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.
- 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.
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