Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Thursday, November 19, 2009

China Three Gorges dam in trouble - 20 Nov 09

A new government report says that China's Three Gorges Dam project has doubled in cost.

It will now require $25bn more than the initial cost of $25bn to resettle people displaced by the project and to fill the reservoir with enough water.

A lack of rain and other problems are delaying the opening of the dam - designed to be the world's biggest flood control and hydropower facility.

Al Jazeera's Melissa Chan reports.



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china three gorges dam cost overruns delays melissa chan aljazeera

Obama experience first hand China Media censorship policies

US President Obama's maiden address to the nation was boycotted by the Chinese national press reemphasizing China's censorship policies





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China India address nation

Jim Rogers Buy Physical Gold not Gold Stocks or Mining Stocks

Jim Rogers Gold can Go down 20% next year

Jim Rogers Blog
In a recent interview with The street.com of 18 November 2009 reknown economist Jim Rogers recommended buying Gold not Gold ETFs or stocks , he also in other recent interviews advised to stay away from Gold mining stocks unless you know that that mining company is going to find a huge gold mine next year ! so is Jim Rogers a well known gold bug will continue to buy more gold in this over heated market or is he thinking to short it , his answer was :
Jim Rogers: I don't ever like to buy something making all time highs however I'm not selling my gold. Gold is going to go much higher in the course of the bull market. Doesn't mean it can't go down 20% next year but during the course of the bull market it is going to go much higher it is certainly not a bubble yet.
and when Jim Rogers was asked about what he thinks of mining stocks he answered :
" Not with my money. The studies show that you would make more investing in commodities themselves rather than commodity stocks unless you are a very good stock picker. If you are a good stock picker, unless you find a company that is going to discover silver in Berlin you buy all you can and then you call me and I'm going to buy it too ....short of something like that and there are a hundred gold stocks and most of them don't pan out. But if you own gold, gold is making all time highs. "
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Marc Faber the Sky is The Limit for Rising Gold Price

Nov. 18 (Bloomberg) -- Marc Faber, investor and publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Susan Li about the outlook for gold prices and his investment strategy. Faber, speaking in Singapore, also discusses Asian banks and rates the success of U.S. President Barack Obama's trip to China.


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Marc Faber recommends Precious Metals Equities and Commodities rather than Cash at zero interest

In a fresh interview with CNBC-TV18 aired on Nov 16, 2009 Dr Marc Faber the author editor and publisher of the Gloom Boom and Doom report recommended Equities precious metals especially gold and commodities rather than cash at zero interest that is losing value over time ...gold and when asked if he thinks that there is a big dollar carry trade his answer was :

"I am not so sure there's a huge dollar carry trade. What happens is that worldwide because interest rates are at zero percent – institutions as well as individuals borrow money and they go and speculate. The dollar carry trade is frequently misunderstood in the sense that there are big short positions in the dollars. But one shouldn't over estimate the short positions in dollars because the world is basically awash in the dollars.

There are too many dollars floating around from the American current account deficit that reached USD 800 billion annually and total international reserves in the hands ofcentral banks now are USD 7.7 trillion. That is the dollar overhang and to some extent some people want to hedge their dollar exposure and then they sell dollars and buy foreign currencies and of course also precious metals including gold, silver, platinum, palladium."

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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