With a cool down in China, Jim Rogers is looking around the globe for areas of growth. One of the countries he is looking at is Russia and it’s abundant natural resources including natural gas and oil. Russia currently is in a fight with the U.S. to stay as the largest natural gas producer in the world and currently has the 8th largest oil reserves in the world. As stated in the interview with RT (which stands for Russia Today) Jim Rogers has been a big bear on Russia and its economy due in large part to corruption and its unwillingness to open up to foreign investment. But something has changed in the last couple of months that has Jim Rogers optimistic about the Eurosian country. Among those positive changes are structural reforms in the way it does business.
At the moment Jim Rogers does not have any investments in Russia but is looking for opportunities such at equities or possibly its currency. At the same time, Jim is more opportunist about China but is bullish on both. Keep in mind, Russia has many of the natural resources that China needs such as oil. Finally, Jim mentions he continues to be bullish on agriculture whether it be stocks, commodities or investing in companies that develop farms.
Other topics covered in this 20+ minute interview is the possibility of a U.S. fiscal cliff, emerging markets, Asia. Around the 15th minute Jim Rogers mentions some of the reasons why he was bearish on Russia and avoided the Kremlin economy for half a century.
31. October 2012 at 10:09 pm
Jim has it correct! What if he could move Chinese food PEOPLE to Russia & russian comodties to China or a little of both in each. Chinese clothed and fed Pharo appx 5,500 years ago!!!!!!!!!!!!!! MONEY=PEOPLE; PEOPLE=MONEY?????????????
7. November 2012 at 7:01 pm
Jim is right on targets – Russia and China.
Both had experienced the extreme left ideology
but now already striking towards the right.
The vast stretch of space on the northern portion
of China between longitude 40 to 60 (with climate
not to remote as that of EU regions could provide
whatever China needed -food energy, space, etc.
Jim would create wealth from Russia and China ,
profit/potential from both countries.
Jim would be the coordinator cum investor for both
of them.
Friends, keep Jim in close watch and follow him
Jim would appreciate your sharing of your scheme.
Please do send to this topic :
“Jim/Laussen-China-Russia Bond”
via this email laussen@gmail.com
Thanks.
All the best
laussen
Singapore