Jim Rogers says he is not selling anything short
In an interview with Bloomberg TV Jim Rogers the legendary investor and commodities guru says that for the first time in his life he is not shorting this market unlike of what he has always done during his professional life as an investor , "I have no shorts right now " says Jim Rogers "for the one of the first time in my life partly because I cannot find anything to a great excess , the American bonds for example are in a great excess but I am not shorting them because the Federal Reserve has more money than I do and they can drive the bonds even higher , but other than that I do not see many things in great excess and I do not to sell short unless I see great excess "
In a similar interview this last June Jim Rogers said They're Printing So Much Money That Stocks Will Go To 30,000
"They're printing so much money that I would not be short. I have no shorts. In most of my life, I've always had a short of 2, or 3, or 16... because I'm afraid they're printing so much money that stocks will go to 20,000 or 30,000. Of course it will be in worthless money, but it could happen," says Rogers. Not surprisingly, he recommends investing in commodities or "hard assets", rather than stocks. Rogers also expressed a preference for silver over gold.
As to whether foreign creditor nations will dare to dump U.S. Treasuries, Rogers responds, "... but they can [simply just] stop buying [U.S. Treasury securities], if nothing else. And I would suspect, that somewhere along the line, somebody, whether it is the South Koreans, or the Chinese, or the Russians, somebody's going to say 'I'm going to start selling mine before everybody else does.' And that's when you have a currency crisis."
No comments:
Post a Comment