Jim Rogers Still Buying Asian Stocks While Waiting To Add To His Gold

Well-known investor, author, and financial commentator Jim Rogers was recently interviewed by Kitco News anchor Daniela Cambone. The former investing partner of George Soros in the legendary Quantum Fund talked about a number of topics, including U.S. and foreign stocks, Bitcoin and other cryptocurrencies, gold, asset bubbles, and how he’s preparing himself for 2018.

On U.S. equities, Rogers said:

I’m not a buyer here, Daniela. Stocks have been going straight up. I don’t like to buy straight up. I would buy Japan, for instance, and China- both of which are down a lot. And if America’s going to continue going up or turn into a bubble, they’re going to go up more.

On U.S. stock prices:

I would expect that they will go up for a while, and then go down by this time next year.

(Editor’s note: Bold added for emphasis)

On gold:

I’m not selling any of my gold. I’m not buying gold. I’m sitting and watching. I’m still waiting for gold to go down so I can buy more.

(Editor’s note: Bold added for emphasis)

For 2018:

I’m still buying shares in Asia. China’s down 40 percent from its all-time high. Japan’s down 50 percent from its all-time high. The Japanese government is doing unbelievably everything it can to get stocks up. It’s not good for Japan what they’re doing, but it’s good for me- it’s good for people like me who own shares. Anyway, I prefer to buy Japan which is down 50 percent to America which is making all-time highs.

(Editor’s note: Bold added for emphasis)


“Jim Rogers: I Have Never Seen Anything Like Bitcoin”
YouTube.com Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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Tuesday, December 19th, 2017 Asia, Commodities, Crash Prophets, Investing, Precious Metals, Stocks

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