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Jim Rogers: Scared By Central Banks Around The World

January 05, 2011
"Central banks around the world scare me. They are doing, not all but many of them are doing, foolish things and we are going to have serious problems down the road. I do not know how they plan to get out of what they are doing. The Central Bank at America spent huge amounts of money. I do not know how they are going to get out of this problem without causing serious problems for everybody. Many central banks are going to exit from the mistakes that they have made without causing even more damage. All of these guys, especially Americans and Brits who have been printing money and buying absurd assets, are going to cause many more problems in the end than they are solving."

Those are the remarks of investor and commodity king Jim Rogers in his most recent interview with ET Now. The video quality is horrible. Jim Rogers continues to be bullish on Rice & Silver, but is not sure he would buy at current levels considering they have gone up significantly in a short period of time.Another commodity he likes is sugar .Among the reasons he is bullish on sugar, Jim Rogers states there are shortages developing around the world and sugar should go higher but he would not buy right now as it too is hitting 30-40 year highs.

About the author:

Alex Garcia
Alejandro Garcia, B.S. Business Admin-Option in Finance, is a private value investor who uses his blog as a means to write about his experience with Joel Greenblatt's Magic Formula

Visit Alex Garcia's Website


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