, Growing Debt levels world-wide and why a massive market decline is inevitable,


"Janet Yellen will tell you we're never going to have a bear market again because she's smarter than we are, she's smarter than the markets, and the central bank has things under control now. She publicly stated this. Do not worry. We will not have financial calamities again. Head of the central bank in America has said that out loud officially, Mrs. Yellen-- yeah, Mrs. Yellen.  
I happen to have a different view. Now if you believe the American central bank, you shouldn't be talking to me at all. But we've had, we used to have bear markets every several years. We always, always since the beginning of the republic. 
In my view we will have them again. And the next one is going to be horrendous, the worst-- you came in the business in '86. It will be the worst in your lifetime, in your financial experience. And the reason, in 2008 we had a bear market because of too much debt, staggering amounts of debt.... since 2008 the debt has gone through the roof. 
Every country in the world talks about austerity. Nobody has reduced their debt in the last few years.  Everybody has increased their debt in the last few years. And so the next time we have a bear market, it's going to be horrendous because of this.  
Even China-- in 2008, the Chinese had a lot of money saved for a rainy day. It started raining in Singapore. They had a lot of money saved for a rainy day. It started raining. They started spending and helped save the world. But even China has a lot of debt now."

Monday, October 23, 2017

ETF investing has pros and cons

Jim Rogers on investing and ETF's,

"ETF's are very efficient, very easy, very simple. There's no question about that. Therein lies part of the problem, of course, with ETF's is that they are easy, simple, etc and that makes it easy for somebody to say oh, I want to buy Germany, buy the German ETF, and don't even look to see what's in the German ETF or whether it's a good ETF to own. And maybe it should be a terrible ETF, but nobody looks anymore. And when we have the bear market, a lot of people are going to find that, oh my God, I own an ETF and they collapsed. It went down more than anything else. And the reason it will go down more than anything else is because that's what everybody owns."


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Thursday, October 19, 2017

Investing in Gold and Gold Futures

Jim Rogers on Gold and using leverage in trading

"Gold coins are the best way. And you should have physical possession of some gold coins. After that, gold futures are the best way if you want to make money and you're a good trader. Gold futures, that's where you can get the most leverage of any, unless you can find the right gold mine. But there are hundreds of gold mines. If you're smart enough and have the time to find the right two or three gold mines, then, yeah, then you'll make huge amounts of money in the right to - but, you know, there are hundreds of gold mines."


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Monday, October 16, 2017

FANGS vs Nifty 50

The US markets are nearing all time highs with the NASDAQ rising for the third straight week and closing at 6624. Jim Rogers mentions in an interview the similarities between the 1970's and now in 2017.


"I remember in the early 70's, there was something called the Nifty 50, and they were 50 stocks that everybody - JP Morgan bought everyday. Didn't matter. Avon, Xerox, IBM - they were stocks that always were eternal growth stocks. And they just kept - we would short them, and they just kept going up. They never stopped. Polaroid-- that was another. And they just never stopped going up. 
Everything else stopped going up but those Nifty 50, which would be something like the FANGs today, or maybe in the late 90's, some of the other kinds of stocks. So this has happened before in market history. They eventually crack, there's no question.  
And to today, if you look at the S&P 500, for instance, in the US, I think there are only 40 or 45 stocks that are above their 50-day moving average, to use technician's kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs.
What is that - over 90% of the stocks are in downtrends. 10% are in uptrends, but they're big companies. And since the S&P is capitalization weighted, those 50 stocks, 40 stocks, whatever it is, dragged the average to all-time highs."

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.