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How to profit during monetary crises, according to Jim Rogers
investmentpostcards ^ | 2 7 2001 | Jim Rogers

Posted on 02/09/2011 7:28:33 AM PST by dennisw

In this video clip, investor Jim Rogers sits down with Judge Andrew Napolitano to discuss profit strategies during monetary crises.

Rogers said: “… what you have to do is you have to find things that will protect your assets real assets silver rice natural gas something that will hold its value in an inflationary time … I do it two ways: I own gold and silver coins in my hand in my house in my box; I also own gold and silver futures that’s another way to do it.”

He also commented Fed as follows: “Bernanke, he does not understand finance, economics and currencies; all he understands is printing money and now we have giving him the printing presses he has run those printing presses as fast as he can …”

VIDEO--->>  http://www.youtube.com/watch?v=mtL4wkjvoQQ&feature=player_embedded

 


TOPICS: Business/Economy; News/Current Events
KEYWORDS: jimrogers; rogers

1 posted on 02/09/2011 7:28:35 AM PST by dennisw
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To: dennisw

Ol Jimmy talking his book, hope he got in his farmland call.


2 posted on 02/09/2011 7:29:42 AM PST by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: dennisw

Jim Rodgers says protect yourself against inflation. Forget deflation. Yes some things are deflating but don’t be hypnotized by that. Life essentials such as food and agricultural commodities are inflating. Gold and silver too are inflating as people try and protect their savings from US dollar inflation


3 posted on 02/09/2011 7:31:54 AM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: junta

Ol Jimmy talking his book, hope he got in his farmland call.>>>>>>

They all talk their own books. Which one do you take your investment advice from on TV? That is the real question. Two weeks ago Rodgers said he was in rice futures. Rice then proceeded to rise 10%


4 posted on 02/09/2011 7:35:43 AM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: dennisw

I believe we all need to:

1) Have enough gasoline to travel to a safe area. A rural area with not many people on the government take and where everyone knows each other and they all own a gun. Plus the area has underground water and plenty of places to hunt and fish. The place where I grew up in Arkansas will be my intended destination.

2) Have weapons for protection while travelling.

3) Have enough food to get there and survive for six months.

4) Have enough gold and silver to start over in the “new” world.

I believe this is coming sooner than most of us think.


5 posted on 02/09/2011 7:46:06 AM PST by Terry Mross (We need a SECOND party.)
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To: dennisw

I have mixed emotions about Jim Rogers as he has fled to China with his kids. I’m not real sympathetic to folks who think the answer is move to another country but he is right about Bernanke. At some point there is going to be a crash and its going to be worse than people think. Not a bad idea to just store up a years worth of food and buy some gold and silver. You can always eat the food later folks and you can spend the gold and silver also.


6 posted on 02/09/2011 7:52:32 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: dennisw

I am in agreement with Rogers’ investment advice, however I question my sanity when I see that bowtie.


7 posted on 02/09/2011 7:53:31 AM PST by chopperman
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To: Georgia Girl 2
I have mixed emotions about Jim Rogers as he has fled to China with his kids. I’m not real sympathetic to folks who think the answer is move to another country

I am the same way and used to put him down. But by locating in Singapore he is paying much lower taxes and can invest with fewer restrictions that in the USA. He lived here for decades. He is only sort of retiring there and having children at an older age. 

He's been making good calls on the economy and investments. He is doing something right.

8 posted on 02/09/2011 8:07:05 AM PST by dennisw (- - - -He who does not economize will have to agonize - - - - - Confucius)
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To: Georgia Girl 2

Rogers lives in Singapore, not China


9 posted on 02/09/2011 8:18:27 AM PST by cowtowney
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To: Terry Mross

Excellent advice Terry! The only thing I would add is to buy your land before the crisis and stock it with hidden supplies.


10 posted on 02/09/2011 8:31:43 AM PST by 2001convSVT (That Beck guy was right about gold, too.)
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To: Terry Mross

Nebraska is hell stay away from Nebraska, move on nothing there. Its all Steven Spielberg’s “Children of the Corn” evil pure midwestern pale face on a pale horse evil.


11 posted on 02/09/2011 8:41:24 AM PST by junta (S.C.U.M. = State Controlled Unreliable Media)
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To: dennisw

Rogers was 100% right in 2005 when he said to buy every commodity you could get your hands on and hold it for a long time.


12 posted on 02/09/2011 9:03:05 AM PST by montag813 (http://www.facebook.com/StandWithArizona)
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To: dennisw
I don’t agree with the idea that one has to buy coins or Precious Metals in their physical form and hide them in their homes.

For one, in order to buy these items, you get hit with a very hefty “handling charge”. Then, you gain absolutely no interest on that asset while you take the risk of keeping it safe from theft or loss by disaster or fire.

Then, you also lose again when you try to convert it back into dollars. Mainly, because most exchanges give you less than what it is actually worth, in order to gain a profit for the added cost of exchange.

Barter and trade also favors who ever is accepting the coin, because they usually trade it for under the actual market value. There again, you lose.

I have quite a lot of Gold, Platinum and Palladium and have enjoyed huge gains from all of it. I take profits in smaller increments and roll it back into commodity interests from it.

The most dangerous market coming shortly, will be the Bond Market. Banking stocks are also highly at risk. This is due to the Fed and Treasury departments recent criminal activity that has been going on unopposed or announced. This has only ONE outcome, which will be the loss of the Dollar as the World Reserve currency and the irreversible inflation that will follow.

13 posted on 02/09/2011 9:04:20 AM PST by PSYCHO-FREEP (Patriotic by Proxy! (Cause I'm a nutcase and it's someone Else's' fault!....))
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To: dennisw

So I’m just supposed to ignore the fact that the demographics show a 50 percent decline over the next 20 years?

Bernanke’s trying to inflate the economy, but deflationary forces are so powerful, that despite his best efforts, stuff is still going down.


14 posted on 02/09/2011 9:05:14 AM PST by BenKenobi (one of the worst mistakes anybody can make is to bet against Americans.")
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To: dennisw

http://www.bloomberg.com/news/2011-02-07/investors-102-billion-precious-metals-wager-showing-bull-market-intact.html


15 posted on 02/09/2011 9:31:03 AM PST by FromLori (FromLori">)
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To: Terry Mross
You make it sound simple, but once you get into it it's *amazing* how complex it is to prepare to survive an extended disaster. And safe havens will be difficult to find as refugees leave cities en masse. I strongly recommend to anyone interested in Preparedness to read the book "How to Survive the End of the World as we Know It".
16 posted on 02/09/2011 9:41:03 AM PST by The Duke
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To: The Duke

Oh, I know it won’t be easy. Especially if it happens “over night”. To survive and/or to get anywhere you’ll have to shoot your way in and out.

The place I’d like to go I already have relatives living there. But getting there won’t be easy.


17 posted on 02/09/2011 9:49:36 AM PST by Terry Mross (We need a SECOND party.)
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To: junta

I’ve heard that about Nebraska. ha


18 posted on 02/09/2011 9:49:55 AM PST by Terry Mross (We need a SECOND party.)
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To: 2001convSVT

Can’t buy the land. So I’ll hope and pray I can get to where it’s relatively safe. I do believe those of us just thinking about the possibility will have a better chance of surviving. I beleive most in this country are watching T.V. and getting their “news” from the government propaganda machine so, when it hits the fan, it’ll be right in their faces.


19 posted on 02/09/2011 9:51:46 AM PST by Terry Mross (We need a SECOND party.)
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To: junta

“Nebraska is hell stay away from Nebraska, move on nothing there. Its all Steven Spielberg’s “Children of the Corn” evil pure midwestern pale face on a pale horse evil.”

Gotta second this one. All of you folks fleeing the hordes of crazed Obamites deprived of their entitlements in your urban centers, STAY AWAY FROM NEBRASKA! We are all inbred hicks and we will kill you and eat you. There is nothing here for you to loot and no land/water for you to hunt and fish on.

I say again: We are all crazed hicks in our overalls and 70’s era pickups, hopped up on Busch Light and crank. You would be best off if you went to say, Iowa......


20 posted on 02/09/2011 10:01:14 AM PST by Big Red Clay (Greetings from the Big Red State)
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To: Terry Mross
Same here. I'm in Florida and my idea retreat is located in Tennessee.

I'm the organizer for a 150-member disaster preparedness group here in Central Florida, so I spend a lot of time addressing these issues, and helping others to as well.

21 posted on 02/09/2011 1:26:26 PM PST by The Duke
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