Jim Rogers : My money is mainly in real assets in commodities especially agriculture , I own commodities agriculture Gold and Silver mainly
I own the Swiss Franc I own the Yen and I own the Euro , I own all of them I am not selling any of them I know I am up against the central banks but I rather be against the central banks than with them , they are always wrong ,
I bought the Euro in the summer 2010 when it collapsed I would not buy the Euro right now but I am certainly not selling it
I hope you see how bad things are in the US , there is going to be a default , they may not call it a default they may just inflate the currency away , there are many ways that you can default with acknowledging it but yes America is the largest debtor nation in the history of the world America has serious problems they are not addressing them they are not rectifying those problems things are going to get worse as America declines
finance is not going to be a great place to be for the next several years all those people who got MBAs made terrible mistakes they should be getting farming degrees or mining degrees , finances are going into decline after 30 year bull market and farming after a 30 year bear market is going into a 30 year bull market you should become a farmer or a miner if you do not like television head on west and become a farmer
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%.
JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
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