Jim Rogers is the guest host of CNBC Asia Squakbox on March 4, 2009.
Jim Rogers provides some insights into his forecasts and investment strategy, including:
Social unrest, civil unrest everywhere, including the United States. We’re in perilous times. the economy in the world is going to be bad for more than 2 or 3 years. It always has lead to problems. So, be prepared.
Some parts of China are booming and will continue to boom no matter what. things like water treatment and agriculture have to boom. China has a stupendous water problem. India has a worse water problem than China.
The IMF is trying to sell its gold. If the IMF sells their gold, then that’s going to drive the price of gold down, a lot.Â Buy as much as you can if this happens.
Jim Rogers suspects he’ll make more money with silver than gold.
Some concerns exist around the Chinese banks lending money domestically which is being put into the Chinese stock markets, possibly pumping prices.
China has been strategically purchasing hard asset oil producers to protect future supply lines. This may be detrimental to US Treasury bonds, as China is now investing their reserves elsewhere.
Oil reserves worldwide declining year over year. This indicates long-term growth potential.
British Pounds Sterling may trade 1.2 to 1 to the US dollar, and potentially less than 1 to 1 over the next few years.
The Euro may also get hit near-term, as a result of issues in Eastern Europe and possible default.
Various forecasts for Australian Dollar, Canadian Dollar,Â Brazilian Real, Japanese Yen (Part 5 of 5)
Mac Slavo Views:
Read by 878 people Date: March 5th, 2009 Website:www.SHTFplan.com
Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.
SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.