Tuesday, November 22, 2011

I expect there will be more shortages more problems more money printing

Jim Rogers : Alex my own and my family portfolio is mainly commodities especially agricultural commodities and precious metals , we own all commodities because great shortages are developing for 20 - 30 years we had a big bear market in commodities very little money was spent on productive capacity , the average farmers age in America is 58 years old in Japan it is 66 , we have huge supply problems facing us with all commodities so that's why I am long , if the world economy gets better I am going to make money because there are shortages but if the world economy does not get better I rather own commodities real assets because they are going to print more money once you have shortages , in the 70s the world economy was in trouble everywhere nearly everywhere and the stock market did nothing for twenty years yet if you owned commodities you made a huge fortune we had one of the greatest bull markets in history in commodities at a time when economies and the stock market were in the tank so we own commodities because I expect there will be more shortages more problems more money printing and that's how you protect yourself , I have sold short emerging markets stocks European stocks American technology stocks because I see more and more problems coming and the way to protect yourself in my view is to own real assets whether it is silver or rice whatever get yourself some real assets - in The Alex Jones Show

Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "