Jim Rogers appeared on Bloomberg on October 28, 2009 to touch on several topics and also to take on viewer's questions. Below are the notes I took during the half hour interview.
Notes On Jim Rogers October 28, 2009 Appearance
Notes On Jim Rogers October 28, 2009 Appearance
- $USD overdue for a rally
- Might be a decline in commodity prices for a while
- Currently owns the Yen and is optimistic about it
- Currently owns "baby" stocks in Japan
- Stock markets and the economy are two different things, we have had good stock markets along with bad economies and vice versa
- Over the long haul, Gold will be higher than today, $2,000/oz.
- Would rather buy silver than gold for right now
- Inventories of agriculture products are the lowest they have been in decades
- China has been spending most of their reserves better than the U.K. and some of the other companies
- Hard assets will be a great way to protect one's portfolio from inflation down the road
- Farming will be the next great industry in the next 20-30 years
