silver

Jim Rogers: ‘We’re Certainly Going To Have Worse Times Than We’ve Had In Our Lifetime’

Let’s talk finance and investing for the remainder of the day. Well-known investor, author, and financial commentator Jim Rogers recently made an appearance on GoldSeek.com Radio, and in the April 1, 2016, broadcast, the former investing partner of George Soros talked about several topics including a coming U.S. financial crash, where he’s putting his money these days, and the prospect of another buying opportunity with gold. On a coming crash, from the exchange with host Chris Waltzek:

WALTZEK: You know you’ve mentioned that this could be the “last rally.” I put that in quotes and we’re seeing again signs of that. But these price-to-earnings ratios, the CAPE ratios, some of our individual stocks 300, 500-priced-to- earnings. I mean, they’re priced to perfection for eternity. Could this lead to maybe a 1929-style scenario, or are we in worse or more dangerous water?
ROGERS: Chris, we’re certainly going to have worse times than we’ve had in our lifetimes. How bad it is? I expect it to be, well to repeat, worse than anything we’ve had in our lifetime, because the debt is like nothing it’s ever been in recorded history. America is now the largest debtor nation in the history of the world. Higher and higher. But so does everybody else’s debt. So the next time around- yes, it’s going to be very, very disastrous. The only hope Chris is that somehow the world survives the next time around. Well we won’t survive the one after that, I assure you, because the debt will be so much higher, money printing will be so much worse. We’re going to live in very interesting times, which as you know, a Chinese curse to live in interesting times.

Regarding where the Singapore-based investor is putting his money:

WALTZEK: So give us an idea then where those funds of yours are headed and where you feel safe right now.
ROGERS: I own a lot of U.S. dollars, not because it’s going to be a horrible currency in the end, but with the bad times coming many people will put their money in what they consider safe assets or safe havens, and many people think the U.S. dollar is a safe haven. Compared to the rest of the world- yeah, it is a safe haven compared to the yen or the euro or other currencies. So I own U.S. dollars. I own Chinese renminbi. I own Chinese shares. I’m short in the U.S. I’m long agriculture. I bought recently some Russian government short-term bonds in rubles. I own some gold and silver which I have for years- I haven’t bought any recently. Some stocks that I’ve owned for twenty or thirty years- I don’t see any reason to sell them since I bought them so long ago. That’s basically, off the top of my head, where my investments are.

On the prospect of another buying opportunity in gold, Rogers said:

I’m not rushing in to buy. I still expect a better opportunity to buy gold sometime in the next two or three years. If that happens, I hope I’m smart enough to buy more. If it doesn’t happen, I own some gold, so I’ll make money. But I’m still waiting for my… another opportunity.

The CEO of Rogers Holdings and Beeland Interests, Inc. shared with listeners:

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.

“Be knowledgeable, be worried, and be prepared.” Wise words to digest.


“GSR interviews JIM ROGERS – March 31, 2016 Nugget”
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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Rich Dad Author Robert Kiyosaki: 2016 Market Meltdown ‘Right On Schedule’

The last time I blogged about Robert Kiyosaki, the American entrepreneur, educator, investor, and author of The New York Times best-selling book Rich Dad Poor Dad talked about precious metals in a January 27, 2016, GoldSeek.com Radio interview. From his exchange with host Chris Waltzek:

WALTZEK: People taking a longer-term perspective, picking up some precious metals. You get that diversification. You can sleep a little more soundly at night. And you also know that you’re getting silver at 66 percent off, gold 40-45 percent off the highs. So where’s the risk there?
KIYOSAKI: The risk is not having it. And that’s why I’m laughing about Saturday Night Live and I can’t tell Fox from Saturday Night Live because those guys are a bunch of cartoons up there now. And those are the guys you’re going to count on for your economy? Give me a break. I mean, right now I trust in gold and I trust in silver. I don’t trust the stock market. I don’t trust the Fed. I don’t trust our leaders. I don’t trust the EU to not come apart. You have Puerto Rico in serious trouble. I mean how many other things have you got out there? And you look at the national debt- it’s now $20 trillion. If you want to believe Saturday Night Live characters then you just keep believing. But I’d rather have gold and silver.

The author of the recently-released Second Chance: for Your Money, Your Life and Our World also informed listeners he got out of stocks “fully” last March.

Last week, I spotted a piece about Kiyosaki on MarketWatch.com. Barbara Kollmeyer reported on March 23:

Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement.

Broader U.S. stock markets are recovering from the worst 10-day start to a year on record. But Robert Kiyosaki- who made that 2016 forecast in the 2002 book “Rich Dad’s Prophecy” – says the meltdown is under way, and there’s little investors can do but buy gold or silver and hope the Federal Reserve slows the slide.

Kiyosaki is convinced: The pullback he predicted is happening.

“We’re right on schedule,” he said in a recent interview with MarketWatch…

(Editor’s note: Bold added for emphasis)

Kollmeyer added later:

Kiyosaki told MarketWatch that the combination of demographics and global economic weakness makes the next crash inevitable — but the Fed could stave it off with another round of quantitative easing, which might stimulate the economy…

“The big question [whether] we do ‘QE4,’” said Kiyosaki. “If we do, the stock market will come roaring back, but it’s not rocket science. If we stop printing money, it crashes; if we print money, it goes up. But, eventually, it’s all going to come down.”

(Editor’s note: Bold added for emphasis)

To combat the crash, Kiyoski still places his trust in gold and silver, among other things. From the piece:

He thinks investors should own some gold or silver, based on the view that central banks will just have to print money to get out of the next crisis and precious metals are often deployed as a perceived hedge against inflation. Some investors, meanwhile, might look for investments geared toward income, such as rent payments or dividends, rather than appreciation.

“If you know what you’re doing and are investing for cash flow, baby boomers — or any investors — may see some gains,” he said. “But for those whose wealth is tied up in the [equity] markets, it’s more like gambling than investing.”

(Editor’s note: Bold added for emphasis)

An excellent interview of Kiyosaki by MarketWatch, which you can read in its entirety over on their website here.

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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Marc Faber: ‘The Most Desirable Currency Will Be Gold, Silver, Platinum, And Palladium’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the CNBC TV show Fast Money last Tuesday. When asked if he is bullish on gold and “is that inherently a call on the U.S. dollar as well?”, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report responded:

Yes. I don’t understand why the world is so enthusiastic about the U.S. dollar. I think in the long run the U.S. dollar will be a weak currency… I think that actually the U.S. dollar, provided the Fed doesn’t cut interest rates again and provided the Fed doesn’t introduce negative interest rates, provided all these conditions, I think the U.S. dollar should be okay. But it’s not a desirable currency. And that’s why I think the most desirable currency will be gold, silver, platinum, and palladium.


“How terror impacts markets: Marc Faber”
CNBC 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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From My Other Blog: Jim Rogers, Martin Armstrong, And Jeff Thomas

The last couple of days I’ve published a few posts on a different blog of mine- Offshore Safe Deposit Boxes– which might interest Survival And Prosperity readers. They include:

“Jim Rogers: ‘All Investors, Wherever They Are, Should Have Some Assets Outside Of Their Own Country’”

In that same Sovereign Society interview of investor Jim Rogers I blogged about Wednesday, the former investing partner of George Soros emphasized the importance of geographical diversification with one’s assets

“Martin Armstrong Predicts U.S. Government Will Confiscate Gold If Traveling With It Domestically, Overseas”

Economist Martin Armstrong predicts that while an “official” gold confiscation program might not be announced/implemented, the federal government will slap restrictions on traveling at home/abroad with gold and may go so far as to make precious metals transactions in the U.S. illegal, opening the door to confiscation

“Related Reading: ‘Are Governments Running Out Of Candy?’ By Jeff Thomas”

Jeff Thomas, feature writer for Casey Research’s International Man and the Cayman Islands private vault Strategic Wealth Preservation, discussed how government “freebies” are drying up, the historical pattern of economic collapse when politicians are unable to raise more taxes/ borrow more money, and the three groups of victims in the general public from the crash – including the “Preparers”

Enjoy…

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

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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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Advertiser Spotlight: Buy Gold And Silver Coins (BGASC)

Last June, I received an e-mail from an affiliate marketing partner of Survival And Prosperity which said they were terminating the relationship due to “nexus tax implications.” Curse this state (just kidding). Because blog readers were interested in the goods they sold (physical bullion), I searched for another reputable online retailer of gold and silver products to replace (surpass?) them. Enter Buy Gold And Silver Coins (BGASC). From the Calabasas, California-based bullion dealer’s “About Us” page:

Our goal is to be the kind of dealer we’ve always wanted to trade with: to be in stock, ship fast, be fair & reasonable, and operate honestly and efficiently. BGASC is one of the largest coin and bullion dealers in the United States. We are an Official PCGS Dealer, member of the Certified Coin Exchange (CCE), an NGC Collector’s Society Member, and a Bulk Purchaser of United States Mint non-bullion coins. Every single package we ship is sent fully privately insured for its time in transit. Customers all across the country have quickly come to recognize BGASC as one of the largest, fastest, most trusted online precious metals suppliers in the U.S. But you don’t have to take our word for it… Read BGASC Customer Reviews

In addition to being an official PCGS dealer, BGASC is also an American Numismatic Association member and listed in the ANA dealer directory.

Buy Gold And Silver Coins “stock a Large Selection of Gold and Silver Bullion Coins, Bars and Rounds as well as PCGS & NGC Graded Numismatic Coins.” Prices are “ultra-competitive” and they have “NO hidden fees, NO commissioned sales, and we don’t do phone solicitation calls either.” On their website, there’s an “ON SALE” section which routinely features “current sales, price reductions, and specially priced gold and silver bullion.” Right now, there’s a big silver sale going on.

BGASC also sells coins supplies and provides information on precious metals IRAs via their website.


“BGASC.com Silver Bullion Bars & Coins Unboxing – Behind The Scenes”
YouTube Video

Orders totaling $250 and up ship FREE (usually next business day). And according to their website, orders less than $250 ship for only $5.95 (no order minimum). Each package carries full shipping insurance (underwritten by Lloyd’s of London) during its time in transit, and is trackable by the customer from the time it’s placed to the time of delivery. BGASC has a 3-day return policy.

When it comes to customer satisfaction, the company is an eBay “Top Rated Seller” and scores 9.4 out of 10 (0-10 scale; 903 reviews) by the Trustpilot review community.

BGASC has a Better Business Bureau rating of “A+” and has a pending accreditation application with the BBB (“it has been found to meet our BBB Code of Business Practices”).

Interested in purchasing precious metals? Check out Buy Gold And Silver Coins via the banner ad below and see what they can do for you. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

Buy Gold And Silver Coins

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

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Rich Dad Author Robert Kiyosaki: ‘Right Now, I Trust In Gold And I Trust In Silver’

When I last blogged about Robert Kiyosaki on July 26, 2015, the American entrepreneur, educator, investor, and author of The New York Times best-selling book Rich Dad Poor Dad was bullish on gold and silver. Kiyosaki recently made an appearance on GoldSeek.com Radio, and in the January 27, 2016, broadcast, the real estate guru reaffirmed his “trust” in precious metals. From the exchange with host Chris Waltzek:

WALTZEK: People taking a longer-term perspective, picking up some precious metals. You get that diversification. You can sleep a little more soundly at night. And you also know that you’re getting silver at 66 percent off, gold 40-45 percent off the highs. So where’s the risk there?
KIYOSAKI: The risk is not having it. And that’s why I’m laughing about Saturday Night Live and I can’t tell Fox from Saturday Night Live because those guys are a bunch of cartoons up there now. And those are the guys you’re going to count on for your economy? Give me a break. I mean, right now I trust in gold and I trust in silver. I don’t trust the stock market. I don’t trust the Fed. I don’t trust our leaders. I don’t trust the EU to not come apart. You have Puerto Rico in serious trouble. I mean how many other things have you got out there? And you look at the national debt- it’s now $20 trillion. If you want to believe Saturday Night Live characters then you just keep believing. But I’d rather have gold and silver.


“GSR interviews ROBERT KIYOSAKI – Jan 27, 2016 Nugget”
YouTube Video

The author of the recently-released Second Chance: for Your Money, Your Life and Our World also informed listeners he got out of stocks “fully” last March.

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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