Monday, April 27, 2015

Russian sanctions are unfair

The sanctions are unjust and an injustice. Russia should not have been affected by sanctions at all because it was America that started that coup and then turned around and blamed it on Russia.

It is forcing Russia and Asia closer and closer together, which is going to hurt America and Europe in the long term. It is going to be good for Russia and for Asia.

If these measures [arms withdrawal from Ukraine] continue in a positive way, then the sanctions may be lifted fairly soon. And if that happens, I assure you the stock market is going to go up a lot. And the ruble will go up.

If somebody wants to make a lot of money, something like the ruble may be the way to go because it is down so much. And if things do get better, which I expect, the ruble may very well rally.

I know the Germans want to lift sanctions, I know the French want to lift sanctions. Will I increase my investment [in Russia]? Yes. I am investing now, and have been [investing].

People have to make their own decisions. I make many mistakes, I do not know if I am right or wrong, but I am investing in Russia now.

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.