Jim Rogers 02 (Jun 10 - Dec 26)

[winston]

Jim Rogers: We're Wiping out the Savings Class Globally, to Terrible Consequence by Adam Taggart

http://www.peakprosperity.com/podcast/8 ... s-3-9-2013

[winston]

Rogers: U.S. stocks' winning streak 'going to end badly'

(CNN) -- The Federal Reserve's aggressive monetary stimulus policy helping fuel record highs for U.S. stocks is "going to end badly" for the markets, according to investor and author Jim Rogers.

The Dow Jones Industrial Average rose for a tenth straight day to hit a record high of 14, 530 Thursday -- matching a winning streak in 1996 -- as investors continue to be buoyed by the Feds quantitative easing program.

But Rogers told CNN the "artificial" boosting of the economy by the Fed is like "throwing money out of the window to the markets."

Read more: Bernanke warns Congress it could hurt economic rebound

The S&P 500 added 9 points, or 0.6%, as the index of closed in on its all-time high of 1,565.15, set in October 2007, while the Nasdaq gained 0.4%.

Rogers said the thirty stocks listed on the Dow were "not a good indicator" of a global recovery. Speaking with CNN's Nina dos Santos, He said: "The United States is the largest debtor nation in the history of the world and it's getting worse."

Central banks in other major economies have also embarked on aggressive stimulus plans in recent years in an effort to boost growth, including the Bank of England and the Bank of Japan.

Rogers added: "Debasing your currency sometimes works in the short-term; it has never worked in the long term."

Rogers told CNN he was also concerned by the steady rise in the price of gold -- trading over $1,500 an ounce -- as investors look to hedge against inflation and low currencies.

"If it goes down [in price], I'll buy more gold; it's been up 12 years in a row... that's extremely rare in any asset and therefore I worry about it," he added.

Rogers pointed to China as a cause for optimism. For February, inflation in the world's second-largest economy rose by 3.2% to a 10-month high with annual growth at 7.8% for 2012, its weakest performance for 13 years. This year China set an inflation target of 3.5%.

In 2012, the People's Bank of China cut interest rates twice to ease pressures on consumers and businesses to combat slowing growth.

Rogers says: "The Chinese are trying to slow things down, rightly so. They've had inflation. They've had a real estate bubble, you should always try to pop bubbles and you should always try to kill inflation, so I admire what they're doing."

The American investor compared China's economic rise to the rapid growth seen in the U.S. in the 20th century with the Great Depression in the 1930s.

"China will have many problems but it's not the end of the world," Rogers added.

http://edition.cnn.com/2013/03/15/busine...?iid=HP_LN

[winston]

Jim Rogers on the Best Investments to Make When "Everything Has Problems" By Don Miller

http://moneymorning.com/2013/03/29/jim- ... -problems/

[winston]

Jim Rogers Is Buying North Korean Coins By Michael Kling

At a recent coin fair in Singapore, an assistant for Rogers purchased 13 rare North Korean coins, typically featuring pictures of Korean generals, The Wall Street Journal, reported.

“He wanted to buy more, but we only had 13 left,” a representative of the state-owned Korea Pugang Coin Corp. that sold gold and silver coins at the fair, according to The Journal.

It offered 20 one-ounce gold coins for 2,500 Singapore dollars ($2,014) as well as several hundred silver coins. By comparison, gold closed at $1,598 an ounce Friday.

Roger’s assistant also bought many of the silver North Korean coins being sold.

In a way, Rogers is shorting North Korea. “At some point down the line, North Korea will cease existing as a country. Then the value of the coins will go up,” Rogers, chairman of Rogers Holdings, said in a previous interview, the Journal noted.

“Coins and stamps are the only way I can invest in North Korea. … At some point down the line, North Korea will cease existing as a country. Then the value of the coins will go up," Rogers said in a previous interview.

Six gold dealers attended the Singapore coin fair over the weekend, according to The Journal, but none said they have bought or sold North Korean coins or even had requests for them.

Rogers also purchased most of the North Korean gold coins at last year’s Singapore coin fair.

Korea Pugang Coins mints only about 2,000 coins a year, the Journal reports, noting that North Korea has a limited gold supply. Most are sold to foreign investors and collectors at coin fairs in the Far East.

Gold ended the first quarter of a loss of 4.7 percent, as the eurozone situation appeared to stabilize and a much-feared bank run in Cyprus failed to materialize.

Japanese gold investors, according to Reuters, seemed to be unaffected by rising tensions on the Korean peninsula.

“Looking ahead, gold is likely to stay in the current range of $1,590 and $1,605,” this coming week, Kaname Gokon, general manager at Okato Shoji Co.’s research section told Reuters.

“But there are chances that those who have bought Tokyo Commodity Exchange futures on a weaker yen may start closing their long positions if a market focus is shifted to a stronger dollar, which is negative to gold.”

http://www.moneynews.com/InvestingAnaly ... /id/497216

[winston]

Investor Jim Rogers Says Gold Needs Correction, Isn’t Buying Yet

Gold, which tumbled into a bear market last week, is in need of a correction, according to investor Jim Rogers, who said that he’s not buying the commodity yet as it hasn’t dropped enough.

“This may be the correction that gold needs,” said Rogers, chairman of Rogers Holdings. “If it goes down enough, I will start buying it,” Rogers told reporters in Singapore today, without identifying a level.

Gold extended losses to the lowest level in two years today after investors cut holdings in exchange-traded products as the U.S. recovers. Rogers, who foresaw the start of a commodity rally in 1999, has previously backed bullion to rally as central banks boosted their balance sheets to stimulate growth.

Bullion for immediate delivery fell as much as 3.9 percent to $1,425.75 an ounce and was at $1,436.10 at 3:55 p.m. in Singapore. Prices tumbled 5 percent on April 12, taking losses to more than 20 percent since the record close in September 2011 and meeting the common definition of a bear market.

Rogers said in April 2006 that a boom in energy and raw- material prices would help drive gold to a then-record $1,000, without giving a timeframe for that forecast. In July 2007, Rogers said that he wasn’t selling his gold position even though there were too many speculators backing further gains.

In October 2009, Rogers said that gold may top $2,000 in the next decade, citing the printing of money. In August 2011, Rogers said while he wouldn’t buy more gold “right now,” the metal was still poised to rally to $2,000 “over the years.”

http://www.bloomberg.com/news/2013-04-1 ... g-yet.html

[winston]

Jim Rogers Exclusive: Once Gold Bottoms, We're Looking at "A Multi-Year Bull Market" By William Patalon III

http://moneymorning.com/2013/04/23/jim- ... ll-market/

[winston]

Jim Rogers Exclusive: It's a "Race to Insanity" By William Patalon III

If you are invested in the lofty stock markets of the United States or Japan, legendary investor Jim Rogers has a message for you ...

Euphoric gains always lead to hangover pains - it's just a matter of when.

http://moneymorning.com/2013/04/24/jim- ... -insanity/

[winston]

Jim Rogers: This is when I'll buy more gold

Jim Rogers, who predicted a commodity rally in 1999, said he may buy gold if a bear market deepens and prices fall to $1,300 an ounce or below.

Bullion for immediate delivery tumbled to $1,321.95 on April 16, the lowest since January 2011, stoking a frenzy among coin and jewelry buyers from the U.S. to India and Australia. Rogers, the chairman of Singapore-based Rogers Holdings, hasn't bought any bullion after the slump, he said in an interview.

"If it goes to $1,300, I hope I am smart enough to buy some," he said in Singapore. "If it goes lower to $1,200, I hope to buy even more. If... that's not a prediction."


Source: Bloomberg

[winston]

Where to Invest in 2013: What Jim Rogers is Most Optimistic About By Tony Daltorio

http://moneymorning.com/2013/05/07/wher ... tic-about/

[winston]

Jim Rogers: Yen's 'Collapse Very Dangerous' By Dan Weil

The dollar hit a four-year high of 103.31 yen Friday, and legendary investor Jim Rogers, chairman of Rogers Holdings, doesn't think that's a good thing.

"The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time," Rogers told Yahoo. "It's a very, very dangerous move."

The dollar has gained 25 percent against the yen since Dec. 4, trading early Wednesday at 102.99 yen

The yen has dropped as Japan's Prime Minister Shinzo Abe has pursued fiscal stimulus and appointed a central bank governor willing to implement a massive easing program.

"[Abenomics] has made the stock market go up quite a lot, it's been dramatic, but it's made the currency collapse," Rogers explained.

The Nikkei 225 Stock Index has jumped nearly 80 percent over the last year, and Rogers says he's not going to "jump on the bus."

"I still own Japanese shares, I sold some last week, not all, but some," he noted.

"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."

Some experts think the injection of monetary and fiscal stimulus is exactly what Japan's economy needs. "This is Japan's best chance in 20 years to escape from its deflationary mind-set," Hajime Takata, chief economist at Mizuho Research Institute in Tokyo, told The New York Times.

Rogers disagrees. "I know the government is reporting that [the yen's] move is good, but I don't trust governments," he said.

"One hundred twenty-five million Japanese [stand to lose the most] because of inflation. Everything Japan imports is going to go up dramatically in price. ... The Japanese will suffer, but ... stockbrokers will do better, currency traders will do better."

Source: Moneynews

http://www.moneynews.com/Markets/Rogers ... /id/505814