Thursday, April 20, 2017

Jim Rogers on Russia and Russian Debt

The only place I am looking to invest right now is Russian government bonds because the yields are very high—the Rouble is down a lot. For whatever reason, Russia, which has been the most hated market in the world, is becoming less hated—more countries and politicians are reconsidering Russia. I’ve learnt in my life that if you buy things that are hated, they will make a lot of money even if takes a couple of years.



Russia has a convertible currency and does not have much debt. I am invested in Russia. One reason why Russia does not have a high level of debt is that no one was willing to lend them money—and that is not necessarily a good thing.

Wednesday, April 19, 2017

US Dollar will go much higher due to its "safe haven" status

I own a lot of US dollars, and the reason I own it is because of the turmoil that I see coming, and people look for a safe haven in times like that and the dollar, rightly or wrongly, is considered a safe haven.

Often, when the US dollar is very strong, gold goes down. I own gold, but I’ve not been buying gold in recent years. But if gold goes down sufficiently, I will sell my US dollars and buy gold. I expect the dollar to go substantially higher, and I hope I can sell then.


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.

Tuesday, April 18, 2017

Power can corrupt people

The world situation is more worrying. Mr Trump has now bombed Syria. Many American presidents love war, and Mr Trump had said he was a non-interventionist.

Now look at him! He is involved with Syria, and also saying he is going to get involved with North Korea. These can potentially not be good for the world. 

If the Middle East blows up in the next year or two, it won’t help the markets. It will help Russia and oil. It won’t help India or China. Mr Trump has promised to have trade wars with Mexico and China. He has not done it so far and so, maybe, is just another lying politician. But he said the same of Syria and then he intervened. He has said North Korea better watch out. He met with the Chinese and did not get anything. Power corrupts. Interest rates are going higher no matter what happens. The French and German elections are coming up—they could be disruptive.

Thursday, April 13, 2017

The Fed is made up of bureaucrats and academics

Interest rates are certainly going higher but I look at the market more than I look at the Fed. The Fed has basically always followed the market, but interest rates will go higher one way or another. Now ... when problems start arising again, the Fed is going to panic and cut rates or print money because they don’t know what they’re doing. They’re bureaucrats and academics; they’ve never gotten it right.

Wednesday, April 12, 2017

Why I would not own the Euro

The euro and everything else is gonna go down. Now the euro, of course, has serious problems. It's a fabulous idea and the world needs something to compete with the U.S. dollar. Unfortunately, the euro's been very badly executed, very badly constructed, that people come in with phony bookkeeping, or with no bookkeeping, and with very bad fundamentals. So the euro is gonna continue to go lower, I'm afraid. There'll be rallies along the way, of course. I mean nothing goes straight up and nothing goes straight down, but basically I would not own the euro.

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.

Tuesday, April 11, 2017

Shale and Frackers do not make much money unless oil prices are higher

Energy is making a complicated bottom. You’ve got to look back a year or two and see that in 2015/16/17, oil prices made their low. I expect another drop down before it makes that low. But at that point, people should probably buy energy because the known reserves of oil continue to decline, except for fracking. Most fracking cannot make money unless prices are much higher.


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.