Jim Rogers: Theres no such thing as a sound currency anymore

Commodities legend wall street king and famed global investor Jim Rogers owns the Swiss franc, but he doesn't believe there is such a thing as a sound currency anymore , all currencies are FIAT currencies worth the paper they were printed on . In today's world, sound currencies don't exist anymore.

Jim Rogers : I am investing in currencies and commodities rather than stocks

More Social Unrest, Currencies Turmoil: Jim Rogers on CNBC 04 Feb 2011

Jim Rogers :."....Jeff I do not know very many equities , have not bought any equities for a while because I do not know what's gonna happen with the world economy but I expect more currency turmoil more social unrest more governments collapsing , so I am investing in currencies and commodities rather than stocks..." " Jeff I have been explaining to you and everybody else at CNBC for a year and half or two now that food prices are going to go through the roof they are gonna explode , it's happening , I still would buy agricultural products we have serious shortages of everything developing including shortages of farmers this is a serious thing which is going to last for a long time it is going to cost more upheaval in the world and it's be an investment opportunity ...."



Feb. 3 2011 | More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC Thursday.

Jim Rogers : My investments are commodities and currencies right now

Jim Rogers :"I'm mainly long commodities. My investments are commodities and currencies right now. I'm short bonds, as I mentioned, I'm short an emerging-market ETF, because emerging markets were so hot in the last couple of years. I own some shares that I've owned for years. I have all my Chinese shares that I've ever owned. I bought my first Chinese shares back in 1999. I don't like to sell things unless there's a good reason. "
 via www.thestreet.com 12/15/10

Jim Rogers on Gold Inflation and Fiat Currencies

I know the old (gold) high, adjusted for inflation, is over a couple thousand dollars an ounce. I know it'll get over that in the next decade. It depends on how much they debase the currencies. It's all part of the same picture... most governments everywhere only know one thing and that's to print and spend money that they don't have. Whenever you do that, it debases currency, always has, and until I see some governments realize that they have to do something else, then I plan to own gold and other precious metals and other real assets.

Jim Rogers Interview on Currencies and Inflation

By Ron Hera

June 3, 2010

©2010 Hera Research, LLC

The Hera Research Newsletter (HRN) is pleased to present the following exclusive interview with legendary international investor, best selling author, adventurer and family man Jim Rogers, Chairman of Rogers Holdings and founder of the Rogers International Commodity Index (RICI). Jim Rogers’ commentaries on economics and finance have been featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and other major publications, and he appears regularly on television networks around the world.

After growing up in Demopolis, Alabama, and earning degrees from Yale and Oxford Universities, where he studied politics, philosophy and economics, Jim Rogers co-founded the Quantum Fund in 1970, which gained 4200% over a 10-year period, during which the S&P advanced approximately 47%. After retiring at age 37, he managed his own portfolio while serving as a guest professor of finance at the Columbia University Graduate School of Business and as the moderator of WCBS’ “The Dreyfus Roundtable” and host of the Financial News Network’s (FNN) “The Profit Motive with Jim Rogers.”

Between 1990 and 1992, Jim Rogers fulfilled his lifelong dream of motorcycling across six continents in a 150,000 kilometer journey that won him a place in the Guinness Book of World Records. He also undertook a Millennium Adventure in which he traveled around the world in 1101 days, passing through 116 countries and traversing more than 245,000 kilometers.

Jim Rogers’ English language books include Investment Biker: On the Road with Jim Rogers (1994), Adventure Capitalist: The Ultimate Road Trip (2003), Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market (2007), A Bull in China (2008), and A Gift to My Children: A Father's Lessons for Life and Investing (2009).

Hera Research Newsletter (HRN): Thank you for speaking with us today. Let’s start with the world reserve currency. What do you think about the International Monetary Fund (IMF) replacing the US dollar as the world reserve currency with Special Drawing Rights (SDRs)?

Jim Rogers: The world didn’t have an IMF for a few thousand years. The IMF was founded after the Second World War to take care of any short-term currency needs that countries might have. It turned out pretty quickly that they didn’t have very many as the world recovered from the war, so the IMF found other things to do. They now have thousands of employees and have manufactured jobs for themselves. They’ve not had much success, if you look back over the past 60 years. Nearly everything they’ve done was wrong. Why do we need the IMF? It’s not 1945 anymore.

HRN: Rather than using a national currency as the world reserve currency, what about a global central bank?

Jim Rogers: That’s not what the IMF is, first of all, but even if they were, we certainly don’t need a central bank for the whole world. We never had one and the world got along pretty well for thousands of years without bureaucrats taking the world’s money. I’ve never added up how much the IMF has spent during the last 60 years but it must be a staggering amount, and for what good? I mean, we certainly haven’t gotten anything out of it. We haven’t gotten nearly as much for our money as they have spent.

Read more: http://www.businessinsider.com/jim-rogers-inflation-2010-6#ixzz0pyoo4jQa

Jim Rogers : Americans should move to Asia

Jim Rogers Obama does not Understand Economics !!!!!!

Jim Rogers : I do not believe in anything , I do not believe in belief , Mister Obama is smart and an exciting person but he does not understand economics ...he has no real experience at life or at he way the world works ...what should Americans do ? they should move to Asia that's what I have done ...in every disaster they are opportunities for people who keep their heads and be rational and do their homework there are opportunities to be found ...



Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets

Jim Rogers on The Euro the Dollar The Yuan and The Sterling

Long Euro as Greece to 'Fudge' Through Crisis: Jim Rogers CNBC 17 Mar 2010

"You should put S&P on a debt-watch list if they take Greece off. Greece is in serious trouble," Jim Rogers, chairman of Rogers Holdings, said Wednesday they may get through this crisis and I expect Greece to go through this crisis by papering over it but that's not a solution to the long term problems in Greece or many countries for that matter Jim Rogers added ...I am long the Euro because I expect them to get through this problem ...I am long the euro I am long the dollar I am long the Yen against ...The Zimbabwe Dollar , against the sterling says Jim Rogers ironically , I have no position in the sterling I am not no short nor long the sterling ...to my mind Greece , they are going to make the problem worse down the road ...in my view if I was doing it and this is not going to happen but I would have left Greece going bankrupt because then everybody would say The Euro is a serious currency , they are not going to let people spend money they do not have they are not let them run up huge debt and at that point the Euro would take off , because everybody will look A HA this is the sound currency we were looking for ...listen if the Euro would have left them go bankrupt I would buy all the Euros I can tomorrow and so the rest of the world ...The Euro is a political currency it is not a sound currency anymore , on an economic basis it is sounder than the US Dollar on a political basis it is less sound ...I suspect the US would have more problems first and then the Euro , but who knows ? Jim Rogers explains and to make things clear I own both , I own the dollar and the Euro as we speak ...I have no positions in sterling I expect the sterling to continue to have serious serious problems in the next few decades but I have no positions neither long nor short right now ...i own the Yuan , it is that easy to but the Renminbi as you know it is complicated because it is a blocked currency it can be bought with complications but it can be ...I expect it to go higher over the next few years so whenever I can I buy more Renminbi , but that's not for most people because it is a blocked currency
He told CNBC he is long the euro because he expects Greece to "fudge" through its debt crisis. But he added that he would let Greece go bankrupt as it would benefit the euro in the long term.

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

which Currencies make a good Investment by Jim Rogers

What Currencies present the best chance for making Money ?:
Jim Rogers says "The Canadian Dollar the Singapore Dollar The Euro perhaps although it has serious problems on the long term , I own the Yens I own the Australian and kiwi Dollars I own several currencies "Jim Rogers does not specify a single currency that he believes will be a great investment for the future , he says he is just trying to find a stable one and that politicians and central bankers have learned to debase currencies , He says that Singapore insists on having a sound currency but that have the disadvantage of having a sound currency and nobody else does , they cannot be competitive , Canadians have done a much better job ...but Jim does not seem to find an exciting currency " I am sure there is one out there I just have not found it yet " and he added " There is peace in Sri Lanka ...conceivably the Sri Lankan Rupee ! I have no idea I do not have investments in Sri Lanka " " In the meantime I am looking for something that is less flawed than the US Dollar but I do not know of a currency worth rushing out to buy it , I do not know it , I own several and I hope they are less flawed than the US dollar ..., and conceivably the Brazilian currency
Question : What are the secrets to commodity investing ? Answer : " You should not invest in anything that you do not understand , we all know what cotton is we all know what oil corn zinc are , none of us had a clue what the Dot come was , these are things we all know about they are simpler to analyze than stocks , I do not say they are easy i say the are simpler , nobody could understand IBM , but for cotton the question is is there too much cotton or too little cotton that's hard to do , but that's all you have to do to make an investment" added Jim Rogers .....



Jim Rogers Investor and Author and Chairman of Rogers Holding

Jim Rogers sees the collapse of Major currencies imminent

Investment guru Jim Rogers has no shorts in the stock market for the first time since 1987 , he says the governement is printing so much money it could carry stock prices to elevate leve;ls