Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Saturday, April 22, 2017

JIM ROGERS -- The Safest Safe haven is Agriculture


JIM ROGERS - 06 Apr 2017 - Global Financial Turmoil Should #Trump Fail, Dollar Is Going Higher
Global Financial Turmoil Should #Trump Fail, Dollar Is Going Higher






Carolyn Herbert: Hello I’m Carolyn Herbert from the Finance News Network. I’m delighted to be joined from Singapore by renowned hedge fund investor and financial markets expert, Jim Rogers, to talk about what’s expected from global financial markets in 2017. Jim, welcome to FNN and thanks for joining us.

Jim Rogers: I’m delighted to be here Carolyn, I’m a fan. Carolyn Herbert: Thank you Jim. First up - global stock markets have rallied since the election of President Donald Trump in November 2016. So do you think this response is justified? Jim Rogers: Well Mr Trump has said a lot of good things and the central banks around the world have printed a lot of money. So if you put easy money and lots of money together with good promises. Sure it’s great – if he does what he says, the good things, we’re all going to have a wonderful time for a while.

 Carolyn Herbert: But Jim, you are positioning yourself for a ‘global financial meltdown’ should Mr Trump fail to fulfill his promises, so what is your timeframe there?

 Jim Rogers: Well it depends on Mr Trump, it could be today. He promised many, many times a 45 per cent tariff on China the first day, that he would name them a currency manipulator, and that he would have a trade war with Mexico, Japan and Korea. It has been two months and he hasn’t done any of these things. So you have to ask him, I don’t know, maybe he’s just a politician who says what he wants to and then does something else. Nobody has ever won a trade war, and they always end up disastrous for everybody and not just the people involved.

Carolyn Herbert: So in times of financial turmoil Jim, the US dollar and gold have traditionally been seen as ‘safe haven assets’ so are there any other commodities or sectors investors should be seriously considering?

Jim Rogers: Well, agriculture – if we are going to have chaos and disaster, being a farmer is one of the best things you can do. I own a lot of US dollars because I’m expecting problems. In the end, the safest safe haven is agriculture. Have a farm and learn how to be a farmer, but I don’t have a farm because I would not be a good farmer.

Carolyn Herbert: (laughs) Well as you say Jim, you hold a lot of the US dollar, so what is your outlook for the Greenback?










Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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