Bullish on China long term growth

In general, I don't like to buy China except when it collapses. 

The last time I bought China in any significant way was in October, November of 2008. But if and when the market falls, I'll buy. 

I've read all those skeptical stories about China for many years, and so far they haven't come true. 

Jim Rogers likes Russia, Myanmar markets

I was pessimistic about Russia for 46 years, and I think it's becoming the second most-hated market in the world, after Argentina. But I see positive changes taking place, so I'm looking. I bought a few shares of an index, and a few shares of Aeroflot because I see positive changes taking place in airlines. 

I also like Myanmar. There aren't many stocks you can buy there, and they're just building a stock market. But Nok Airlines is a regional airline making inroads there. In the long run I'm excited about Myanmar.

How to invest in agriculture ?

There are many ways to invest in agriculture. Below Jim Rogers talks in a recent Barrons interview on how one could invest in this promising sector.

"Buy shares in farms, farm equipment, fertilizer and seed companies that trade on exchanges around the world. Stock markets in agriculture-producing countries should do better than those in agriculture-importing ones. Retailers, restaurants, banks in agricultural areas will do well. Buy a vacation home on a lake in Iowa, not Massachusetts. And there are listed indexes like the RJA or the RGRA. [The RJA, or Elements Rogers Agriculture Total Return exchange-traded note, tracks the Rogers International Commodity Index, which Rogers designed. The RGRA is the RBS Rogers Enhanced Agriculture ETN]."

Jim Rogers short India and Turkey markets

I've been shorting some emerging markets like India and Turkey. It's [India] a hopelessly managed place. Countries like India, Turkey, Indonesia that have big balance-of-trade deficits could easily finance things when there's all this free money. But when people realize there won't always be this artificial liquidity, then there'll be problems.

Is agriculture a good investment right now ?

I think agriculture is going to be one of the best investments over the next few decades. The world has consumed more than it has produced for much of the last decade, so inventories are near historic lows. The average farmer is 58 in the U.S. and Australia, 66 in Japan. Old farmers are dying or retiring, and young people aren't going into agriculture. 

Young Americans go into PR, not agriculture. Prices have to go much higher to attract labor, management, capital or we're not going to have enough food in the long run.

US government lies about inflation

We have inflation in India, China, Norway, Australia, everywhere but the U.S. Bureau of Labor Statistics.

I'm telling you they're lying. Go to a restaurant in New York, or a grocery store, and tell me that there's no inflation. Look here: In 2001, it cost $9 to go to the top of the Empire State Building. Now it's $44 to go to the top. The Museum of Modern Art in 2001 was $10, now it's $25. A cab from Kennedy airport to Manhattan in 2001 was $30 plus tolls. Now it starts at $52.

Drowing in liquidity

Japan has said it will print unlimited amounts of money. So Ben Bernanke said, "Wait a minute, we can throw in a trillion dollars a year." And the Europeans said they'll do "whatever it takes." There's a gigantic ocean of liquidity, and the people getting that liquidity are having a wonderful time. But it's totally artificial, and it's going to end badly when it ends, I assure you.

Is the bubble about to burst again ?

Fewer and fewer big stocks are going up, which is what happened near the end of the last bubble in 1999. Now, I don't know how long this will go on, but it can't go on forever. That said, you can't really short this market either. 

via Barrons online

Rogers glowing review of Singapore

Singapore has the best of everything—great education, great health care, everything works here. It's been an astonishing success story over the past 40 years. We're very pleased here. When I was selling my New York house, I almost backed out; I just couldn't bear the thought of leaving. But now I'm very happy here. I fly to New York and I realize I'm in a Third World airport. Then I get into a Third World taxi onto a Third World highway. The difference now just slaps me in the face. New York is a wonderful place, with the people and the vibrancy, but I can find the same vibrancy, if not more, in Asia.

Money printing will end badly

There is an artificial sea of liquidity right now. America, Japan, Europe, England are all printing money as fast as they can to debase their currency. This is an artificial liquidity boom. The people getting the money are very happy. It will end very badly. Eventually the markets are going to say we are not going to take your garbage paper.

Sugar is a good buy

Buy Sugar, if you goto a restaurant tonight and there is sugar, put it in your pocket because its free and its going to go higher. I buy sugar itself and I buy sugar companies, companies which produce sugar. 

World War 3 and Commodities

Nobody likes wars, fighting's and death but one thing is certain, Wall Street likes Wars. During periods of wars the stock market has done well specially with defensive sectors. On this touchy subject Mr Jim Rogers gives his opinion.

"If there is World War Three and Mr Obama seems to want to go to war. He seems desperate to want to go to war. That's going to make gold go through the roof and all commodities go through the roof. "

Jim Rogers is a successful investor and writer and frequently appears in media programs around the world. 

Indonesia, India, Turkey are suffering

Look at Indonesia, India, Turkey, they have huge balance of trade deficits which were easy to finance and now they are suffering.

The largest debtor nation is America

They’re not on the brink of default because they can print as much money as they want. Yes, America’s the largest debtor-nation in the entire history of the world. Nobody’s ever been this deep in debt and it’s going higher and higher.

Source: RT

Not selling gold, silver

I have never sold an ounce of Gold or an ounce of Silver. Its gonna be for my kids unless there is a bubble.

China will have setbacks

No country in the world goes straight up, every country has setbacks. In the 19th century America we had 15 depressions and yet we became the most exciting country in the 20th century. China is going to have a lot of problems. And when they happen take advantage of the opportunity.

Rogers: Opportunities in China

Chinese government is spending staggering amounts of money on agriculture. The place is horribly polluted, they know it. They are spending staggering amounts of money trying to clean up the pollution. Rail roads. They are trying to build the rail road system because its a more efficient and they know it. Chinese tourism, they have not been able to travel for a few hundred years. Now they can get passports very easily, now they can take money out of their country very easily. A billion 300 million Chinese tourists, they are going to change the name of Madison Avenue to China Avenue.

China has done well

China has done a spectacular job. But China is only 1/10th the size of Europe, America, Japan. India is only a third of the size of China. So no matter what happens to these other economies its not terribly relevant when you consider the size of the developed worlds.

Jim Rogers: Gold is not real money

A lot of people will say Gold is only the real money. Now the problem with that is throughout history, silver, brass, sea shells, lots of things have been used as money. The only thing is money as far as I'm concerned is if you go to a shop and hand them gold they are not going to give you a loaf of bread or anything. Until that happens gold is not money.

Gold having rest, needs rest

Gold is having a rest, it needs a rest. I'm not buying it here. If it goes down under a $1000 and it could go down, I hope I'm smart enough to buy a lot. Its only a 50 percent correction and 50 percent correction is normal. 

War causes food, energy prices to go up

I do know that throughout history whenever you had war, things like food prices have gone up a lot, energy prices have gone up a lot, copper price, lead prices: you know, all of these things go up a lot whenever there’s been a war in the past.