Jim Rogers Interested in West Africa & bullish on Myanmar, Russia

Jim Rogers Interested in West Africa & bullish on Myanmar, Russia

JIM ROGERS BULLISH ON MYANMAR, RUSSIA


ANCHOR, OFF-CAM, (ENGLISH) SAYING:
Last time you were here, we spoke a bit about Myanmar. You're bullish on that country. How are you playing it?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
There's one company that is listed in Singapore that I own and I've owned for a long time. But I don't know any other way yet. There is no stock exchange. They're going to open one in 2015 they say. But that's the only way I know to play Myanmar.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
And Russia? Last time you were here, you're also bullish on Russia.
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
I'm looking for ways. I've owned- I have a few small investments in Russia. I'm trying to find stocks or bonds but I don't want to buy the mainstream. I want to buy the different things. Maybe I'm being too- and I might buy the currency. I might buy the Ruble.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
Now Reuters is speaking to the President of Liberia. Does West Africa interest you? And if so, how would you play those types of markets, frontier markets in Africa?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Africa is extremely interesting to me. And most of them have stock markets. Ghana has a stock market, Ivory Coast has a stock market, Nigeria- there are stock markets you can play. I don't have investments in West Africa at the moment but I have had in the past. There are certainly plenty of ways to play it.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
You love gold. You're known as the Commodities King.
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Yeah, I own gold. I'm not buying gold. I wouldn't buy gold now. I'm waiting for gold- I don't- in my view, the gold bottom, whatever the bottom is, hasn't been made yet. The final bottom- and I probably won't get it right. But if and when, I hope I buy more gold.
ANCHOR, OFF-CAM, (ENGLISH) SAYING:
And when, when would you buy more?
JIM ROGERS, CHAIRMAN, ROGERS HOLDINGS (ENGLISH) SAYING:
Tell me when the bottom ...

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary 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%.