Jim Rogers on Currencies, Stocks and Commodities – October 2009
Jim Rogers on CNBC TV18′s Money Control on October 2009.
Some excerpts (video link follows):
Q: It has also concomitant with a big fall in the dollar and there is a call now for greater weakness in that currency, would you concur?
A: I am not optimistic about the US dollar long-term. In fact, the US dollar long-term is going to be a disaster. However, there are many people in the world right now who are terribly pessimistic about the dollar including me, many people have sold the dollar short, and so it would not surprise me if there were not a big rally. If a rally comes, I plan to sell that rally but I am not selling the dollar down here.
Q: What about gold?
A: I own some gold and I am optimistic about the price of gold but I donâ€™t think I would buy it either. The gold is near its all-time high, I think I would rather buy silver for instance if I had to buy a precious metal. However, I am not buying either at the moment. I certainly would not sell any precious metals â€” if they go down, I plan to buy more and maybe a lot more.
Q: From the emerging and Brazil, Russia, India, China (BRIC) basket, what would be your top pick then right now in terms of markets?
A: I wouldnâ€™t buy any of them. I would never buy the Russian market. The BRIC is some kind of an artificial thing, which some marketing people put together. I would not ever buy the Russian market. I own China. Brazil is a natural resource-based economy and it is being better managed these days and it has been in the past. So Brazil probably has a good future though I donâ€™t own any Brazilian stocks. The Indian stock market has run up a lot in the last year or so. So I donâ€™t think I would buy it either. I am not buying shares anywhere in the world as we speak.
Jim Rogers Interview (Video Link):
Click here to watch the video…
Please Spread The Word And Share This Post
Read by 37 people
Date: October 1st, 2009
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.