Jim Rogers

Profitable Assets, Professions In Germany’s Hyperinflation Of The 1920s

Since I started being concerned back in 2004 about the prospect of a U.S. financial crash, I’ve been interested in reading about the everyday lives of the people who lived through economic collapses.

Why? Because I believe there are valuable lessons to be learned for what I think is coming down the road for us here in America.

I haven’t really come across any good Great Depression accounts yet (if you know of one- shoot me over a suggestion). But the other night, I happened to stumble upon a rather lengthy article on the website of Der Spiegel (Germany) that provided a great deal of insight of what went on in Germany during their devastating bout with hyperinflation in the 1920s. Alexander Jung even went so far as to identify the financial “winners” and “losers” during that period of time. Jung wrote back on August 14, 2009:

The only objects of real value were tangible assets: diamonds and coins, antiques, pianos and art. The works of contemporary artists like Lyonel Feininger, Paul Klee, Max Pechstein and Karl Schmidt-Rottluff were in especially high demand. And if you had foreign currency, you lived like a king

The stupid ones were those who had nest eggs: the thrifty, holders of government bonds, but primarily the country’s pensioners. In other words, those who received money without having to work for it, who lived on their pensions or the interest on their savings. Large sections of the middle classes saw themselves stripped of their assets, losing almost everything they had set aside for years. Banks, savings banks, and insurance companies suffered huge losses and were left with nothing but their paper money. As a result, they had to start the majority of their businesses from scratch in 1924.

By perverse contrast, the winners of the hyperinflation were those with massive debts; first and foremost the state, but also private individuals who had borrowed money to buy houses, construction land or farmland, and whose loans were slashed by the switch to the rentenmark.

Some industrialists made huge gains from the period of hyperinflation. Hugo Stinnes, whom Time magazine crowned “Germany’s new Kaiser,” built up an immense corporate empire comprising heavy industry, newspapers, ships and hotels — all based on a mountain of debt. As late as the summer of 1922, Stinnes was recommending that people continue capitalizing on “the weapon of inflation.” Indeed manufacturers and craftsmen in general profited from the crisis since they possessed plants and buildings — that is, tangible assets that outlived the currency switch.

Most farmers also did extremely well. “They had money to burn, and spent it willy-nilly,” writer Lion Feuchtwanger recalled. Some bought themselves entire stables of racehorses, others expensive cars. “Farmer Greindlberger drove from the grimy village street of Englschalking to Munich in an elegant limousine complete with a liveried chauffeur, while he himself was dressed in a brown velvet jacket and a green chamois-tufted hat,” Feuchtwanger wrote of the rural rich…

(Editor’s note: Bold added for emphasis)

That last bit about farmers buying expensive cars reminds me of what “crash prophet” Jim Rogers has been telling anyone who will listen:

The farmers are going to be driving Lamborghinis and Maseratis.

Anyway, the quote doesn’t do the piece justice. I recommend you read the entire article on the Der Spiegel site here.

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

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Jim Rogers On Coming Fed Moves, Investing Opportunities

I just got finished reading an interview of well-known investor, author, and financial commentator Jim Rogers by The Economic Times (India) a short time ago. Published yesterday, the former investing partner of George Soros shares his thoughts on a number of topics, including:

• Investing opportunities during wartime (commodities, including crude oil, gold)
• Federal Reserve coming moves (continued tightening, then full-reverse)
• Crude oil price movement (higher and in a holding pattern)
• Gold price movement (suspected buying opportunity in next year or two)
• Other investment opportunities (industrial metals, natural gas)

Lots of good insights dragged out of Mr. Rogers by the Times crew, which you can read all about on their website here.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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Jim Rogers: Some Currencies, Real Assets Could Shine When Coming Bust Arrives

Enough about Chicago already. Let’s talk money.

Last time I blogged about well-known investor, author, and financial commentator Jim Rogers, he shared this warning regarding the ocean of liquidity that’s been created by unprecedented money printing via the world’s central banks:

When it ends, we will all pay a terrible price.

That was the end of May. And now?

Disturbingly, he’s singing the same tune.

Elena Torrijos reported on the Yahoo! Finance Singapore website yesterday:

He doesn’t know when the party is going to end, but he believes when it does, “we’re all going to suffer very, very badly”. He said the US would also fare worse than it has in previous economic setbacks because the country’s debt is now so much higher than before.

“So the next one [economic bust] is going to be much worse… so be worried, be careful and be prepared,” he warned.

Everybody should have a game plan, he said. “Learn how to cut back if you need to, even learn how to sell short. Short sellers are going to earn a lot of money the next time around,” he pointed out.

(Editor’s note: Bold added for emphasis)

The Singapore-based Rogers suggested certain currencies could initially offer refuge when the “bust” arrives. Torrijos added:

He believes some currencies are going to do well in that time of turmoil. “The Chinese renminbi, for instance, will probably continue to do extremely well over the next few years. I even own the US dollar at the moment. The US dollar is a terribly, terribly flawed currency, but at the moment I own it because when the turmoil comes many people will flee to what they see as a safe haven,” he said.

When invariably central banks start printing money to pump prime their economies, he’s not sure which currency he’d flee to. “Maybe the renminbi, maybe gold, probably real assets, because once the floodgates open even more, the value of paper money everywhere is going to go down a great deal,” he said.

(Editor’s note: Bold added for emphasis)

What about commodities- something with which the former investing partner of George Soros is so closely identified with? Back on December 3, 2013, Rogers appeared on The Lang and O’Leary Exchange, a Canadian business news television series which airs weekdays on CBC Television and CBC News Network. He told host Amanda Lang:

This is going to end badly. We’re all floating around on a sea of artificial liquidity right now Amanda. This is not going to last. No, no. And when it ends, the bull market in commodities will probably end too. But, the bull market in a lot of stuff will end.

(Editor’s note: Bold added for emphasis)

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

Source:

Torrijos, Elena. “Jim Rogers reveals his Singapore investment strategy.” Yahoo! Finance Singapore. 14 July 2014. (https://sg.finance.yahoo.com/news/jim-rogers-reveals-his-singapore-investment-strategy-153319907.html). 15 July 2015.

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Jim Rogers: ‘We’re All Going To Pay A Terrible Price’ When ‘Artificial Ocean Of Liquidity’ Ends

Tonight, I want to talk about well-known investor, author, and financial commentator Jim Rogers. The former investing partner of George Soros- who I recently heard is worth approximately $300 million (Soros $23 billion)- recently shared his thoughts about the global financial system and potential investment opportunities.

On May 27, Nina Xiang of the China Money Network contributed the following on the Forbes website:

Legendary investor Jim Rogers has been warning about “the ocean of artificial liquidity” as a result of the unprecedented money printing by central banks around the world for quite some time now.

But with the U.S. stock market at an all-time high, his cautionary words seem to have hardly been heeded…

“When it ends, we will all pay a terrible price,” says Rogers…

Read it as an advocacy for an alternative attitude that is unpopular at the moment: the attitude of awareness that we are in this “artificial period” and it will end one day; the attitude of fearfulness that there will be more turmoil in the next ten years; the attitude of preparedness, that includes stocking up some extra food, a spare flashlight, and gold coins — instead of gold bars — for when the time of emergency comes…

(Editor’s note: Bold added for emphasis)


“Jim Rogers: We Will All Pay A Terrible Price For Today’s Artificial Liquidity”
YouTube Video

Note that in the Chinese Money Podcast that was uploaded onto YouTube the same day as that Forbes piece, Xiang and Rogers talked about regional conflicts and the Singapore-based investor predicted:

I would suspect that sometime in the next ten years, the world’s going to have a bigger conflict.

On May 26, the text of another interview with Jim Rogers was published on the website of The Economic Times (India). Rogers, who correctly predicted the commodities rally that started in 1999, talked about the following investment opportunities:

• Gold and silver- “If it goes down, I assure you I will be buying more gold and more silver.”
• Crude oil- “Remember, all the other known reserves in the world are in decline, even if the supply from the US is rising. Everywhere else, there has been declining reserves, because there have been no great oilfield discoveries in over 40 years.”
• Sugar- “I am bullish on sugar.”
• U.S. dollar- “I own the US dollar and have not sold any. In fact, probably I would have bought some more, if I weren’t talking to you.”

Rogers concluded this discussion by sharing that:

I am still trying to find some more things to buy in Russia, maybe some Chinese shares and maybe some more Japanese shares…

Nice job by The Economic Times getting this information from Rogers.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

Sources:

Xiang, Nina. “Why We Should All Take A Moment To Listen To Jim Rogers.” Forbes. 27 May 2014. (http://www.forbes.com/sites/ninaxiang/2014/05/27/why-we-should-all-take-a-moment-to-listen-to-jim-rogers/). 29 May 2014.

“Will be excited about investing in India if Narendra Modi delivers: Jim Rogers.” The Economic Times. 26 May 2014. (http://articles.economictimes.indiatimes.com/2014-05-26/news/50098911_1_jim-rogers-commodity-space-gold-imports). 29 May 2014.

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What Jim Rogers Is Buying In China, Russia These Days

Investor, author, and financial commentator Jim Rogers recently appeared on the Yahoo! Finance show The Daily Ticker. Host Lauren Lyster asked the former investing partner of George Soros about China and Russia. Rogers shared the following with viewers in a segment published yesterday:

Chinese Stocks

I am not buying much in China. I am buying a little bit. They still have a big debt problem, which worries me a lot. But, I have started buying because they had a big conference in November where they said, “This is what we’re going to spend our money on in the next twenty years.” Now, Ms. Lyster- they’ve got more money than I do. And they’re smarter than I am. And if they’re going to put a lot of money into some sectors of the Chinese economy, I am too. And, they said we’re going to open up the economy more and more- especially in finance. So I started putting a little more into financial companies. And more important, they said, “When there’s a situation where we’re not quite sure what to do, we’re going to let the market decide- such as health care….”

So, I’m finding optimism. I haven’t bought shares since 2008- November of 2008. But I’m starting to buy in a small way again.

Russian Stocks

I did buy during Crimea. I woke up and said, “I’ve got to do something now because this is really collapsing.” So I bought more when they marched into Crimea or whatever it was they did. But no- I’m looking right now. But if I weren’t talking to you, I’d probably be buying more.

Russian Ruble

I’m not buying the ruble so much naked. Not naked. But, I might. I might. You’re supposed to buy when there’s blood in the streets… Russia- there’s blood in the streets. Figuratively.


“Jim Rogers: Forget U.S. markets, I’m buying Chinese and Russian stocks”
Yahoo! Finance Video

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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‘Crash Prophets’ Page Streamlined, Updated

Just wanted to let you know that this weekend I streamlined and updated Survival And Prosperity’s “Crash Prophets” page.

In case you’ve never visited it, “Crash Prophets” is:

Where the latest investment activities/recommendations of the “Crash Prophets”- Dr. Marc Faber, Jeremy Grantham, Jim Rogers, and Peter Schiff- that can be found through freely-available sources on the Internet are compiled.

Hope readers are finding this page informative.

Christopher E. Hill
Editor

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Monday, April 28th, 2014 Crash Prophets, Housekeeping, Investing No Comments

Jim Rogers: ‘This Is The Time To Buy Russia’

Investor, author, and financial commentator Jim Rogers has been bullish on Russia for some time now. In fact, by the time I first blogged about his optimism for the country back in February 2013, he had already invested there.

Despite the recent crisis in the Crimea and subsequent sell-off of Russian assets by international investors, the former investing partner of George Soros hasn’t changed his mind about the former Communist nation. Gertrude Chavez-Dreyfuss and Daniel Bases reported on the Reuters website Sunday:

“Russia’s stock market right now is one of the cheapest in the world, and probably one of the most hated,” said investor and commodities guru Jim Rogers, chairman of Rogers Holdings, in Singapore. “This is the time to buy Russia.”

(Editor: Bold added for emphasis)

Chavez-Dreyfuss and Bases added later in the piece:

Rogers, who has been investing in Russia for the last 1-1/2 years, said he bought Russian stocks last week. He said if more sanctions are imposed and the equities market declines further, there would be more buying opportunities in Russia.

Rogers said he is looking for non-energy companies – a tall order considering the RTS Index of 51 leading Russian companies is heavily skewed toward energy (58 percent of the index) and basic materials (13 percent)…

(Editor: Bold added for emphasis)

In January 2013, the Singapore-based investor identified Russia as one market holding the best prospects for investors. Next month, Rogers made it known he had bought Russian bonds and currency. By September, he revealed he had also bought Russian ETFs, but explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

Source:

Chavez-Dreyfuss, Gertrude and Bases, Daniel. “Analysis: Russia sell-off spurs hunt for bargains.” Reuters.com. 30 Mar. 2014. (http://www.reuters.com/article/2014/03/30/us-emergingmarkets-russia-investing-anal-idUSBREA2T03720140330). 31 Mar. 2014.

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MarketWatch On Jim Rogers: ‘Signs Are Suggesting He’s Right In His Gloomy Prognostication On Food Supplies’

I started blogging about investor, author, and financial commentator Jim Rogers back in the summer 2007, right after launching Boom2Bust.com, “The Most Hated Blog On Wall Street.” Rogers- who correctly called the commodities rally in 1999- was already talking up agriculture as a great investment opportunity seven years ago.

Time and time again on this blog, I’ve noted how bullish the former investing partner of George Soros is about the sector.

And yesterday, the financial website MarketWatch concluded the Singapore-based investor might be on to something.

From Karen Friar on The Tell blog:

What makes today’s comments more pointed is that signs are suggesting he’s right in his gloomy prognostication on food supplies.

Severe weather of different kinds, production constraints and other factors are pushing up prices of beef, bread and other staples (read: 10 foods eating into your budget). Plus, California — the U.S.’s agricultural heartland — won’t get any irrigation water this summer, despite being gripped by a drought. That should end up hitting consumer wallets, too. And even the crisis in Ukraine could end up putting pressure on grain markets…

(Editor’s note: Italics added for emphasis)

Naysayers love to bash Mr. Rogers and his investment predictions, trying to “call the game while it’s still in the early innings” (the same happens to fellow “crash prophets” Marc Faber and Peter Schiff- just look at the CNBC.com comments section underneath an article written about any one of the three). But I remember a British publication analyzing the outcome of his investing calls after he made that gloomy British pound forecast a few years back, and determining that more often than not Rogers is correct.

Chalk another one up for the CEO of Rogers Holdings and Beeland Interests, Inc.? I think it’s a little too early still to give Rogers full credit, but based on his track record I have a feeling he’ll get this agriculture call right too.

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

Source:

Friar, Karen. “Jim Rogers: Want to make money? Drive a tractor.” The Tell. 25 Feb. 2014. (http://blogs.marketwatch.com/thetell/2014/02/25/jim-rogers-want-to-make-money-drive-a-tractor/). 27 Feb. 2014.

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Peter Schiff: ‘The Fundamentals For Gold Have Never Been Better Than They Are Now’

Euro Pacific Capital CEO and Chief Global Strategist Peter Schiff appeared on FOX Business Network’s Markets Now show on January 3. Schiff, who correctly-called the recent U.S. housing bust and global economic crisis, shared the following about gold with viewers:

Well, I’ve been buying gold now for 14 or 15 years. And out of the last 13 years, it’s been down once, which was in 2013. Did I anticipate a 28 percent decline in 2013? No. But the fact that it happened doesn’t change anything. What’s amazing is that you have this big down year, and yet hardly anybody views it as a buying opportunity. They think 2014 is going to be just as bad. Because the fundamentals for gold have never been better than they are now. The fact that so many people can’t see that, just makes me even more bullish.

Rogers reportedly “ultra bullish” on gold long-term. Schiff “even more bullish” on the precious metal than he was before.

When asked if gold’s price could rise in 2014 and by how much, Schiff, who’s also the CEO of Euro Pacific Precious Metals, said:

We had a pretty big down year in 2013. So I would expect a pretty good year upwards in 2014. Is it possible that we could have two down years in a row for gold? It’s possible. You know, but I don’t think it’s probable.


“A Fed Induced Phony Recovery is Bullish For Gold”
YouTube Video

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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Jim Rogers ‘Ultra Bullish’ On Gold Long-Term

While a good amount of “dislike” has been directed at gold lately, it really ramped up to a new level starting December 30. Later that afternoon I noticed the headlines on the financial mainstream media websites emphasizing (extra big and bold in a number of cases) the price of gold getting pummeled in 2013. For example, there was this on the Financial Times (UK) website Friday:

8:58am On Wall Street from MARKETS
Gold bulls lose faith in bullion’s allure
Last year’s losses battered the metal’s reputation as a store of value
• Gold funds lose lustre
• Gold miners braced for reserve cuts
• Little glitter for gold in 2014
• Gold set for biggest drop in 30 years

All that in one section of the site. The above is pretty typical of what I’ve been seeing the last couple of days across the Internet.

And reading all the negative press, I have to wonder if now might not be a good time to acquire gold. Especially as “crash prophets” Marc Faber, Jim Rogers, and Peter Schiff are bullish on the yellow metal in the long run.

According to a recent report in a prominent international, web-based publication focusing on all aspects of the mining sector, Rogers, a well-known investor, author, and financial commentator, is actually “ultra bullish” on gold in the long term. Alex Williams wrote on Mineweb.com on New Year’s Eve:

Rogers prefers gold over gold mining shares and divisible coins over bullion, but says “there’s nothing in precious metals that I’m tempted to buy at the moment.” Indian import tariffs he views as the single biggest drag on the gold market currently…

For early 2014, Rogers is therefore long inflatable equities and neutral on gold, but longer term, he expects to short junk and government bonds and is ultra bullish on gold. “Gold will become one of the only refuges around,” he says. “That’s not this quarter.”

(Editor’s note: Italics added for emphasis)

It’s no secret that the Singapore-based investor sees gold doing well over the long haul. Back on August 5, I noted that Rogers had recently appeared on GoldSeek.com Radio’s The Gold and Silver Review show. Speaking to Chris Waltzek on the August 2 show, Rogers predicted the following for gold:

Eventually, we will make a new low, whether it’s this year, next year, or the year after. And then, of course, the bull market will resume. And we’re off to the races and wonderful new highs will be made. But it may be a few years from now.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

Source:

Williams, Alex. “Bernanke has set the stage for the Fed’s collapse- Jim Rogers.” Mineweb.com. 31 Dec. 2013. (www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=222934&sn=Detail). 3 Jan. 2014.

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Jim Rogers: ‘The Whole World Is Going To Collapse’

“Crash prophet” Jim Rogers appeared on The Lang and O’Leary Exchange, a Canadian business news television series which airs weekdays on CBC Television and CBC News Network, on December 3. The former investing partner of George Soros in the legendary Quantum Fund had a dire warning for viewers. From the discussion between host Amanda Lang and Rogers:

LANG: Are there any kind of big events- macro events- that could change your story for you in terms of where you’re putting your money?
ROGERS: Yeah sure- worldwide collapse. You know, if Spain suddenly goes bankrupt, Italy suddenly goes bankrupt- and they might. And they well might. But it doesn’t look like it’s going to happen anytime soon. But eventually Amanda- of course, the whole world is going to collapse. We in the West have staggering debts. The United States is the largest debtor nation in the history of the world. This is going to end badly. We’re all floating around on a sea of artificial liquidity right now Amanda. This is not going to last. No, no. And when it ends, the bull market in commodities will probably end too. But, the bull market in a lot of stuff will end.
LANG: So that was going to be my next question. A lot of people are now gravitated towards equities partly because there’s nowhere else to go. As we see if we see that correct, do you see some come to commodities or do you see all of it correcting together?
ROGERS: Well, eventually Amanda, when the next big collapse comes- and we’ve had them every four to six years since the beginning of the American republic and the Canadian republic- you’re going to see serious, serious problems. The next correction when it comes- because the debt is so very very high. You know, 2008 was worse than 2002 because the debt was so much higher. You wait until 2015 or 16, Amanda. The debt has gone through the roof. The next one is going to be very bad. Be very careful. Be prepared, be worried, and be careful.


“Commodities Bust”
CBC Video

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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Thursday, December 5th, 2013 Commodities, Crash Prophets, Debt Crisis, Europe, Stocks No Comments

Jim Rogers: Opportunities In Chinese Railroads, Healthcare, Agriculture, And Pollution

“China unwrapped its boldest set of economic and social reforms in nearly three decades on Friday, relaxing its one-child policy and further freeing up markets in order to put the world’s second-largest economy on a more stable footing…

Analysts suggested the plans are the most significant since Deng Xiaoping led a series of reforms in the late 1970s and the early 1980s. Those changes eventually opened up the country to the outside world and set it on course to become the champion economy of emerging markets.”

-Reuters, November 15, 2013

Well-know investor, author, and financial commentator Jim Rogers has been bullish about the People’s Republic of China for some time now. However, in the wake of the above announcement, the author of Bull in China: Investing Profitably in the World’s Greatest Marketicon is even more upbeat about the Asian country’s prospects.

Earlier today, Rogers appeared on CNBC-TV18 and told viewers:

Well, I’m excited by what happened. As the Chinese had an exciting announcement in 1978 and in 1993, they say this announcement is to be as significant and as exciting as what happened previously in those two years. So far what I have seen that’s correct- some sectors of the Chinese economy are going to benefit enormously. And as you all know if you can find a government that is going to spend a lot of money or give a lot of incentives to a sector, you should put your money into that sector too. So the Chinese are clear that they are going to do something about railroads, about healthcare, agriculture, pollution. They have made it pretty clear they are going to do something, so I would suggest that people read what they said and then try to find some stocks in those areas.

You can watch the entire interview of Jim Rogers by CNBC-TV18 on their website here.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

Source:

“Pick China over India; oil likely to fall: Jim Rogers.” CNBC-TV18. 25 Nov. 2013. (http://www.moneycontrol.com/news/fii-view/pick-china-over-india-oil-likely-to-fall-jim-rogers_996551-1.html) 25 Nov. 2013.

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Jim Rogers: ‘Everybody Should Own Some Precious Metals As An Insurance Policy’

The well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Burbank, California-based Birch Gold Group. I was reading a transcript dated November 12 of the discussion he had with Rachel Mills of the precious metals company when I spotted the following comment the Chairman of Rogers Holdings and Beeland Interests made about gold and silver and the important role they can play in protecting wealth. From their exchange:

MILLS: So what advice would you give someone who as of yet has no precious metals in their portfolio right now?

ROGERS: Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Italics added for emphasis)

In all the time I’ve been following Jim Rogers closely (9 years), I don’t recall him ever being so adamant about gold and silver being used for insurance purposes.

A good interview which you can read/listen to here on the Birch Gold Group website.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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Jim Rogers Bullish On Base Metals, Cocoa, Coffee, And Crude Oil

Another “crash prophet” was recently interviewed by The Economic Times (India). Well-known investor, author, and financial commentator Jim Rogers appeared on their business/financial news channel ET Now and talked about a number of financial and investing topics. Rogers, who correctly announced the start of the latest commodities boom in 1999, told viewers:

I own sugar. I bought sugar not long ago… I am optimistic about coffee, cocoa… Coffee is certainly down a lot, and it’s one that one should consider buying.

The former investing partner of George Soros also talked about base metals. Rogers said:

I’d rather buy base metals now than gold, for instance… The base metals are down substantially. There is all this money printing. And some of it is working its way into the economy. Some of that money will go into base metals as a way to protect ourselves against inflation and currency debasement. So, yes- I’d much rather buy base metals that precious metals.

Finally, the Chairman of Rogers Holdings touched on crude oil. Rogers pointed out:

Well, there is a certain excess supply in the crude market at the moment because of the shale boom in the U.S. I’m not sure how much longer that’s going to last because those wells are very short-lived wells and the production declines pretty quickly. But, at the moment we certainly do have a glut, and we could very well see lower prices. But don’t sell your crude, because if prices go lower, first of all it cuts back on the shale, because shale has to have high prices in order to bring it to market. And second, oil is going to go much higher over the decade. Other reserves around the world- known reserves- are in decline. Every other country in the world has declining reserves. So, this is a temporary thing.

You can view the entire interview with Jim Rogers on The Economic Times website here.

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

(Editor’s notes: Info added to “Crash Prophets” page; I am 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 herein.)

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Quote For The Week

“When I was selling my New York house, I almost backed out; I just couldn’t bear the thought of leaving. But now I’m very happy here. I fly to New York and I realize I’m in a Third World airport. Then I get into a Third World taxi onto a Third World highway. The difference now just slaps me in the face. New York is a wonderful place, with the people and the vibrancy, but I can find the same vibrancy, if not more, in Asia.”

-Well-know investor, author, and financial commentator Jim Rogers, talking about his move from New York City to Singapore in 2007 and subsequent return visits to the U.S. in a recent Barron’s interview (discussed here)

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

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Christopher E. Hill, Editor
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