Monday, September 30, 2013

Jim Rogers owns oil, gold

I own oil, I own gold, I own things like that and if there is going to be a war…they’re gonna go much, much higher. Stocks are gonna go down, some of the markets that I’m sure are already going down, commodities are gonna go up. I mean, yeah, some of the things I own all make a lot of money. It’s, I’m not particularly keen on war, I assure you, but it sounds like they want it.

Friday, September 27, 2013

China will be affected by America, Europe, Japan

America, Europe and Japan, these economies are ten times bigger than China. Even if China is doing everything right, it will still be affected by what's happening in the rest of the world,

Thursday, September 26, 2013

Money printing is going to end

Quantitative easing and money printing is going to end in one way or the other. It is going to cause problems in the world economy. Sometime in the next year or two, we are going to have another economic slowdown

Wednesday, September 25, 2013

Jim Rogers Video interview Gold, Russia, Sugar on Fox News 2013


Chinese will drive global tourism market

With the blooming development since the reform and opening up over the past thirty years in China, the Chinese get richer and richer, thus driving the development in the global tourism market in the future.

Tuesday, September 24, 2013

China has great potential in agriculture

Nowadays, the whole world is short of agriculture products and the agriculture population is reduced sharply and the average age of global farmers is too high. However, China has great potential in agriculture, which is a favorable opportunity for the agriculture investors.

Monday, September 23, 2013

Turmoil coming up

I actually own the US Dollar because I consider there is going to be a lot of turmoil coming. People think its a safe haven.


Decline in mining industry is good buying opportunity

The significant decline of market value in mining industry is a very good opportunity for people who are familiar with this field. If the value drops to 10 percent of original value, I am going to take some actions.

Sunday, September 22, 2013

Jim Rogers owns Swiss Francs

I don't own Euro's I own Swiss Francs. Euro is not executed well, lots of problems in the Euro.

Friday, September 20, 2013

Globalization is good for Chinese people

There is no reason to restrict the Renminbi globalization. It is good for all Chinese people, as Renminbi globalization means all investors worldwide can invest in China, which will bring great market opportunities to China's commodities. Stock price in China will rise, China will become the world's center for commodity transaction, China's financial market will be the best in the world.

The US dollar is a troubled currency, Renminbi globalization can't wait too long, now it is an opportunity for it. 

Thursday, September 19, 2013

Jim Rogers talks about Renminbi

The only currency I can see that is on the rise and can replace the US dollar some day is the Renminbi.

Wednesday, September 18, 2013

Jim Rogers confident in Chinese Yuan

China is the largest creditor country and has huge trade surplus. The Chinese government has leaded Chinese Yuan to be developed on the right way over the past eight years, and those development trends make me confident in the Chinese Yuan long-term development in the future.

Tuesday, September 17, 2013

India was on top in 1947

It could derail, or it could open-up these countries further. If the billion plus people in India demand more and say the current system that is going on since 1947 is absurd, then it might make India a whole lot better. Compared to many of the countries globally, India was on top in 1947, but relatively India has only declined since then.

Remember that you move from dictatorship to oligarchy to democracy to chaos—may be they will throw out these absurd oligarchs who rule India and then it may have a vibrant democracy and regain its proper place, its historic place in the globe.

Monday, September 16, 2013

dont ban gold trading

If India curbs its gold imports, will its economy be back on track? There is no question that if you have money, it is better to invest it than put it into a stagnant asset—according to this argument, women should not buy dresses or shoes, or we should not be buying houses...the one billion Indians are smarter than the market and also the government.

If they see that they are better off putting their money in gold, that is what they will do—the solution is not a ban on gold (import), but to make the economy exciting enough to make people want to put their money into other things. That will be better for the economy, but this is putting the chicken before the egg or the cart before the horse.

Friday, September 13, 2013

India scapegoates gold

In my view, the main reason for the correction, other than the fact that it needed it, was on account of Indian politicians who suddenly blamed their problems on gold. The three largest imports to India are crude oil, gold and cooking oil. Since they can’t do anything about crude and vegetable oil, the politicians said India’s problems were because of gold, which, in my view, is totally outrageous.

But like all politicians across the world, the Indians too needed a scapegoat. Is this the reason why gold started correcting? I don’t know. But, India is the largest importer of gold, and whenever the largest buyer cuts back, there will be a correction, whatever is the commodity. The correction may continue for several more weeks, months or even a year or two. A 50% correction is common for commodities, but if gold were to correct 50% before it made its final bottom, that would be between $900-1,000.

Thursday, September 12, 2013

Gold went up 12 years in a row

It is a great question because I too am fascinated with gold and I do own gold. Gold went up 12 years in a row, which is extremely unusual, and there has been no asset in history that has seen something like this. The anomaly in the gold market is how strong it has been—it has never happened ever—technically, gold was overdue for a big correction. But the correction should be different from most corrections because the rise was so different from most rises. I was expecting it to decline and it has.

Wednesday, September 11, 2013

Germans who were supposed to be hardworking and disciplined

I was using this to state that we should be very careful about what governments tell us. In one of my books, I’ve come down hard on Germany—the Germans who were supposed to be hardworking and disciplined were also found to be making up some of the numbers they had been reporting related to job creation.

Tuesday, September 10, 2013

If you go back over the last few years, you will see the Indian economy

If you go back over the last few years, you will see the Indian economy, as per the numbers its government has put out—some of the numbers its government has projected—are comparable with those of China. Then you go see both countries and you’ll realize something is wrong. If India’s growth over the last couple of years was comparable to that of China, where are the schools, the highways, the infrastructure, the housing, where has it all gone?

Monday, September 9, 2013

Germans who were supposed to be hardworking and disciplined

I was using this to state that we should be very careful about what governments tell us. In one of my books, I’ve come down hard on Germany—the Germans who were supposed to be hardworking and disciplined were also found to be making up some of the numbers they had been reporting related to job creation.

All government numbers are suspect

All government numbers are suspect. Last week, the US government revised its economic statistics and added a whole economy bigger than the Swedish economy—so America just went up a level in a week because they revised the numbers. I don’t trust what any government says. The Soviet Union used to have great numbers, but they were all made up in offices in Moscow.

Friday, September 6, 2013

Oxford and Cambridge can fill up all their seats with Indians

There are millions of entrepreneurial, driven and smart Indians, but most of them want to be abroad because they know that unless they are involved with the right people in India, they are not going to be successful. Fewer than 50% of Indians stay in school till their 12th grade.

How many universities are there in India—nothing when compared to the population! There are very good Indian universities, but they are nothing compared to the qualified Indians who need good education. One reason you see so many Indians going abroad is to compete or to get education. It would be such an exciting country to do business, if it were opened up. Historically, it has been an economic power and I would try and restore it to that position. Oxford and Cambridge can fill up all their seats with Indians who would pay their own way.

Thursday, September 5, 2013

You keep companies out of India citing national security

If I were an Indian politician, I would make the country’s currency convertible tomorrow and stop deficit spending this afternoon. I would take a chainsaw to government spending as you continue to run up debts, I would free up the economy, especially agriculture, to make India the greatest competitor in this sector. You know, to open a retail outlet in India, even for Indians it is so tough—but for foreigners, it will take years in the current system. You keep companies out of India citing national security—just go to China and there are foreign companies everywhere.

Wednesday, September 4, 2013

Indian companies are successful because of their relationship to the government

In India, many of its companies are successful because of their links with the government. Apart from a couple of software companies, I literally cannot think of Indian firms who have made it big in the international scene. But there are many Japanese, Korean, Chinese, Taiwanese companies that are very big globally. All Indian companies that are successful there are because of their relationship to the government.

Tuesday, September 3, 2013

Indian brands in Singapore

Yes, but on the other hand, there are not many successful Indian companies, outside those that are associated with the government. Look around in Singapore and you don’t see many Indian products, except for some restaurants. There are very few Indian brands that you would recognize outside India.

Monday, September 2, 2013

India has some of the smartest people in the world, but it does not have an education system to support it

In 1947, India was one of the most successful countries in the world relative to others. Even as recently as 1980, India was more successful than China, but then you know how that story turned. It was more successful than South Korea, more successful than most places in Asia—but, for me, it is unfortunate that you have failed to take advantage of some of your most valuable assets. India has some of the smartest people in the world, but it does not have an education system to support it. Infrastructure is equally poor. So, I don’t know if India would have been better without a democracy, and some of the greatest periods in history have been without democracy. But these are just my observations, and it is the Indians who must decide what they want.