Jim Rogers conducted an interview with Yahoo Tech Ticker which I thought was rather interesting as it took place in the heart of NYC, something very few Wall Street commentators do.
Jim Rogers Surprised By Economy's Health
Jim Rogers Surprised By Economy's Health
- Thought things would be worse in New York , but the economy has been recovering
- Major creditor nations in the world are in Asia , while all debitor nations are in the West
- Not in favor of stimulus spending anywhere
- If you are worried about a banking system, look at the banking system in the U,S and U.K
- Everybody who rises to power has huge problem along the way (referring to China and forced lending)
- Advises most individuals to buy a commodities index such as an ETF
- Not very active in most commodity indexes carrying his name, Jim rogers simply licenses them
- Don't be terrified of commodity futures
- So much focus on gold because everyone knows about gold, not too many people know about lead and the other lesser known commodities despite outperforming gold
- Supply/Demand situation is very favorable for commodities
- Concerned about dollar's demise
- Quite sure gold will hit $2,000/oz.
- Dollar will lose status as world currency
- With so much borrowing and money printing , America is going the wrong way
