Jim Rogers: Yen downfall move dangerous

Jim Rogers on the Japanese yen policy: The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is. Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.

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%.

Jim Rogers still owns Japan stocks

[Abenomics] has made the stock market go up quite a lot, it's been dramatic, but it's made the currency collapse. I still own Japanese shares, I sold some last week, not all, but some. If [Japanese equities] drop down for some reason conceivably I would buy them back, but I don't know what would make them go down though because there's money printing everywhere. ... This is causing stock markets around the world to be very artificially inflated.

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%.

Jim Rogers may still buy US Dollar

I still own US dollar I don't want to own it. I own because its the least bad. Other people will put their money in the dollar when there's turmoil. Look at the Japanese trying to get out of the yen so they put their money in the dollar. They dont know what else to do with their money. In fact I may some more[dollar] before too much longer.

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%.

Jim Rogers on the Yen devaluation effects

The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.

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%.

The Reasons Why Singapore Has Been Successful

“One of the reasons why Singapore has been successful is because it encouraged immigration and nearly everyone in Singapore is an immigrant or family of an immigrant.” - in Forbes

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%.

Investing in Russia

"Maybe [Putin] doesn't like being treated as a KGB thug. He understands there has not been great prosperity in Russia in the past few years... I have the view that international capital is welcome in Russia. And if you go there and you invest, you will find opportunities." - in Stansberry Research


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%.

Jim Rogers : I suggest Buying into Crude Oil if prices fall sharply

 Among commodities, gold and crude oil have seen a massive slide since the past few months. Have we hit bottom or is there more on offer over the next few months? What about base metals / industrial metals?

Jim Rogers : A correction in precious metals was long overdue. Gold has seen a steady rise for 12 years in a row, which is extremely unusual for any asset.

Hopefully, now we are witnessing a long overdue and necessary correction in the yellow metal. I expect the gold prices to trend down further and then stage a recovery although there could be a good trading rally first.

I own both gold and silver and I am neither selling nor buying these two precious metals at current levels. Though I am not investing in yet, I may do so at lower levels. There are limited crude oil reserves and the demand, too, has been slowing down.

I suggest buying into crude if prices fall sharply. As regards metals, I think one can start looking at those that have seen a massive drop from the top such as nickel and lead. - in rediff




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%.

Jim Rogers : There is a slowdown in the Chinese Economy & this is impacting the Commodity Prices as well

 What is your assessment of the Chinese economy and the likely impact on global commodity prices over the next couple of years?

Jim Rogers : There is a slowdown in the Chinese economy and naturally this is impacting the commodity prices as well.

China has also unsuccessfully tried to burst the bubble in the real estate sector since the past few years.

Going ahead, I think this bubble will also burst though it is difficult to put a time frame to it right now. - in rediff



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%.

Jim Rogers : In all Bull Markets, there are corrections , The long-term Bull Market in Commodities is not over yet

 What is the likely impact of this on global commodity markets?

Jim Rogers : I think the bull-run in commodities will continue and what we are seeing now is a long overdue correction.

In all bull markets, there are corrections and it does not mean that it has come to an end. We have seen that in the equity bull markets.

For example, between the years 1982 and 2000, a lot of people called a correction an end of the bull phase in equities.

This is exactly what is happening to commodities right now. So, the long-term bull market in commodities is not over yet - in rediff


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%.

Jim Rogers : Most central banks have injected too much liquidity, I think the bubble will burst and will cause a lot of pain across the globe. It's not going to go on for a long time, and once it's over, it will be very painful for a lot of people

 Do you think central banks across the globe could wind down the quantitative easing/stimulus programmes in 2014?

Jim Rogers : Most central banks have injected too much liquidity, which is not sustainable. (Fed chief Ben) Bernanke has said he is going to keep pumping in money and keep interest rates down until 2015. I don't know how it will last beyond this year.

But if Bernanke is determined to continue with it and other central banks in Japan and Europe will also follow suit, I feel it is the market that won't allow this to happen.

I think the bubble will burst and will cause a lot of pain across the globe. It's not going to go on for a long time, and once it's over, it will be very painful for a lot of people. The bond prices will also go down despite the central banks' intervention. - in rediff



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%.