Bitcoin appears to be in a price bubble

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Gold
I do have Gold and Silver coins and never sold any. My plan is for my children to have them someday. The only problem with that is before this is over Gold and Silver may turn into a gigantic bubble, it may just go sky rocketing. If Gold and Silver turns into a bubble, I may have to sell.

Bitcoin
There are over 2000 crypto currencies so far. All this happened in just a few years, last 10 years in-fact. You know whats happening with the price of Bitcoin. You just look at the chart and compare that chart to the bubble of any chart in history and you would have been very worried. So I am not buying any crypto currency. I see all the signs of a bubble right now. If and when things calm down, hopefully I might be smart enough to get involved, if that's the right thing to do.

Other topics include why Mr Rogers wants his kids to speak Chinese Mandarin and more on the upcoming horrible market.




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.

It would be great if the Fed could be abolished

They [Fed] are not going to abolish themselves, maybe someone else would abolish them. They should leave the world alone. Stop bothering us.

Watch the video above or click here for the full interview



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 not buying US stocks at this time

Will there be another market crisis ?

"I know we're going to have another [financial crisis]. What I said was, the next one, when it comes, is going to be the worst in my lifetime. 2008 was bad because there was a lot of debt. Well, the debt is much, much higher now. 

People talk about austerity but nobody, nobody has reduced their debt. Everybody has increased their debt. The Federal Reserve in the U.S. has more than quintupled its balance sheet alone in nine years."

Stocks

"I will not buy shares in the U.S., under any circumstances. Not now. If you have to buy shares, Japan is down 50% from its all-time high, China is down 50% from its all-time high. Russia is hated. There are markets in the world that are not racing after all-time highs if you have to buy shares. Now, I don't have to buy shares so I'm not buying shares."


via prweb.com/releases/birch-gold-group/jim-rogers/prweb14580136.htm

Policy mistakes could doom Japan's economy longer term

At the moment I own Japanese shares, I don't plan to own them in 20 years. Long term Japan has gigantic problems. And as we know it, it's not going to exist in 30 years. They have a declining population, they have no babies, they wont let immigrants come in and the debt is going higher and higher everyday. They are making terrible mistakes everyday.


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.

We could see higher US Dollars before an eventual collapse

The Bull Market in the US, I don't know how much longer it has got to go. What will possibly happen is it will have one last spurt just as it did in 1999 - 2000. And then it will have a big collapse. That will lead to a higher US Dollar but then an eventual collapse in the US Dollar.


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.

Cryptocurrencies appear to be in a Bubble | Economic cycles will continue to happen

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Jim Rogers talks with Kitco
-Economics and Cycles
-Crypto currencies like bitcoin appear to be bubblish
-Evidence of large bullish sentiments among investors may be a warning sign.


"We've always had economic cycles and we will continue to have them. When things are going right for a while, excesses develop, you have too much capacity, demand goes down because prices go up, then you have a good time, people get fat and sassy and cocky and things go wrong. Its human nature, they way people always work."


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.