Monday, March 28, 2016

Buying Russian bonds in terms of Rubles

Many Russian bonds are under sanctions, and I can't just pick up the phone and buy them. I as a US citizen and many other citizens of Western countries can't legally buy the majority of Russian sovereign bonds. It's absurd.

I am suspicious [about Eurobonds] because I'm not that optimistic about the euro, and they will be in dollars or euros. If I buy Russian bonds, they will be in rubles.

Potential opportunities

If China's market goes down low, I would buy there. I am looking to invest in Kazakhstan, where there are very dramatic changes taking place, positive changes. It's difficult for an American still to invest in Iran, but the Japanese can and should be investing in Iran.


The world is going to have to face the problems and take the pain, and it's going to be painful especially in Japan. But you let people go bankrupt, you clean up the system and you start over.

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.