Jim sees China as successfully cooling its economy and avoiding a hard landing. Globally, he is concerned about both Europe and the US. He believes there is no true austerity in Europe, as deficits continue to rise. Jim sees the Federal Reserve as enabling government deficits, and continuing to massively print money. While Jim doesn’t see the precious metals markets as manipulated, he believes both gold and silver are headed higher. Jim owns both gold and silver and is not selling. If the price goes lower, he will buy more. His three favorite investments: agriculture, metals, and currencies. Jim is short US bonds and stocks globally. Jim’s latest book, “Street Smarts”, will be available in February 2013. - via www.financialsense.com
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....
I've read them all. Can't wait for 'Street Smarts'! Keep up the good work & thank-you!
ReplyDeletei have clients that desire physical metal investment. i'm holding and have have some to sell;but the locals are so damn cheap. At one time they didn't have enough money to buy anything i had. If they do buy; they will expect me to cut my price to their accommodation. their want. Problem is they are not visionary enough to know the prices go up and the seller should not be expected to sell precious metals at less value than the spot value. When silver is at $45 50 dollars an ounce and the coins to saved for a hobby are for sale;The locals will want to buy at the 40 dollar price and like a Madoff situation;There will be feeders sending minions to be jealous and to steal from you. One i had a slew of rare coins and i suddenly realized i was the only chap who had been pulling in the belt and saving to hedge against inflation. The mob or the masses not one of them could be able to afford any of my rare coins. Then i had some pvc tainted old Chinese silver coins and the auctioneer consignment people tell me they are not good. they say to send them in anyway. Oh Hell NO!; i fell for that trick so many times and and i get ripped off. Perhaps i need to up the stage and seek the elite status people of whom know it is important ot have a vast array of investments that pay and grow wealth. The locals who are average Joe Q Public want what you have but they are not patient nor willing enough to invest in hedge and in preserving wealth. Instead the local yokel rich will score HUD government checks by renting out homes to their children and to their relatives 'n such. Now pills they want pills but when it comes to precious metals investing they are a complete blank. It is who can they steal from who can they borrow from who can they sue who can they shoot who can they burn out who can they terrorize for a pay off;And which set of doctors will continue writing prescriptions on the U.S. Governments dime. They want it all for FREE. What a bunch of bull $h!^; People have reduced themselves to. i hope to escape but thanks to the poverty in Appalachia; i live like a King in modest luxury. i regret i did not have many children to offset the bad genetics being bred across the planet that bleeds the government social systems. You keep spoon feeding a planet of dummies and they are rewarded for under performance and real bad genetics;Soon you will have more and more dependents asking the governments to borrow more to offset the governments promises to feed bread to the entire Roman Republic; And it's world wide colonies. i hope like Jim Rogers to once again hitch my wagon to A Wandering Star ;) i care but i can't even stop having to bail out the wife and her sprees. Imagine trying to control the screams of a needy public. Shazam thatz ah big hell of a chore. JIm Rogers and George Soros can be in control managing the bell curve of human behavior making Contrarian bids against the maddening crowds of the world and world governments;But if people could... The grasshoppers would try to demonize and strip these the little 'ol ants of all their wealth.
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