Why UK should not leave the EU

If the UK left the European Union, London’s dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European capitals.

London’s dominance of the foreign exchange market evolved historically but evolution will continue in other places if the UK leaves. It would be foolish to leave the EU, but politicians have done foolish things since the beginning of time.

via REUTERS


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

People buy US Dollar during market crisis

Once we have more currency turmoil, many people will flee to the US dollar and because they do not know what else to do. They think it is a safe haven. It is not a safe haven. It is not a prediction but this can happen.


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Gold could bottom once China crisis passes

Many stocks in China are closed, so one cannot trade in those. The people who had margin calls and who had borrowed money had to sell anything to raise money, as they could not sell stocks.”

Once this artificial liquidation is over, I suspect base metals would be a good place to be in. The Chinese have borrowed against their copper and other base metals, so they were forced to sell when they got huge margin calls. I suspect we will see some kind of bottom going forward.




via ValueWalk

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Market Corrections are part of the overall markets

Risk aversion is good, because one needs corrections and consolidations. Bull markets climb a wall of worries; when nobody is worried and nobody is scared, it’s a problem. So, you want people to be scared and worried. This is not good for people losing money but it is good for the overall markets.




Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

India debt relatively high compared to other Asian countries

Business Standard: There were some reports that the rupee could come under pressure in case the situation in Greece worsens. What are your thoughts?

Jim Rogers: I don't know much about the rupee at this moment, but India still has very high amount of debt compared to some other regions across the world. Many other currencies would be a better place to be than the rupee.



Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Jim Rogers sells his India holding

I bought some shares for the India reform story earlier, but sold those as there was no reform. Nothing has happened and so I sold my Indian shares.

But most people are still hopeful reforms will happen and these still are early days for the government…

That’s okay. Some people will make money in India. Narendra Modi has been in power for over a year, and virtually nothing has happened. He said he knew what he was doing while campaigning. He ran a state earlier, so what’s the problem now? Doesn’t he know what to do? Or can he not get it done? 

Anyway, I sold off my holding in India.



via Business Standard


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Rogers says stock market declines coming

Over the next couple of years, there will still be pain. I am not very good at short-term trading but I certainly know we will have plenty of problems in financial markets over the next couple of years. We’ll have bankruptcies, huge fluctuations and declines in stock markets. We will have the bond market slowing a lot and a lot of turmoil in currencies as well. 

In the US, we haven’t had even a 10 per cent correction in stocks — it’s been five years. Now, we will have a lot of big declines starting in a year or two.



Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Jim Rogers phone chat with Economic Times [VIDEO]

Topics of video include Iran Nuclear deal with USA, Oil supply and prices



Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Jim Rogers thinks Russian ruble has better fundamentals than US Dollar

Russia has low debt, unlike Greece, as well as convertible currency, which is quite unique for the new markets. So fundamentally its position can be called normal. It is being pressured by lower oil prices, but as soon as the black gold finds the stable point the situation will improve for the ruble. 

If we simply write out on paper the facts that lie behind the ruble and the dollar, without naming the currency, then everyone will want to buy rubles and no one will buy dollars. But as soon as you name them then, of course, people buy dollars." 


http://www.fxstreet.com/analysis/daily-pfennig/2015/07/17/

Jim Rogers vs World Bank and IMF [VIDEO]

"If you go back and look at the the World Bank and the IMF have never been right about anything other than spending billions and billions of dollars and coming up with great life styles for the bureaucrats who have the jobs. You should see how they live, the benefits that they get for doing very little."




Watch minute 6:25 and 20:00 to hear Jim Rogers take on the Bankers






Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Gold will shoot up when people lose confidence in governments

Gold is in a correction, and the correction has gone on for four years. Although I am not buying gold, I am expecting an opportunity to buy gold sometime in the next year or two. For instance, if gold goes under $1,000, I hope I’m smart enough to buy a lot more gold.

When I say under $1,000, it’s not that I know what I’m doing, it’s just that typically 50% corrections are normal. Before this is over, gold is going to end in a bubble. In the past, when there are collapses of confidence in government or currencies, people flee to gold. Part of the problem is that many people consider gold to be holy. They are mystical about it. Some mystics are surprised that gold goes down at all. When the next problem comes, people will lose confidence in the government, central banks, and paper money. That’s when gold goes up the most. That’s also when the central banks will do anything to save the day.


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Alternative to World Bank and IMF needed

The world needs something to compete with the US-dominated institutions, some of them - the World Bank and the IMF- have become corroded and ineffective. So, if BRICS offer any new structures that can compete with these long-standing decomposed institutions, it will be very good. Good for the whole world, including Russia and China.



VIA http://rt.com/business/268111-institutions-brics-alternative-renminbi/

What Jim Rogers is buying right now

Things I'm buying now are those that are down. Russia's a very hated stock market, Japan is down 50 per cent from its all time highs, China is down 30 or 35 per cent from its all-time highs.

I started investing in Japan about three years ago, Russia two years ago, for instance.

I bought Zimbabwe shares two weeks ago. That's new, I didn't buy a lot. I haven't bought shares in Zimbabwe for about 25 years. It's a disaster but therefore cheap. What instigated me to start investing there again was that they completely abolished their old currency and started using US dollars.

The real new future in Zimbabwe will happen when President Robert Mugabe leaves. He's an old man and he will leave some day, and that will be the real change.


 VIA Straitstimes 

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Greece should go bankrupt and get it over with and start over [VIDEO]

Greece will collapse .... and people will be terrified. 

What they should do is to let the banks go bankrupt—they made their loans, you and I didn’t make the loans—let them go bankrupt and start it over.


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Capitalism vs Government intervention results

They [Fed] should stop buying bonds. They should let interest rates and the market find its own level. It might mean some bankruptcies. 

In Scandinavia in the early 1990's, they had a problem. They let businesses go bankrupt, and there was terrible pain for a year or two, but Scandinavia reorganized and become one of the best parts of the world economy. 

On the other hand, Japan refused to let anyone go bankrupt, and they lost a decade or so because of artificial stimulation. It doesn’t work. It has never worked. The only thing that works is when people fail, go bankrupt, and start over. 


VIA MARKETWATCH



Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.