Russian rubles

Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Regular readers of Survival And Prosperity know that well-known investor, author, and financial commentator Jim Rogers is bullish on Asia (China in particular) and Russia. As recent as April 6, I blogged about a GoldSeek.com Radio interview (released April 1) in which the former investing partner of George Soros said:

I own Chinese renminbi. I own Chinese shares… I bought recently some Russian government short-term bonds in rubles.

He added later:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

That last sentence is indicative of a lot of what Rogers has been sharing with the investing public lately.

Still, it’s being reported that the CEO of Rogers Holdings and Beeland Interests, Inc. is actively looking for places to put his substantial “war chest” ($300 million estimated net worth) to work. Katya Golubkova wrote on the Reuters website last Tuesday:

Veteran U.S. investor Jim Rogers is looking at possible investments into Russian oil firm Bashneft (BANE.MM) and diamond miner Alrosa (ALRS.MM) as he aims to add more Russian assets to his portfolio, he told Reuters…

“If they (Bashneft and Alrosa) are not under sanctions, I will take a look – as I said, I am looking for more investments in Asia and in Russia but I am an American and I have to be a little bit careful.”

(Editor’s note: Bold added for emphasis)

Golubkova added:

He already has interests in Russian state airline Aeroflot (AFLT.MM), the Moscow Exchange (MOEX.MM) and fertilizer producer PhosAgro (PHOR.MM). He owns some exchange traded funds (ETFs) and is investing in Russian treasury bonds.

“I am looking for more investments in Russia. I am trying to buy into a Russian tourist company, I am optimistic about Russian tourism,” Rogers said, adding that he was also looking to buy more stocks of Russian agriculture companies

(Editor’s note: Bold added for emphasis)

A little over a year ago, I discussed an April 6, 2015, Reuters piece in which Yelena Orekhova and Olga Popova wrote:

Russia could now be “the right place at the right time” for investors, he said. His own portfolio consists largely of Russian shares, he said, among them fertiliser company Phosagro , airline Aeroflot and the Moscow Exchange…

About those “Russian government short-term bonds in rubles” mentioned a week-and-a-half ago, Rogers expounded in the April 12, 2016, Reuters article:

“If I got a chance I would probably buy more,” Rogers said, adding that he was only investing in Russian rouble bonds, not Eurobonds.

“I want to buy rouble bonds, I am more optimistic about rouble bonds than I am in Eurobonds. Rouble bonds have much higher yields.”

(Editor’s note: Bold added for emphasis)

Nice work by Reuters for staying on top of Rogers’ (potential) Russian investments.

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

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

Source:

Goubkova, Katya. “Veteran U.S. investor Rogers looks to add more Russia to portfolio.” Reuters. 12 Apr. 2016. (http://www.reuters.com/article/us-russia-rogers-idUSKCN0X90SC). 17 Apr. 2016.

Jim Rogers’ latest book…

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Monday, April 18th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Emerging Markets, Energy, Europe, Exchange-Traded Funds, Gemstones, Investing, Natural Resources, Stocks, Tourism Comments Off on Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Jim Rogers Predicts Crude Oil, Russian Ruble Comeback But Warns On U.S. Dollar

On Tuesday, The Economic Times (India) released an interview of well-known investor, author, and financial commentator Jim Rogers on its website. Discussing weakness in the crude oil market in light of the recent nuclear “deal” with Iran, the former investing partner of George Soros said:

Not here to stay, but certainly when you have a big collapse in anything, it hits a bottom, then there is a big rebound. We call it in America a dead-cat bounce. Then you have a test, a second test to the low.

This is going to lead to the second test to the low. There is always a reason for the second test and now we are having it, but is oil going to stay down forever? No. Remember that known reserves around the world are in decline, except for fracking. This is good news for people who consume, bad news for people who produce. But it is not the end of the story…

(Editor’s note: Bold added for emphasis)

Rogers thinks the Russian ruble, a currency he’s been bullish about for some time now, will benefit from a crude oil comeback. Sputnik, the international news service owned and operated by the Russian government, referenced a recent interview of the Singapore-based investor on Gazeta.ru. From the news outlet Tuesday:

Concerning the current rouble situation Rogers said, “Russia has low debt, unlike Greece, as well as convertible currency, which is quite unique for the new markets. So fundamentally its position can be called normal. It is being pressured by lower oil prices, but as soon as the black gold finds the stable point the situation will improve for the rouble.”

(Editor’s note: Bold added for emphasis)

Sputnik added:

He also mentioned the dollar saying that the US currency is in a terrible situation as the US national debt and trade deficit are huge.

“If we simply write out on paper the facts that lie behind the ruble and the dollar, without naming the currency, then everyone will want to buy rubles and no one will buy dollars. But as soon as you name them then, of course, people buy dollars.”

He added that he hopes he will be smart enough to get rid of dollars before the collapse happens. “Everything seems perfect, until one day it ceases to be so. It was the same with Britain, France, Spain and Greece. Often stocks manage to go up for a few years before hitting bankruptcy.”

(Editor’s note: Bold added for emphasis)

Last I heard, Rogers still owned greenbacks. I blogged back on November 11, 2014:

Despite the above warning, Rogers shared with Reuters back on October 23 that he still owned the U.S. dollar. He explained:

I have no confidence in the long-term strength of the U.S. dollar. I only own it because I expect all this turmoil to happen. And in times of turmoil, people flee to the safe-haven of the U.S. dollar. It’s not a safe-haven, but they think it’s a safe-haven, so people will own it. That’s why I own it.

Now what I expect to happen is, the dollar will go up stronger and stronger over the next year or two, at which point- some point- I’ll have to sell it. I have no idea what I’ll do with my money then because the world has got this terrible, terrible unsound foundation in all assets.

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:

“Crude prices may sink on more Iran oil, but will rebound as known reserves are declining: Jim Rogers.” The Economic Times. 14 July 2015. (http://economictimes.indiatimes.com/opinion/interviews/crude-prices-may-sink-on-more-iran-oil-but-will-rebound-as-known-reserves-are-declining-jim-rogers/articleshow/48066869.cms). 17 July 2015.

“US ‘Shot Itself in the Foot’ by Pushing Russia Toward China – Jim Rogers” Sputnik. 14 July 2015. (http://sputniknews.com/business/20150714/1024625814.html). 17 July 2015.

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Friday, July 17th, 2015 Bankruptcy, Commodities, Crash Prophets, Currencies, Debt Crisis, Deficits, Energy, Europe, Investing Comments Off on Jim Rogers Predicts Crude Oil, Russian Ruble Comeback But Warns On U.S. Dollar

Jim Rogers Names ‘Top Three Best Currencies To Hold In Your Asset Portfolio’

Well-known investor, author, and financial commentator Jim Rogers was recently interviewed by Geoff Rutherford for Sprott Money News. Rogers talked about a number of financial/investment topics, including currencies. From their exchange recorded March 12, 2015:

RUTHERFORD: Right. Now kind of, I guess, tying in with this as well. The next question is, what are the top three best currencies to hold in your asset portfolio? And likewise, this must be from one of our Canadian listeners, where does Canada fit into the above question?
ROGERS: Well, I’ll tell you, my top three at the moment- my top three at the moment are the U.S. dollar, the Chinese renminbi, and the Hong Kong dollar. Those are the ones I own the most. Hong Kong dollar of course is tied to the U.S. dollar at the moment. The Canadian dollar- I own some Canadian dollars. Canada has been a sounder country than the U.S. for the past 30 years say. No, not 30 years, past 20 years that Canada’s been run more on a sounder basis than the U.S. So I still own some Canadian dollars. They’re certainly down in the last two or three years against the U.S. dollar for a variety of reasons, but I still own Canadian dollars.

(Editor’s note: Bold added for emphasis)


“Ask The Expert – Jim Rogers (March 2015) | Sprott Money News”
(Currency discussion starts @ 7:29)
YouTube Video

The last time I blogged about Rogers and currencies, I noted back on November 11, 2014, he had just bought Russian rubles.

The former investing partner of George Soros also talked about gold, the taxation of U.S. bullion coins, China, Russia, the U.S. dollar as the world’s reserve currency, the safest countries to keeps money and assets, and Canada in this installment of “Ask The Expert”.

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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Wednesday, March 25th, 2015 Asia, Crash Prophets, Currencies, Investing, North America Comments Off on Jim Rogers Names ‘Top Three Best Currencies To Hold In Your Asset Portfolio’

Jim Rogers: ‘World Is Starting To Realize It Must Move Away From The U.S. Dollar’

Well-known investor, financial commentator, and author Jim Rogers appeared on global news network RT (Russia Today) yesterday where he spoke with anchor Kevin Owen about the state of the U.S. dollar. Rogers warned:

The dollar is a seriously-flawed currency. And people need something else to use. And whether it’s the ruble or the renminbi or what- I don’t know- I suspect it will be the renminbi, but the world is starting to realize it must move away from the U.S. dollar.

Owen asked the former investing partner of George Soros if we are any closer to a time when the dollar won’t be used as a reserve currency. To which Rogers replied:

Not this year. Not next year. But certainly by the end of this decade you’re going to see many people use other things. Kevin, people have already started. 15 years ago, the U.S. dollar was 70 percent of people’s reserve currencies. Now it’s down to 62 percent. People are already moving away. Slowly, but they are moving.

The Singapore-based investor who predicted the commodities boom that began in 1999 also confided with viewers:

I bought rubles on Friday.


“Jim Rogers: By the end of this decade US dollar will lose world dominance”
YouTube Video

Despite the above warning, Rogers shared with Reuters back on October 23 that he still owned the U.S. dollar. He explained:

I have no confidence in the long-term strength of the U.S. dollar. I only own it because I expect all this turmoil to happen. And in times of turmoil, people flee to the safe-haven of the U.S. dollar. It’s not a safe-haven, but they think it’s a safe-haven, so people will own it. That’s why I own it.

Now what I expect to happen is, the dollar will go up stronger and stronger over the next year or two, at which point- some point- I’ll have to sell it. I have no idea what I’ll do with my money then because the world has got this terrible, terrible unsound foundation in all assets.


“Why Jim Rogers owns dollars printed by ‘crazy’ Fed bankers”
Reuters 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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Tuesday, November 11th, 2014 Asia, Crash Prophets, Currencies, Europe, Investing Comments Off on Jim Rogers: ‘World Is Starting To Realize It Must Move Away From The U.S. Dollar’

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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Wednesday, May 14th, 2014 Asia, Crash Prophets, Currencies, Debt Crisis, Europe, Government, Investing, Stocks Comments Off on What Jim Rogers Is Buying In China, Russia These Days

Russia To Attack Petrodollar?

Here’s another story that’s not getting much attention this week:

Russia threatening to replace U.S. dollar-denominated transactions for their exports

Gleb Stolyarov reported on Reuters.com this morning:

Russia, keen to dodge threatened Western sanctions on its companies over the Ukraine crisis, said on Wednesday it was looking at ways for major state-owned exporters such as energy giants to be paid in roubles.

The idea of major exporters being paid in roubles rather than dollars has been gaining ground in recent weeks in response to sanctions imposed by the West on officials and companies over Russia’s annexation of Crimea and an uprising in Ukraine’s east.

“There are certain risks, but we are preparing a mechanism, we are working on it,” Finance Minister Anton Siluanov told reporters during a visit to Russia’s Baltic enclave of Kaliningrad…

(Editor’s note: Bold added for emphasis)

So exports would be paid for in rubles rather than dollars. So what?

Michael Snyder of The Economic Collapse blog highlighted what could be at stake. Snyder wrote yesterday:

This would essentially be like slamming an economic fist into our nose.

You see, Russia is not just a small player when it comes to trading oil and natural gas. The truth is that Russia is the largest exporter of natural gas and the second largest exporter of oil in the world.

If Russia starts asking for payment in currencies other than the U.S. dollar, that will essentially end the monopoly of the petrodollar

(Editor’s note: Bold added for emphasis)

Snyder continued:

So why is the petrodollar so important?

Well, it creates a tremendous amount of demand for the U.S. dollar all over the globe. Since everyone has needed it to trade with one another, that has created an endless global appetite for the currency. That has kept the value of the dollar artificially high, and it has enabled us to import trillions of dollars of super cheap products from other countries. If other nations stopped using the dollar to trade with one another, the value of the dollar would plummet dramatically and we would have to pay much, much more for the trinkets that we buy at the dollar store and Wal-Mart.

In addition, since the U.S. dollar is essentially the de facto global currency, this has also increased demand for our debt. Major exporting nations such as China and Saudi Arabia end up with giant piles of our dollars. Instead of just letting them sit there and do nothing, those nations often reinvest their dollars into securities that can rapidly be changed back into dollars if needed. One of the most popular ways to do this has been to invest those dollars in U.S. Treasuries. This has driven down interest rates on U.S. debt over the years and has enabled the U.S. government to borrow trillions upon trillions of dollars for next to nothing…

So if Russia really does pull the trigger on a “de-dollarization” strategy, that would be huge – especially if the rest of the planet started following their lead…

So would the rest of the planet follow Russia’s lead? Consider the following from the website for The Voice of Russia, the Russian government’s international radio broadcasting service. Valentin Mândrăşescu reported yesterday:

Of course, the success of Moscow’s campaign to switch its trading to rubles or other regional currencies will depend on the willingness of its trading partners to get rid of the dollar. Sources cited by Politonline.ru mentioned two countries who would be willing to support Russia: Iran and China. Given that Vladimir Putin will visit Beijing on May 20, it can be speculated that the gas and oil contracts that are going to be signed between Russia and China will be denominated in rubles and yuan, not dollars

(Editor’s note: Bold added for emphasis)

Stay tuned. This could get ugly.

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

Sources:

Stolyarov, Gleb. “UPDATE 2-Russia, wary of sanctions, wants exporters to be paid in roubles.” Reuters.com. 14 May 2014. (http://www.reuters.com/article/2014/05/14/russia-exports-rouble-idUSL6N0O01RI20140514). 14 May 2014.

Snyder, Michael. “De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar.” The Economic Collapse. 13 May 2014. (http://theeconomiccollapseblog.com/archives/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar). 14 May 2014.

Mândrăşescu, Valentin. “Russia strives to exclude the dollar from energy trading.” 13 May 2014. (http://voiceofrussia.com/2014_05_13/Russia-strives-to-exclude-the-dollar-from-energy-trading-5138/). 14 May 2014.

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Wednesday, May 14th, 2014 Asia, Bonds, Borrowing, Commodities, Currencies, Energy, Europe, Government, Interest Rates, Middle East Comments Off on Russia To Attack Petrodollar?

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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Tuesday, April 1st, 2014 Asia, Bonds, Business, Commodities, Crash Prophets, Currencies, Energy, Europe, Exchange-Traded Funds, Investing, Natural Resources, Stocks Comments Off on Jim Rogers: ‘This Is The Time To Buy Russia’

Jim Rogers Predicts U.S. Dollar Calamity By ‘End Of Decade’

Well-known investor Jim Rogers was interviewed by Lansing, Michigan radio station 1320 WILS AM on August 1. The former investing partner of George Soros talked about a number of money-related topics, including his currency holdings and what he thinks the prospects are for the U.S. dollar. From the interview:

While I have very little confidence in the future of the U.S. dollar, I actually own it at the moment, just because I expect more currency turmoil coming in the next couple of years. We’re going to have a lot more problems in financial markets. And, rightly or wrongly, when people see turmoil and chaos, they rush to the U.S. dollar as a safe haven. Well, it’s not a safe haven, but I have more money in the U.S. dollar than I’ve had in a long time because I’m worried about other currencies. I own a few Russian rubles because I own some investments in Russia, but I don’t own them by themselves. I do own the Chinese currency. I’m optimistic about the Chinese currency longer-term.

The CEO of Rogers Holdings and Beeland Interests noted that for the first time in recorded history, all major governments and central banks are printing huge amounts of money, purposely debasing fiat currency and creating what he sees is a “big problem for all of us.”

Rogers added this warning about the greenback later in the exchange:

I would suspect that by the end of this decade- if not before or maybe shortly after- people are just going to stop- international creditors- are just going to stop accepting U.S. dollars and stop lending us money. I would.

America is the largest debtor nation in the history of the world. And it’s getting worse every month, every year. And eventually, people just say, “Enough is enough.” At least, that’s what happened throughout history. Eventually people have always just said, “We’re not going to lend you any more money.”

An insightful interview, which can be accessed via NumisMaster.com 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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Monday, August 12th, 2013 Asia, Crash Prophets, Currencies, Debt Crisis, Europe, Investing, Monetary Policy, Money Supply Comments Off on Jim Rogers Predicts U.S. Dollar Calamity By ‘End Of Decade’

Jim Rogers: ‘Short Long-Term United States Government Bonds Right Now’

Thursday afternoon, investor, commentator, and author Jim Rogers sat down with CNBC’s Maria Bartiromo at the New York Stock Exchange. Predictably, the discussion focused on his thoughts about the U.S. economy and larger financial system- and where he thinks there are opportunities to make money. Rogers warned viewers:

It’s all artificial what’s going on right now. The Federal Reserve is printing money as fast as they can. But the Bank of Japan said “We’re going to print unlimited money.” And so you know what the Federal Reserve said? “We’ll match you, we’ll print money too!” I mean, this is insaneYou think this is a sound economy?

(Editor’s note: Italics added for emphasis)

The Singapore-based investor, who “retired” at age 37 and proceeded to ride a motorcycle around the world- and then write about it- went on to share the following investment-related nuggets on Closing Bell:

• Rogers is shorting government bonds. Not only did he say “Short long-tern United States government bonds right now,” but he also revealed this was his main U.S. investment.
• Owns Japanese stocks
• Investing in Russia- “I’m buying the bonds, the currency, and stocks.”
• Short Apple
• Short JPMorgan calls- “I’ve been short JPMorgan calls. They all expire worthless. I’m still short a few, and they’re not expiring worthless. I may lose money on that.”
• Sees Russia as the single best investment opportunity right now.
• Or North Korea- “The only way to invest is to buy the stamps or the coins. And your viewers are not going to go out and buy North Korean gold and silver coins. But that’s a fabulous, fabulous opportunity.”
• Wouldn’t buy gold at these levels- unless they were North Korean gold coins.


“Jim Rogers: I’m Short US Government Bonds And Investing In Russia – CNBC 2/8/2013”
YouTube Video

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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Saturday, February 9th, 2013 Asia, Banking, Bonds, Crash Prophets, Currencies, Europe, Federal Reserve, Government, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Jim Rogers: ‘Short Long-Term United States Government Bonds Right Now’

Jim Rogers Warns ‘Horrible Headache’ Coming For U.S. Between End Of 2013 And 2015

Investor, financial commentator, and author Jim Rogers recently appeared on the Yahoo! Finance show The Daily Ticker. Lauren Lyster interviewed the former investing partner of George Soros, who talked about a number of money-related topics in video released this morning. This included:

• Noting that gold and silver coins are “hot,” but he wouldn’t rush into them right now- “Don’t sell your gold and don’t sell your silver.”
• Predicting turmoil in currencies- “There is not a sound currency anymore.”
• Reiterating his belief in agriculture as a good investment- “I would rather own agriculture than anything.”
• Revealing he was interested in Russian rubles, Chinese renminbi
• Thinking about buying Japanese yen again
• Investing his family’s “human capital” in Asia
• Comparing America’s future to the decline of the U.K.
• Comparing China to America in the early 20th century
• Predicting China will have its share of setbacks like the U.S. did in the 19th century
• Declaring U.S. higher education a bubble
• Revealing he was “optimistic” on Russia and had invested there. Talked about how to do it.
• Revealing he had invested in North Korea. Talked about how he did that as well.
• Claiming U.S. stocks are going up because of money printing by central banks- “I mean, this is staggering what’s going on. It’s going to end so badly for all of us. We’re all going to wake up one day with a horrible headache. Probably 2014, 2015. Or the end of 2013.

Awesome exchange between Lyster and Rogers, which you can watch on the Yahoo! Finance site here and 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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Tuesday, February 5th, 2013 Agriculture, Asia, Banking, Bubbles, Commodities, Crash Prophets, Currencies, Education, Emerging Markets, Europe, Federal Reserve, Hegemony, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Jim Rogers Warns ‘Horrible Headache’ Coming For U.S. Between End Of 2013 And 2015
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This project dedicated to St. Jude
Patron Saint of Desperate Situations



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RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has just been updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Smart Secured Storage) -Liechtenstein (Liemeta AG, Triesen) -United Kingdom […]
  • Related Reading: The Telegraph Looks At Latest Security Technology In Bank, Private Vaults
    I’m back after several days spent on matters related to the research business (focus: specialized asset protection) I’m in the process of rolling out. Despite the “spring break,” I compiled a good deal of material to blog about in the near future. Getting back into the saddle then… “How to rob a bank” This headline […]
  • Next Degussa Numis Day To Take Place March 30, 31
    Rare numismatic coins often find their way into safe deposit boxes. And Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich […]
  • Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings
    Here’s an annual survey one might consider when selecting an offshore safe deposit box location. U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website: Switzerland is viewed as the No. 1 overall country, according to a survey of more than […]
  • Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine
    Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend: When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be […]