Jim Rogers Bloomberg Interview on China Strategy
Jim Rogers, chairman of Rogers Holdings, an early investor on the Chinese market talks with Bloomberg about his investment strategy for China.Rogers said that he first invested in China as far back as 1988 when it was not as popular amongst investors as it is today, "The Chinese have built up huge reserves for rainy days they are the largest creditor nation right now and now they are starting to spend those reserves but they are mainly spending them internally which an important thing to do and it seems they are spending them on strategically important things mainly infrastructure for instance they are rebuilding Sichuan province they are rebuilding the railroad system , they are doing things which will make more competitive coming out of this if the world will ever come out of this and that's the wisest thing to do in contrast of what is happening in America where Mr Obama and Mr Bush where spending the money on projects that won't do any good in the long term so the Chinese are doing good things from what we can gather " Jim add by saying "I am nor buying any stocks in China I have never sold any stocks since 1988 , but I have bought my last share in October November 2008 and I have not bought anything else since , the market have more than doubled in the last 9 months I do not like to jump on a moving train for things like that not at all ,I much prefer to buy when things collapse I am sure there will be collapse somewhere along the line in China .....
Rogers, speaking from Singapore, then discusses China's spending of its reserves, areas of growth in the Chinese economy and consumer savings.
Jim Rogers said he hasn’t purchased Chinese stocks since November “I much prefer to buy when things collapse,”
“Chinese consumers are consuming more,” Jim Rogers said. “To tell them to spend rather than save, the reason the economy has done so well is because they are huge savers and investors.”
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Monday, July 27, 2009
Jim Rogers Bullish on commodities China and Canada
Jim Rogers the Legendary investor In a very recent interview with the Canadian The Globe and Mail said he continues to be bullish on China and commodities. He profoundly believes that China is the place to invest and of course the best thing to invest in China are commodities agricultural farming mining precious metals sugar cotton and copper amongst others. Jim Rogers is also very bullish on the Canadian Market he said "Canada is probably one of the better-placed countries in the world right now, and the Canadian dollar is probably one of the soundest currencies in the world right now, on a fundamental basis. I have only good things to say about investing in Canada. "
Rogers is also very bullish on Asia and China in particular , he even moved from New York to Singapore because he believes that the future and the money are all now in Asia .Jim Rogers said about China and Commodities : "If you want to invest in China, the best way to play it now is to buy commodities – because China has to buy commodities. Or buy the currency. The stock market? I own shares, I haven't bought any since October or November of 2008.
The economy is growing because they're spending to make it grow. They built up a lot of reserves for a rainy day, and now they're spending them, since it is raining. But is it real? We won't know for several years. The rest of the world may have problems that would affect some parts of the Chinese economy." Jim Rogers believes that the commodities are the best place to be either the market picked up or not "If the world economy is going to get better, commodities will lead the way, because of the shortages. I cannot imagine a better place to be. When you come off periods like this, you want to be in the things where the fundamentals are getting better – those are the ones that always lead the next bull market.
If the economy is not going to improve, commodities are still the best place to be … because governments are printing huge amounts of money all over the world. "
Read the Full Interview here :
Rogers is also very bullish on Asia and China in particular , he even moved from New York to Singapore because he believes that the future and the money are all now in Asia .Jim Rogers said about China and Commodities : "If you want to invest in China, the best way to play it now is to buy commodities – because China has to buy commodities. Or buy the currency. The stock market? I own shares, I haven't bought any since October or November of 2008.
The economy is growing because they're spending to make it grow. They built up a lot of reserves for a rainy day, and now they're spending them, since it is raining. But is it real? We won't know for several years. The rest of the world may have problems that would affect some parts of the Chinese economy." Jim Rogers believes that the commodities are the best place to be either the market picked up or not "If the world economy is going to get better, commodities will lead the way, because of the shortages. I cannot imagine a better place to be. When you come off periods like this, you want to be in the things where the fundamentals are getting better – those are the ones that always lead the next bull market.
If the economy is not going to improve, commodities are still the best place to be … because governments are printing huge amounts of money all over the world. "
Read the Full Interview here :
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