Jim Rogers 02 (Jun 10 - Dec 26)

[kennynah]

It's very difficult to listen to someone that we do not like, eventhough they may have some good ideas.

Good ideas comes from everywhere, not only from people that we like

i cannot dispute this bias

but thankfully, there are many intelligent and likeable people i look up to, else I'd become as daft as LKY would like us to be

[winston]

Jim Rogers: Buy Euro, Swiss Franc This Year By Forrest Jones

International investor Jim Rogers, often a critic of currencies, says investors should buy the euro and Swiss franc in 2012 because the continent's leadership will navigate their economy out of the storm.

"I suspect (German Chancellor Angela Merkel) and that crowd will do something to make us feel better," Rogers tells CNBC.

The European Central Bank should not step in and buy government debt directly from debt-ridden governments like Greece or Italy, which would turn investors away from European markets in general.

European Central Bank officials have said they won't resort to such a policy, known as quantitative easing, in that it would bring about inflationary pressures.

"The market will start saying: 'Come on guys, we have had enough, this is shoddy and we're not going to play anymore,'" Rogers says.

In 2011, Rogers advised buying the euro on sentiment the currency will survive.

Despite the ongoing debt crisis and the chaos it has inflicted on equities markets worldwide, the euro held up well against the dollar in 2011, although it did begin to slide as the year came to a close.

In November and December, the currency hit a fell to a 10-year low against the yen and a one-year low against the dollar.

The number of short positions in the euro outweighed long positions by a record 127,900 contracts by Dec. 27, up from 113,700 contracts the previous week, the Financial Times reports, citing U.S. Commodity Futures Trading Commission data.

The value of the contracts was not disclosed.

"When we see extreme short positions like this it normally means a short-term correction for the euro," says Carole Laulhere, a strategist at Société Générale, the Financial Times adds.

"In the longer term the economic fundamentals are more important, but those are also weakening."

http://www.moneynews.com/StreetTalk/Rog ... /id/423161

[winston]

Jim Rogers: US Govt to ‘Juice Up’ Economy in Election Year By Forrest Jones

The U.S. government will spend beyond its means and the Federal Reserve will print money to juice up the economy as part of an election-year popularity ploy, says international investor Jim Rogers.

"You have to remember two things — election in America in November, so you are going to see a lot of good news.

Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election," Rogers tells The Economic Times, an Indian English-language daily newspaper.

"It happens every four years in America. They do their best to get the economy juiced up so they can win the election."

The Federal Reserve has carried out two rounds of quantitative easing, which are asset purchases from banks with freshly printed money designed to pump up the economy, and some Fed officials have said a third round may be needed this year.

Under such a scenario, investors should invest in the commodities, which strengthen amid a weakening dollar, the side effect of accommodative monetary policies.

"If the world economy gets better, then obviously commodity prices will do well because of the shortages," Rogers says.

"If the world economy does not get better, they are going to print a lot of money and you need to own real assets when they print money and yes there are 40 elections this year and yes they are going to print more money."

Some Federal Reserve officials say encouraging economic indicators, such as December's jobs report that showed the economy added a net 200,000 nonfarm payrolls, make further quantitative easing unlikely at this time.

"Hopefully, we will keep this momentum going in 2012," says Federal Reserve Bank of St. Louis President James Bullard, according to Bloomberg.

"The tone of the data has been very strong" and the central bank "probably could wait and see for now" before deciding whether there is a need for more accommodation.


http://www.moneynews.com/StreetTalk/Rog ... /id/424096

[winston]

Jim Rogers: Don't Pay Attention to Governments

Jim Rogers, who received the Mises Institute's Schlarbaum Prize for the lifetime defense of liberty in 2010, proved today that he deserved the award.

“If you listen to governments, then you are not going to make a lot of money. Governments lie, distort and make mistakes,” he said this morning on CNBC.

And, he clearly recognizes the near-global money printing now being conducted by central banks.

“My way of playing this is to own real assets like commodities,” he said “You now have the Bank of England, the Bank of Japan, the Federal Reserve printing money. The way to protect yourself at a time like this is to own assets.”

Rogers also added that he thinks silver looks more attractive than gold at the moment because of the sustained rise in the gold price. This is the same thing that Ron Paul told me when I met with him.

The thinking is that as price inflation heats up and more people look to the precious metals for protection, the high price of gold in terms of dollars will make it prohibitive for many to buy gold and will result in their buying silver.

So while, gold and silver will both continue to climb in price, the gains, percentagewise will be greater for silver.

Here's the video:

http://www.economicpolicyjournal.com/20 ... on-to.html

[winston]

Jim Rogers’ Portfolio Avoids U.S. Equities, Pounds in Favor of Euros

International investor Jim Rogers said he doesn’t have U.S. stocks or the British pound in his portfolio, which includes euros, dollars, renminbi and precious metals such as gold and silver.

“Everybody’s having a wonderful time running the printing presses,” Rogers, chairman of Rogers Holdings, said in a television interview with CNBC in Singapore.

“The way to protect yourself at a time like that, historically anyway, has been to own real assets. Those are my longs, and currencies.”

The Standard and Poor’s 500 Index has gained 8 percent this year, while the S&P GSCI index of 24 commodities has climbed 6.4 percent and gold 11 percent. Rogers said he expects more currency turmoil as global central banks inject stimulus into the economy through quantitative easing and investors should buy commodities “when that happens.”

“Probably none of us are going to own any paper money at all ultimately, but that’s later in this decade, because paper money is becoming very suspect everywhere in the world,” he said.

“I don’t own any U.S. equities,” he said, adding “I don’t own the pound sterling, although I do love the U.K. a great deal.”

While the pound is up about 2 percent against the dollar this year, it’s fallen 4.4 percent in the past six months.

“But I own the euro, I own the U.S. dollar. I own various currencies hoping to get through all this, but someday, none of us are going to own paper money at all,” Rogers said. He also said he’s “not thinking about selling” his gold, silver and precious metals investments.

“I own the renminbi. Every time I can, I buy more renminbi,” he said. “I expect the renminbi to double or triple in the next decade or two.”


http://www.moneynews.com/InvestingAnaly ... /id/429795

[kennynah]

rogers says ...

I own the euro, I own the U.S. dollar.

i need to go back to finance school to learn about this technique

[winston]

Jim Rogers: Government Is Lying About Inflation By Forrest Jones

High fuel prices are pushing up overall prices despite what officials at the Federal Reserve say, according to international investor Jim Rogers.

The Federal Reserve often focuses on core inflation, which is stripped of volatile food and energy items, when setting monetary policy, pointing out that headline inflation remains within comfort zones.

Increases in wages are more likely to spark a response from the Federal Reserve, although Rogers points out rising gasoline prices will bring all other prices up with them.

http://www.moneynews.com/Headline/Roger ... /id/431909

[winston]

Jim Rogers: How to succeed in today's economy

Future Money Trends just released a new interview with investor Jim Rogers.

This interview focuses on how to survive and thrive in the current economy, what degrees, what businesses, and what would a young Rogers do today if he wasn't already rich...

And how he would re-build his empire in today's environment.

http://www.investmentpostcards.com/2012 ... il-unrest/?

[winston]

Jim Rogers is getting ready to buy more gold and silver

Investor Jim Rogers, chairman of Rogers Holdings, said he's "not so optimistic" about gold and silver prices.

"I expect the price to decline and when that happens I will buy more," Rogers said at a conference in Bucharest today.

Silver dropped as much as 4.2 percent today and gold declined 2 percent after the Federal Reserve signaled it may refrain from more monetary stimulus.

The dollar rose as much as 0.6 percent against a basket of six currencies, curbing demand for precious metals as an alternative investment.

Today's declines pared gold's gain for this year to 3.4 percent and silver's advance to 13 percent. Rogers predicted a global commodities rally in 1999.


Source: Bloomberg

[winston]

China Housing Bubble Is "Over", Says Jim Rogers

The housing bubble in China is over, says Singapore based investment guru Jim Rogers in an article published in China Daily last week. The overheated Chinese housing market has cooled thanks to the government. Therefore, ladies and gentlemen, for the last time, there will be no hard landing in the Chinese economy.

“There has been a bubble in the Chinese property market which is now over,” he was quoted saying in an exclusive interview with the paper.

“It’s always right to follow what the government does, so look at the Five-Year Plan (2011-15) to see where the government’s sympathy lies,” said Rogers.

Those sympathies lie with new value added technologies like biotech, and building up the municipalities in the interior of China, and — more importantly — building China’s social safety net to help an aging population stay out of poverty.

http://www.forbes.com/sites/kenrapoza/2 ... im-rogers/