Comments on: Jim Rogers Outlook for 2009

By: Teunis van Nes

Teunis van Nes — Sat, 03 Oct 2009 10:58:04 +0000

Mike, regarding the renbimbi, Jim Rogers is clear:
He buy’s when he can. Its not easy to get them.
However latest beginning September I was at Hong-Kong Airport and officially was mentioned at one currency-exchange desk:
“We also exchange Renmimbi.”
I do not know or its still there. But for sure this was new.

By: Teunis van Nes

Teunis van Nes — Tue, 22 Sep 2009 23:53:46 +0000

Bernanke CS does very well know whats going on. Banks were obliged to buy stocks, if not: no capital from the government/FED/Central Bank. This is done “to save” the insurance-companies and the pensionfunds who are still deep in stocks and saved by this move. Even the banks are saved by it as by theire buying the price of the stocks went up, so theire own “capital” went up and therefor they just passed the socalled “stress-test” as well as by new rules. Buffet, with a direct line to Obama, helped as well. Obama needed him to show the world it were The American Investors who foresaw the raise out of the recession.
( And if not Obama could blame them.) Now the man on the street is buying and proven now is that the CEO’s are selling…

By: Jimmy

Jimmy — Sat, 07 Mar 2009 00:16:34 +0000

Mike: I do believe Jim Rogers, when he pulls out that gold coin out of his jacket pocket, is using a little ‘showmanship’ to broadcast his point: “I’m buying commodities such as gold and here it is!”

I’ve heard Rogers say he is also owns oil and farm products in general also. He appears to like food growers in Canada. Apparantly Canada has more natural resources per capita then the USA. I hope this helps.

By: Mike

Mike — Tue, 06 Jan 2009 16:18:59 +0000

One additional thought…

For years Rogers has touted the Renminbi as a potential successor to the US dollar as the world’s reserve currency. Yet recently, when telling the world he intends to “sell US dollars”, he only mentions the Yen as a currency he would buy right now. Anyone hear any recent commentary on his thoughts on the renminbi?

By: Mark

Mark — Mon, 05 Jan 2009 03:47:42 +0000

I think he is often confronted with wallstreet guys and reporters and just wants to make a point with commodities — they are part of everyday life and cannot be dropped like shares and paper money… etc.

By: original_brown_man

original_brown_man — Mon, 05 Jan 2009 03:33:53 +0000

he’s literally showing you what he’s doing right now.
as stated above, when he was heavy into ag futures,
he was using sugar packets, now he’s getting more into
precious metals and futures, physical gold coins, etc,
and, as they are probably not regulated “by what his
lawyers say” [since it's just another type of currency]
he can buy a pocket full at every country or coin shop
he visits. oh, and since they say $10 or $20 or $50
on each coin, imagine how many coins you can take
across borders without having to declare them.

note: at brokerage houses, gold is traded at the currency
desks, not the commodities desks.

By: Admin

Admin — Sun, 04 Jan 2009 21:03:55 +0000

I wonder the same thing on the gold coins. I know in an interview he carried small packages of sugar that he took from the backroom and he later said he thought sugar would be worth more. Maybe good luck charms?collector items?

By: Mike

Mike — Sun, 04 Jan 2009 20:57:50 +0000

Anyone care to comment on why Jim Rogers is carrying around gold coins? I have seen him whip out gold coins on several different interviews and wonder why. I know he is bullish on commodities and gold, as I am as well, but he has for the past 20 years saying that there are other commodities that will perform much better than gold – specifically Ags and other metals like silver, zinc and lead….

Just trying to get some other thoughts on this…