silver prices

Jim Rogers: ‘I Want To Own More Silver But I Want To Own It At A Lower Price Which I Expect’

Tonight I just got finished reading the transcript of a February 9, 2017, interview of well-known investor, author, and financial commentator Jim Rogers by Macro Voices’ Erik Townsend. As usual, the former investing partner of George Soros discussed a number of topics, including:

U.S. Stocks- “Happy days are here” if President Trump carries out those “wonderful things” he said he would (cut taxes, rebuild infrastructure, bring $3 trillion home which U.S. companies have overseas) and avoids trade wars

U.S. Dollar- Despite the correction, “it’s going to go too high, may turn into a bubble, at which point I hope I’m smart enough to sell it because at some point the market forces are going to cause the dollar to come back down because people are going to realize, oh my gosh, this is causing a lot of turmoil, economic problems in the world and it’s damaging the American economy.”

Junk Bonds- “I am shorting junk bonds still”

Precious Metals- “I’m still sitting and watching. I want to own more gold. I want to own more silver but I want to own it at a lower price which I expect.”

“War on Cash”- “Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace.”

The Singapore-based investor mentioned in a separate interview earlier this month regarding India’s demonetization efforts:

If governments do away with cash, it gives them more power and control.

Townsend’s interview was of Rogers was thorough and interesting, particularly that bit about silver. Head on over to the Macro Voices website here to listen to/read their exchange.

By 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:

Wadhwa, Puneet. “Modi is doing everything he can to get votes: Jim Rogers.” Business Standard. 2 Feb. 2017. (http://www.business-standard.com/budget/article/modi-is-doing-everything-he-can-to-get-votes-jim-rogers-117020200389_1.html). 13 Feb. 2017.

Rogers’ latest book…

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Monday, February 13th, 2017 Asia, Bonds, Bubbles, Business, Commodities, Crash Prophets, Currencies, Fiscal Policy, Freedom, Government, Infrastructure, Investing, Precious Metals, Spending, Stocks, Trade, War Comments Off on Jim Rogers: ‘I Want To Own More Silver But I Want To Own It At A Lower Price Which I Expect’

Sustained Effort To ‘Talk Down’ The Dollar Begins?

Gold and silver prices are surging today, no doubt related to statements made by President-elect Donald Trump concerning the strong U.S. dollar. Mark DeCambre reported on MarketWatch this morning:

The buck stops with Donald J. Trump. The president-elect, who has developed an early knack for challenging U.S. corporations via Twitter, reserved his most biting comments for the U.S. dollar, which vaulted 4% higher at its peak in the wake of the real estate billionaire’s Nov. 8 election victory over Hillary Clinton.

In a Friday interview with The Wall Street Journal, Trump said the U.S. currency, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” especially considering the China’s yuan is “dropping like a rock.” “Our companies can’t compete with them now because our currency is too strong. And it’s killing us,” he told WSJ…

(Editor’s note: Bold added for emphasis)

Trump’s comments may just be the opening volley in a sustained effort to “talk down” the greenback. Roger Blitz pointed out over on the Financial Times (UK) website early this morning:

Economists and currency analysts have speculated about the risks a robust US currency, which is trading at a 14-year high against a basket of its peers, poses to the president-elect’s growth strategy, and predicted that the incoming administration in Washington would soon start talking down the dollar.

The first inklings of that tactic emerged in an interview Mr Trump gave to the Wall Street Journal…

That was echoed by Anthony Scaramucci, a senior member of Mr Trump’s economic advisory council, in remarks made on Tuesday at the World Economic Forum in Davos about the US Federal Reserve. “The Fed has to be independent and we have to be careful about the rising currency,” Mr Scaramucci said…

(Editor’s note: Bold added for emphasis)

So, “all systems go” with precious metals then?

Maybe not, as certain “crash prophets” like Jim Rogers and Martin Armstrong believe it’s possible the U.S. currency might get even stronger due to foreign money pouring into the country to escape turmoil elsewhere, creating headwinds for any gold and silver price “lift-off.”

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. 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.)

Sources:

DeCambre, Mark. “Trump sends shiver through stock market with shot across dollar’s bow.” MarketWatch. 17 Jan. 2017. (http://www.marketwatch.com/story/trump-comments-on-too-strong-dollar-send-shivers-through-stock-market-2017-01-17). 17 Jan. 2017.

Blitz, Roger. “Dollar retreats on Trump’s concern over currency’s strength.” Financial Times. 17 Jan. 2017. (https://www.ft.com/content/b921b994-dca3-11e6-9d7c-be108f1c1dce). 17 Jan. 2017.

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Tuesday, January 17th, 2017 Asia, Commodities, Crash Prophets, Currencies, Government, Investing, Monetary Policy, Precious Metals, Trade Comments Off on Sustained Effort To ‘Talk Down’ The Dollar Begins?

Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. Schiff talked about what’s behind the recent take-off in precious metal prices. From last Friday:

What’s really behind the metals rise is not what’s happening in Europe, but I believe what’s going to be happening here in the United States, because I believe the Federal Reserve is going to use the turmoil in the markets that followed that [“Brexit”] vote as the excuse that it’s been waiting for, not only not to raise rates, but to cut rates and to launch QE 4. In fact, that is the main reason, I believe, that the markets have recovered somewhat from their Brexit-related losses. Because if you look at the financial markets, they are now pricing in for the first time a higher probability that the next move by the Federal Reserve will be to cut rates, not to raise them. Now remember, I’ve been saying this the whole time. Ever since the Federal Reserve raised rates in December I was saying the likelihood was that the next move would be a cut and not another increase…

As we continue to get more weak economic data that continues to surprise all the bulls who are expecting strong data, it’s not going to be long before the talk of rate hikes is really replaced first by the talk of rate cuts, and then by actual cuts. And of course since there’s not a lot of room for the Fed to cut rates because it never really raised them, the real monetary stimulus is going to come from an enormous round of quantitative easing

The reason there was such a violent reaction in the financial markets to Brexit wasn’t because Brexit is so terrible, it just shows you how precarious the global financial system is. It’s all perched upon these props of cheap money and central banking. It’s all based on hype and hope and confidence. And when something shakes the confidence, you see the immediate result. The central bankers are going to do everything they can to keep this bubble from deflating. And that means more money printing not only here but around the world. And all the naysayers, all the guys that were saying “Oh, Peter Schiff was wrong,” “The Fed was right,” “Bernanke was right- he was the hero,” “Paul Krugman was right- there is no inflation.” All the people who had these premature victory laps are going to have a lot of egg on their face. But in the meantime, there isn’t a lot of time left for people to buy gold and silver while there are still people foolish enough to sell it

(Editor’s note: Bold added for emphasis)


“Silver Confirms Gold’s Breakout”
YouTube 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. 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.)

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Tuesday, July 5th, 2016 Banking, Commodities, Crash Prophets, Federal Reserve, Inflation, Interest Rates, Investing, Monetary Policy, Money Supply, Precious Metals, Stimulus Comments Off on Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Jim Rogers: Signs Of Next Economic Crisis ‘Already Happening’

The next two days I’ll be focusing on two “crash prophets” who correctly-called the 2008 global economic crisis and who see more carnage on the way. First up is the widely-followed investor, author, and financial commentator Jim Rogers, who appeared on the RT TV show SophieCo earlier today. From his exchange with host Sophie Shevardnadze (RT transcript):

SHEVARDNADZE: You’ve been talking about this impending recession for a while now, ready to strike the U.S., for instance, but, you know, we see American economy picking up, the unemployment rate is going down, so- why does it keep postponing itself?
ROGERS: Wait, wait. First of all, you are listening to government figures. You remember the Soviet Union, the government had a lot of numbers, they were very good. The U.S. now puts out a lot of figures that are not legitimate, accurate figures. Look at unemployment, what do they do? For instance, they just stopped counting many people, said they’re not looking for a job anymore – so the numbers are artificial in the U.S. Yes, some parts of the U.S. economy are doing very well. If you’re on Wall St. or if you’re in finance, you’re doing fine, because the government has been printing a lot of money and a lot of debt has been put out. But you go to Texas, go to the MidWest- they’re not doing well at all. Most of the country is not doing well.
SHEVARDNADZE: Alright, but give me something concrete- when do we have to expect this crisis to hit and what’s going to cause that meltdown?
ROGERS: Sophie, for the last 18 months in the U.S., most stocks have been going down. The average is a fraud, because of the few big companies that make the average go up and that’s because the government, the Fed Reserve, Central Bank is printing a lot of money. Stocks are going down in the U.S., most stock are down. So, the signs are already there. Now, unfortunately, they’re not visible, they don’t make headlines, so it’s already happening. Parts of the country are in recession, stock market, most stocks are going down – it’s already happening

(Editor’s note: Bold added for emphasis)

Back on March 28, I noted Rogers had warned on the Nikkei Asian Review (Japan) website eight days earlier:

I expect the American economy to be in recession sometime in the next year or two…

(Editor’s note: Bold added for emphasis)

And earlier that month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

Shevarnadze did a good job extracting some investment nuggets from the former investing partner of George Soros. Rogers still thinks there will be a better chance to buy gold “sometime in the next year or two,” and added later in the discussion:

If the dollar goes up, gold may go down. But, if it goes down, I hope to buy a lot more gold, because eventually gold is going to go through the roof. As this turmoil increases and people lose more and more confidence in governments, more and more confidence in paper money, they’re going to look for something, and gold and silver will be a couple of those places. If you’re looking for something right now- agriculture

I have sold short the U.S. stocks and I have sold junk bonds, low-grade bonds, in the U.S., I own shares in China, I have shares in Russia, I bought Russian government bonds, several days ago. These are places that I am looking at, I am looking at Kazakhstan as a place to invest, Iran I’m looking at, Nigeria I am looking at

(Editor’s note: Bold added for emphasis)

Kazakhstan and Nigeria are two markets not often mentioned by Rogers. A terrific interview, which you can read in its entirety over on the RT website here.

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.)

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Peter Schiff: 2008 A ‘Tremor,’ ‘Real Earthquake Is Still In Our Future’

The CEO of Euro Pacific Capital, Peter Schiff, appeared on the Alex Jones Show last Friday. Schiff, who correctly-called last decade’s housing crash and recent global economic crisis, talked about the state of the U.S. economy- and how the 2008 crisis was just a “tremor” before the real earthquake. From their exchange:

JONES: So you think that we may already actually be in a recession.
SCHIFF: All of the indicators, if you look at most of the economic indicators that are out there, they’re flashing recession. I mean, the only thing that isn’t is the low unemployment rate and the jobs that we’re creating. But then when you look beneath the surface, and we’ve discussed this before on your program, when you realize that all the jobs that are being created are low-paying, part-time jobs. The reason there are so many jobs is because people now have two or three. And so if you have three jobs that you count as having- it’s three instead of just one. But they don’t add up to one good, full-time job. And you have lots of people who have left the labor force. And I think one of the reasons the unemployment claims are so low is because so few people are being hired, that not that many people are being fired. You can’t lose a job unless you get a job. And so since we’re really creating so few legitimate jobs, there’s not a lot of people that are collecting unemployment. So this economy is very weak, despite the rosy scenario, the fiction, that the President is trying to paint.

And from later on in the program:

JONES: Speaking of earthquakes, you’re famous for quoting, I mean famous for this quote, “2008 was a tremor for the earthquake that’s coming.” Is that what you’re still saying?
SCHIFF: Yeah and I’ve been saying that all along even before 2008. Because I saw 2008 coming, and unfortunately I also saw how the government would respond to 2008. And they did exactly what I feared they would do, what I warned they would do, and that is exactly why the real earthquake is still in our future- it’s not in our past. And people have to prepare for that. And by the way, silver hit a new high today for this year, for 2016. So people are starting to wake up. It’s happening very slowly, but it’s happening.


“Real Economic Earthquake Is In Our Future, Not Our Past”
YouTube Video

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. 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.)

Peter Schiff’s latest book…

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Monday, April 18th, 2016 Commodities, Crash Prophets, Employment, Government, Precious Metals, Preparedness, Propaganda, Recession Comments Off on Peter Schiff: 2008 A ‘Tremor,’ ‘Real Earthquake Is Still In Our Future’

Marc Faber Shares Investment Strategy To Combat The ‘Mad Professors’

Despite being out of the loop for a week due to the flu, I see the “crash prophets” are still running at full-throttle. I just got finished listening to an interview of Swiss-born investment advisor/money manager Marc Faber that was released on the King World News- Broadcast February 20. When asked by Eric King about his thoughts on gold, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report told listeners:

In this environment, you just don’t know how far the mad professors will go. Looking forward, we all don’t know how the world will look like in five years’ time, ten years’ time. I would hold some real estate. I would hold some stocks. I would hold some bonds and cash. And some precious metals. I happen to believe that the precious metals have probably bottomed out, but I cannot send you a guarantee for that. I don’t know, for sure.

“Dr. Doom,” as the financial news media likes to call him, added this prediction for 2016:

I believe the stock markets around the world will end the year lower. But it will depend on how much money the central bankers will print.

On February 18, Lucy Meakin, Ranheetha Pakiam, and Eddie Van Der Walt reported on the Bloomberg website:

“Leave a million dollars with a bank, and in a year, you get only something like $990,000 back,” Marc Faber, the publisher of the Gloom, Boom & Doom Report, said by phone. “I would rather want to own some solid currency, in other words gold.”

Dr. Faber talked more about the yellow metal- and his outlook for the U.S. economy and equities. From the piece:

It’s more tempting to own a non-yielding asset such as gold when returns on other investments are hard to find, according to Faber. He said in December that the U.S. is at the start of a recession and its stocks would fall this year.

Getting back to that King World News show, Faber also directed listeners of explore a particular type of stock (13:15) and area of real estate (18:58) to counter the “mad professors.” A good interview, which you can listen to in its entirety here on the King World News website.

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:

Meakin, Lucy, Pakiam, Ranjeetha, Van Der Walt, Eddie. “Gold Bulls Feast as More Central Banks Drive Rates Below Zero.” Bloomberg. 18 Feb. 2016. (http://www.bloomberg.com/news/articles/2016-02-19/gold-bulls-feast-as-more-central-banks-drive-rates-below-zero). 22 Feb. 2016.

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Peter Schiff: ‘Silver Might Even Be A Better Buy Than Gold’

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. From earlier today:

As long as we have the strength of the dollar, we can continue to borrow money to pay for imports. We can continue to go deeper and deeper into debt. But the minute the illusion runs crashing into reality, and people recognize the situation that we’re in. That we didn’t have a legitimate recovery. That we just had a bubble. And rather than higher interest rates and a real recovery, we’re back in recession. And the Fed is going to try its hardest to blow more air into this bubble. It is not going to work. And this collapse in the dollar today is just the beginning. The dollar has a long way to fall. Not only does it have to reverse all its ill-gotten gains, but it has a long way to go beyond that. Because the problems for the dollar, the fundamentals for the dollar, have gotten worse the entire time the dollar was rallying. And it’s this phony rally in the dollar, it’s this false belief in a higher dollar and higher interest rates, that have wreaked havoc with the emerging markets, with emerging market currencies, with commodities. And all of these markets are going to be able to breathe a huge sigh of relief as the Fed backs away from these rate hikes and the dollar begins to tank. But probably the biggest beneficiary of the Fed’s new easing, this new easing cycle that I think is about to begin, is going to be gold. Gold has fallen for the last few years based on this false belief that everything is great, and we’re going to have a return to normalcy, and the Fed is going to shrink its balance sheet. Nothing could be further from the truth. The balance sheet is about to blow up. We’re going to go up to $10 trillion. The national debt just surpassed $19 trillion officially. It’s going to be $20 trillion by the time Barack Obama leaves office- maybe more. He’s doubled the national debt. The next president will have to double it again in order to keep this house of cards from collapsing. I think it’s impossible to finance- that type of growth in debt. But that’s what this bubble economy needs. Because all of our GDP grows based on debt. It’s not real economic growth. It’s just consumption that’s borrowed. And you need to borrow more and more money to get less and less GDP growth. And we’ve run to the point where we can’t do it anymore. The world is not going to continue to give us a pass. And so gold prices, I think, are going to take off. I think the correction from this long-term bull market is over. And I think gold is going to make new highs. And of course if gold is going to make new highs, so is silver. And so silver might even be a better buy than gold because silver corrected a lot more during the correction. And so it has a lot more lost ground to make up for.


“Fed Blinks: Tightening Financial Conditions Will Derail Rate Hike Expectations”
YouTube Video

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.)

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Wednesday, February 3rd, 2016 Bubbles, Commodities, Crash Prophets, Currencies, Debt Crisis, Emerging Markets, Federal Reserve, GDP, Interest Rates, Monetary Policy, Precious Metals, Recession, Recovery, Stimulus Comments Off on Peter Schiff: ‘Silver Might Even Be A Better Buy Than Gold’

Gold ‘One Of The Best Assets To Own In 2016’?

Gold is making headlines again as interest in the yellow metal picks up due to the recent carnage on Wall Street and other financial concerns. It’s been some time since I’ve checked-up on precious metals, and here are excerpts from two insightful articles I read Wednesday afternoon. Mark Decambre reported on the MarketWatch website today:

Who would have guessed that gold would be one of the best assets to own in 2016? So far, that has been the case- while the U.S. stock market has rung up its worst start to a year and a miasma of economic gloom continues to roll across much of the world.

Gold is on a hot streak, after shrugging off the Federal Reserve’s interest-rate increase back in December that should have spelled doom for prices. Instead, it’s on track to gain 5.4% so far in 2016, FactSet data show. True, it’s still early in the year, but if gold were to just tread water for the next 11 months, it would mark the best annual gain in four years.

By comparison, the S&P 500 is down 6.4%, the Dow Jones Industrial Average has slumped 7% and the Nasdaq Composite has skidded a hefty 9%…

(Editor’s note: Bold added for emphasis)

Decambre added that silver is up 5 percent, platinum is down 1 percent, and palladium is also down 11 percent so far in 2016.

Down the stretch, Thomson Reuters GFMS analysts predict gold could end up having a good year. Jan Harvey reported Tuesday on the Reuters website:

Gold demand fell 2 percent last year, GFMS analysts at Thomson Reuters said on Tuesday, but is set to recover in 2016 as U.S. rate hikes arrive more slowly than expected, while concerns over economic growth and yuan weakness stimulate Chinese buying.

In 2016 GFMS sees gold prices, currently near $1,100 an ounce, recovering to above $1,200 an ounce by year-end, and averaging $1,164 an ounce in the full year. Gold demand is expected to grow by 5 percent this year, it said…

Mine supply is set to keep falling after posting its largest quarterly decline since 2008 in the last quarter, while lower prices are expected to stimulate retail demand, and central bank buying will remain supportive…

(Editor’s note: Bold added for emphasis)

Speaking of “mine supply,” I’m hearing more talk of “peak gold” these days, which is something I’ll have to look into.

Good news for gold these days. Which means mainstream (financial) media outlets will start beating up the yellow metal again shortly.

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. 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.)

Sources:

Decambre, Mark. “Gold has been one of Wall Street’s best bets early in 2016.” MarketWatch. 27 Jan. 2016. (http://www.marketwatch.com/story/gold-bugs-have-been-crushing-it-in-2016-relative-to-stock-markets-2016-01-27). 27 Jan. 2016.

Harvey, Jan. “Gold eyes 2016 rebound on slower rate hikes, Chinese demand – GFMS.” Reuters. 26 Jan. 2017. (http://www.reuters.com/article/us-gfms-gold-idUSKCN0V411O). 27 Jan. 2017.

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Wednesday, January 27th, 2016 Asia, Banking, Commodities, Currencies, Interest Rates, Investing, Mainstream Media, Precious Metals, Stocks, Wall Street Comments Off on Gold ‘One Of The Best Assets To Own In 2016’?

Jim Rogers: ‘There Will Be A Lot Of Turmoil In The Financial Markets Next Year’

Zunaira Saieed of The Star (Malaysia) recently interviewed well-known investor, author, and financial commentator Jim Rogers. The former investing partner of George Soros was asked about the impact of economic/financial turmoil on countries belonging to the Association of Southeast Asian Nations (ASEAN), and the exchange included the following. From the paper’s website last Saturday:

Q: What is the outlook of the financial markets next year?

A: The troubles in the financial markets have started. There will be a lot of turmoil in the financial markets next year, eventually leading to some sort of crisis, perhaps even a full blown crisis.

Some emerging-market currencies are already having problems this year, and this is spreading to bigger things since this is the first time in history that all the major central banks are printing huge amounts of money.

My main concern is that the US Federal Reserve doesn’t know what it’s doing. It does not know what it is going to do next as interest rates are going to go higher so it has to start withdrawing huge artificial oceans of liquidity. When that takes place, 2016 and 2017 are not going to be fun years because these guys have made mistakes and they have to correct it…

The Singapore-based investor did offer up some potential investment opportunities to readers. From the piece:

What sectors should investors look to in light of the US rate hike and China’s slower growth?

You should invest in only what you know about. However, I have put some of my money in places that are depressed like Japan, Russia and agricultural commodities. I do own some real assets like silver and gold. However, I have not bought silver and gold for a while, but if prices fall further, I will buy more gold, and again the best is to stay with what you know.

Asean has lots of agricultural produce, so this might be a relatively less dangerous place to be. While agricultural prices are depressed and we may see more problems, we’re not going to see disastrous problems. Stocks in the New York Stock Exchange can fall by 60% to 70% when things get bad but I don’t see sugar or rice prices falling by that amount. Agricultural prices have fallen and may start to turn around.

Avoid technology stocks, especially the mainly US-listed social media and biotechnology stocks as their valuations are extremely high. Salaries of employees are also very high. Even if there’s no tech bubble, the share prices certainly look expensive.

I will not be putting my money there.

Nicely done by Saieed to extract that last bit about technology stocks from Rogers. I, for one, don’t recall him talking about it recently.

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:

Saieed, Zunaira. “Gearing up for the turmoil.” The Star. 19 Sep. 2015. (http://www.thestar.com.my/Business/Business-News/2015/09/19/Gearing-up-for-the-turmoil/?style=biz). 22 Sep. 2015.

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Tuesday, September 22nd, 2015 Agriculture, Asia, Commodities, Crash Prophets, Currencies, Emerging Markets, Federal Reserve, Interest Rates, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks, Technology Comments Off on Jim Rogers: ‘There Will Be A Lot Of Turmoil In The Financial Markets Next Year’

Mike Maloney On Latest Gold, Silver Action

Back on January 20, I blogged about a discussion on YouTube.com between “crash prophets” Peter Schiff and Mike Maloney concerning the state of the U.S. economy/larger financial system and where gold fits into the equation. Well, Maloney- a precious metals expert, advisor, and author who runs GoldSilver.com- is back on YouTube with a new video about his thoughts on what’s going on with silver and gold right now, and what’s to come for these precious metals. In the July 21 upload, Maloney said:

What we’re going through right now – this huge pullback that we’ve been going through for the past few years- is something that I’ve been predicting and waiting for because- and I knew that the pullback of 2008 was not the capitulation pullback. There was a panic, people were trying to get into it, into gold and silver, badly. And this time around, there has been some capitulation. We are seeing some people selling. And it’s a shame. I think they’re going to be selling it at lows. I do expect that gold will bottom in here sometime soon. It will probably break 1,000 and go lower. I encourage you to read that Clive Maund article. But remember, that is the spot price. As shortages develop, the physical will diverge from spot. So if you’re going to buy futures contracts and stuff, go ahead and wait for that bottom. But if you wait for that bottom to buy physical, you may end up paying a whole lot more, not less. But there will also be, when that bottoms, some tremendous values in mining stocks available.


“Silver & Gold Price: The Breakdown with Mike Maloney”
YouTube Video

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

(Editor’s note: 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, July 28th, 2015 Commodities, Crash Prophets, Investing, Precious Metals, Stocks Comments Off on Mike Maloney On Latest Gold, Silver Action
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