Where would you invest? Emerging Asian countries appear to have withstood the current crisis. Is the next round of crisis round the corner?
Jim Rogers : Russia. I’ve also bought few shares in China recently. That is all for the moment. I’ve invested in Myanmar five years ago, but I am not buying new in Myanmar now. If something new comes up in Myanmar, I would like to invest. I would love to invest in North Korea, but I cannot as I am American. Most stock markets around the world are artificially high because of the artificial sea of liquidity that is going on, and this ocean will run out. It may not dry up for the next three years, but I am not rushing in and buying.
No, I don’t think the next round of crisis is coming soon; individual countries may have some problems. I don’t see a global crisis coming soon because everyone is printing money. In America, there is no constraint on printing money and there is no constraint on government spending because of recent actions. Japan is not going to slow down printing money. There are no constraints on this madness that is going on. But, this is madness and will end in disaster. The disaster may not come till 2017. - in livemint
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%.