Jim Rogers Blog

Monday, July 28, 2014

Jim Rogers praises China for opening up Gold to public

What China has been doing with gold is terrific. Ten years ago it was hard to buy gold in China and 30 years ago, you couldn't buy gold in China. 

I own gold and I hope everybody buys gold and it goes much higher. It will, eventually. I don't know whether China's central bank should buy gold at this moment. I haven't sold any gold. If it goes down a lot, I will be buying more. 

via http://www.metalbulletin.com/Article/3356923/HOTLINE-Jim-Rogers-on-all-things-China.html

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, July 24, 2014

I would open the yuan

China started yuan appreciation in 2005 but now they are doing it at a much slower pace. This is not 1914, this is 2014. China is the most successful country in the world. With 30-35 years, they have huge foreign currency reserves. I don't know what they are worried about. They say they will allow full convertibility and yes, they do something every month and quarter but I will do it today.

VIA http://www.metalbulletin.com/Article/3356923/HOTLINE-Jim-Rogers-on-all-things-China.html

Wednesday, July 23, 2014

How Jim teaches his kids the value of money

When they were born, I got each of them six piggy banks. They have piggy banks for US dollars, Singapore dollars, etc. 

I’m not trying to teach them to be currency speculators, but I do want them to know that a) they should save 
b) that there are different kinds of money

Jim Rogers wants his children to learn to value money and how money is earned. He says "The children get paid when they do extra chores". He wants his kids to learn from a young age that money “doesn’t fall out of the sky” and “you have to work hard and save it”.

If I can instill in them the necessity to save and the habit of saving, then I will have done the best I can in this stage of their lives.

via  https://sg.finance.yahoo.com/news/jim-rogers-reveals-his-singapore-investment-strategy-153319907.html

Tuesday, July 22, 2014

Jim Rogers thinking of moving to Shanghai

I came to Shanghai nine years ago with the idea that I will live somewhere in China, but it was too polluted. 

Now I am starting to think about moving to Shanghai again. It is less polluted than the other cities. A lot of money is being spent to clean up China and somebody is going to make a lot of money cleaning up China.

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, July 21, 2014

Rogers encourages Brazil, China, Russia to come with new currency to replace US Dollar

"Brazil wants to compete with the IMF, the World Bank and the US dollar. Brazil, China and Russia could easily put something together to compete with the US dollar. The US dollar is a terribly flawed currency. I’m an American. I hate to say that. But the US has serious problems, the world has serious problems. We need something else."

According to Mr Rogers, India should probably not be included in the new world bank while he thinks Russia should be included due to its huge international currency reserves.

"To put together a competing world reserve currency and develop an alternative banking system, the BRICs might consider throwing India out of the equation"

From a financial perspective Jim Rogers says Russia is stronger compared to India and Brazil due to their national debts.

"India and Brazil have big (national) debts. Russia is not a big debtor and has big international reserves"

Monday, July 14, 2014

Jim explains why we need more farmers

Agriculture has been in a terrible business for 30 years. Its been so bad the world has now consumed more than its produced for the last decade. When you consume more than you produce its going to come from an inventory. We've built a big inventory over the 30 years but now the inventory's world wide are at historic lows. So we're running out of food. Worse than that, we are running out of farmers. The average age of farmers in America is 58, Japan is 66, in Canada its the oldest in recorded history. In Australia its 58. The highest rate of suicide in the UK is in Agriculture. Its a terrible business for many reasons. 

At the same time we dont have young people becoming farmers. More people in America study public relations than of Agriculture. We got old people dying and getting out of the business, no young people coming in. 

Somebody has got to go into the fields. Even when the fields are automated, somebody has got to do it. And if everybody is dead and everybody is studying public relations, where is the food coming from. 

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.