Jim Rogers on ABC News Australia (5/8/11)

Jim Rogers was interviewed by ABC News Australia on 5/8/11. He spoke about commodities, currencies and the global debt crises. See below for the video and summary.

 

 

Summary:

 

  • Jim Rogers is mainly invested in real assets — commodities (esp. agriculture), gold and silver. Moreover, he owns the Swiss Franc, the Japanese Yen and the Euro (although he wouldn’t buy the Euro right now, he’s not selling it).
  • Things are going to get worst in America.
  • Finance is not going to be a great place to be for the next 30 years. Farming — after a 30 year bear market — is going into 30 year bull market.
  • The inventories of agricultural products are at historic lows. We have shortages of everything, including farmers.
  • India has a Debt to GDP ratio of 90%. When countries get to that level of debt, it becomes difficult to grow.
  • There are more bankruptcies and crises coming in Europe.
  • There is no reason to sell your gold until it’s in a big bubble. That may be 10 years from now. If it goes down, you should buy some more.

See here for our collection of rare historical economic data.

Posted Aug 6, 2011
by | Categories: Other
  • Shane

    Jim Rogers should be ignored at your own peril. If he says jump, then you jump. I have been listening to all the usual suspects, before the GFC, but I would not bet against Jim Rogers.

    • http://greshams-law.com Thomas Gresham

      Agreed!

    • http://greshams-law.com Aftab Singh

      Agreed!