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Jim Rogers: Gold Will Trade Over $2000
Tech Ticker: Famed investor Jim Rogers is "quite sure gold will go over $2000 per ounce during this bull market."
Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.
"Is it going to happen? Yes," Rogers says. "I don’t like saying it [and] I’m extremely worried about it but we have to deal with the facts. America is not getting better [and] the dollar is going to be replaced just like pound sterling [was]."
Rogers didn’t offer a timetable, and it’s likely gold would exceed $2000…
14Oct2009 | The Real Deal | 0 comments | ContinuedJim Rogers says Dow could go to 1,000,000
But not the way you think:
While he’s negative on US assets — he says he’s gotten rid of all of his dollars, for the most part — he advises against shorting this market.
It’s a bear market rally. I was going to say I don’t think S&P 500 will see new highs. But I have to quickly temper that by saying against the dollar because the S&P 500 could triple from here if they print enough money and the value of the US dollar collapses, then S&P could go to 50,000, Dow Jones can go to 1,000,000. Which is one reason why I…
4Jun2009 | The Real Deal | 2 comments | ContinuedHow Do You Say “Higher Taxes” In French?
Yesterday in the UK publication, Metro, Jim Rogers advised investors to move to China if they spoke Chinese. Today, I have my own piece of cultural advice: Tell your children to take French and German in school. And while you’re at it, grab your own Rosetta Stone guide to foreign languages… You might need it sooner than you think.
We now have a government that wants to dictate how we live, work and earn money. Tax cheats can aspire to running the IRS, with the recently confirmed Timothy Geitner as their model. In addition, it seems that a large enough majority…
28Jan2009 | Smart Profits Report | 0 comments | ContinuedJim Rogers Teams Up With Macquarie To Create New Index
Investing icon Jim Rogers and Australia’s Macquarie Funds Group have teamed up to create an agricultural-commodities index that will help investors profit from shifting patterns of food consumption in the burgeoning market of Mainland China.
The Macquarie and Rogers China Agriculture Index is an investable index that will track price changes of the market “basket” of the agricultural commodities most commonly consumed in China. Macquarie Funds is the asset management arm of Australia’s Macquarie Group.
Macquarie actually created the product in November, and continued to operate it in December, when the China agricultural index posted a return of better than 11% – outperforming most…
28Jan2009 | Money Morning | 0 comments | ContinuedJim Rogers Says Buy These
“Historically, the way you make money in times like these is that you find things where the fundamentals are unimpaired.” – Jim Rogers
That sounds easy enough, right? Just find unimpaired companies, buy them, and wait. In essence, there couldn’t be better advice right now.
Of course, the question then is, “When should I buy unimpaired assets and businesses?”
For instance, Google (NASDAQ:GOOG) is going to be a mainstay on the Internet for years to come. Its market share is growing and its competition is fading.
And it’s making all the right moves during a downturn. It’s cutting expenses. It’s socking away cash (as much…
20Jan2009 | Q1 Publishing | 0 comments | ContinuedJim Rogers: $700 Billion Banking Bailout is ‘Horrible Economics’
Ask investing icon Jim Rogers about the $700 billion U.S. banking bailout, and he’ll tell you that it’s nothing but “horrible economics.”
And with good reason: Most of the major U.S. banks are already bankrupt.
“Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt,” Rogers said in a recent teleconference at the Reuters Investment Outlook 2009 Summit. “What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the…
3Jan2009 | Money Morning | 0 comments | ContinuedInvestment Guru Jim Rogers Says Commodities are the ‘Place to Be’ Despite Their Decline
Commodity prices have plunged from the record highs they hit earlier this year, but in a recent interview with Bloomberg, investing guru Jim Rogers said he is still bullish on commodities, which he expects to take off as soon as the clouds of the global recession lift.
The Reuters/Jefferies CRB Index of 19 commodities has fallen more than 54% from its July peak and is now at its lowest level in six years. Oil spearheaded the decline, with light, sweet crude for January delivery dropping $2.36, or 5.4%, to settle at $41.31 a barrel on the New York Mercantile Exchange…
8Dec2008 | Money Morning | 0 comments | Continued
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