Skip to comments.How to profit during monetary crises, according to 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 thats 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
Ol Jimmy talking his book, hope he got in his farmland call.
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
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%
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.
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.
I am in agreement with Rogers’ investment advice, however I question my sanity when I see that bowtie.
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.
Rogers lives in Singapore, not China
Excellent advice Terry! The only thing I would add is to buy your land before the crisis and stock it with hidden supplies.
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.
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.
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.
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.
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.
I’ve heard that about Nebraska. ha
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.
“Nebraska is hell stay away from Nebraska, move on nothing there. Its all Steven Spielbergs 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......
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.