Jim Rogers : Inflation is not a risk it is already here
legendary investor and commodity expert Jim Rogers chairman of Rogers Holding joins Newsmax for an interview :I think it is a terrible terrible mistake what Mr Bernanke have done , he is essentially ruining the US economy in the long run and ruining the dollar as well , all of us we are paying the price and we will continue to pay the price " Jim Rogers answers when he was asked about the fact that Ben Bernanke have decided to keep low interest rates for an extended period of time ....Inflation is not a risk it is already here says investor Jim Rogers , I do not know if you go shopping , the rest of us who go shopping we know that the prices re going up explains Jim Rogers , whether it is insurance or entertainment or education or fuel , the prices of everything are going up and we all know it , go to the grocery store and you will see....the prices are going up on everything and they are going to get worse because Mr Bernanke and the people in Washington are spending gigantic amounts of money which we do not have somebody has to pay for this , there is no free lunch ..."stocks are doing OK and stocks are probably going to be OK for at least a while because of all this money that has been flooded into the economy, when all this money is flooded in the market it has to go somewhere and a lot of it has gone into stocks , and that's why stocks have been going up and why they are probably going to continue going up at least for a while ..and will have to let to everybody make their own decision about how much money they want to put into the stock market , but if you going to have cash you ask a very perceptive question , what kind of cash do you want ? if you own US Dollars you may find that you are losing money eventually down the road it's so happen at the moment I own US dollar I am optimistic that the US Dollar is the place to be for the short term for some technical reasons but longer term , the US Dollar is a terribly flawed currency............................
Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets
