JIM ROGERS

JIM ROGERS

Saturday, August 31, 2013

JIM ROGERS VIDEO INTERVIEW with ET NOW [FULL]

"I am short on EMs like India and Indonesia,"

 ET Now: You have said you are negative India because of a host of reasons. We have corrected a bit today. How much further do you think the Indian equity markets can slide down?
Jim Rogers: I am not very good at market timing or short term trading. I expect India to have serious problems. Much of the world is going to have serious problems. India, Indonesia, Turkey - you are not the only one. I am not picking on you, but your politicians and other politicians have made terrible mistakes and now we are going to have to pay the price.
ET Now: With gold prices soaring to the levels of 32600, what are the commodities that you are currently betting on?
Jim Rogers: I have started buying some sugar. I am not sure of how I got my timing right, I am never very good at it, but I am more bullish on agriculture. Some agriculture prices are very depressed. Sugar, for instance, in the western market is down over 75% from its all-time high. Especially for India and places that I mentioned, you are going to need to protect yourselves from currency debasement and currency decline. So think of real assets.
ET Now: What about gold? MCX gold by virtue of what the currency has done as well is trading at newer highs. It has gained quite a bit in the last few days as well. How much further do you think gold can move up to - internationally or possibly in India?
Jim Rogers: I bought some internationally when it collapsed. When it got to $1200, I bought some just in case I suspect that there are going to be future opportunities in the international markets. India has got their situation with your currency which makes it more and more difficult for you to judge the timing because you have to get the currency and the western price of gold right. I am not buying gold in the west at the moment. I am just watching, expecting another chance to buy. But if war breaks out in the next week or month or something, who knows how high India is going to go and it looks like war might break out.
ET Now: If indeed there are these Middle Eastern tensions that come out as well, do you think prices of both gold and crude will go up in the near term?
Jim Rogers: They will absolutely move up. They will certainly move up. They might move up so much that one will have to sell them. They may spike up depending upon what kind of war it is and how the war evolves. If oil goes up to a couple of hundred dollars a barrel on the war, then I would probably have to sell it because it would be a spike and no matter how bad the war is, I do not think it would keep the prices that high. Likewise with gold, if it went up a whole lot, I would have to sell it and it could happen. But at the moment, I am not buying gold or oil in the west. In India, you have a serious problem because of your economy and your currency. You do need to own real assets in India.
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%.





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 "