On the mark 1:54 in the video he was holding the 100 francs 15 ecus silver ALHAMBRA from 1995.
towards the end of the video there were the three boxes on the table the most right one had on the reverse the 1994 Place Saint Marc 100 francs 15 euro and not ecus.
I think it is not too late to buy those so i went ahead and bought them. If it was good for Jim to buy them 10 years ago it is still darn good for me to buy them now.
this gay jim rogers rules and kicks ass, 10 years ago he said this, unbelievable, has more credit then all central bankers on the planet including their wives!...
On the mark 1:54 in the video he was holding the 100 francs 15 ecus silver ALHAMBRA from 1995.
towards the end of the video there were the three boxes on the table the most right one had on the reverse the 1994 Place Saint Marc 100 francs 15 euro and not ecus.
I think it is not too late to buy those so i went ahead and bought them. If it was good for Jim to buy them 10 years ago it is still darn good for me to buy them now.
Greece, for one example, has FAKED their numbers sooo much so the Euro is starting its decay.. So many EMU-nations are so in debt right now so they probably going to monetize it, Euro will die, and the dollar too of course.
it appears that way but since 2000 both the dollar and the euro have been like like opposite ends of a teeter totter both devaluing relative to gold. Jim was right but as two currencies are racing to the bottom trading off against each other prediction of the end game can be deceiving.
Now the euro is getting beat up against the dollar but the dollar is in trouble.
Unsustainable debt will take them both down unless the debt is retired in some fashion other than depreciation.
I don't think Jim meant that the Euro will fail as in collapse, I think he meant it in the sense that everything will be much more expensive - which is exactly what happened. In some cases the price of food quadrupled, in Italy, Greece, France and Spain especially.
I think in a joint interview with Faber and the head of unilver, he clearly stated that it would cease to exist. Hence, why he's buying euros in this video - they were to be the relic of a failed monetary system.
Yeah it will fail of course, look at my comment about Greece. But I don't think Jim Rogers was talking about mere 10 years, although it will fail in the coming years and has already failed compared to the expectations of that time.
Look at the horrible demographics and level of debt of Japan (which is nearly 200% of gdp and a currency which Rogers persistently backs) and why is there no run on the Yen or Japanese bonds?
The only way I could see the Euro failing is if France and Germany's economy were to collapse. Plus, there's no currency in the world really left to rely upon (including the rmb) hence the US dollar and Euro will remain.
Yes, but it doesn't help when: just about every nations is not an exporter of gold/ silver or precious metals; and also because there's still not enough precious metals to back the currencies of all large industrialized nations. If you scraped (and repriced) whatever precious metal you can get for an international monetary system, within a year or two the emerging economies would cause a chronic shortage in gold/ silver etc again.
@historyboy12 there can't be shortage of gold under gold standard. Price will go higher. All gold above ground is about 5 trillion dollars. World GDP is 50 trillion dollars. So price of gold will rise 10 times to compensate lack of liquidity under gold standard.
Why do you think the gold/silver standard was dropped and fracional reserve banking emerged? All one major country can to do was to hoard the gold to break the system down.
No chance of a gold standard remerging. thank goodness.
Yep. There probably won't be hyperinflation, but there will be huge deflation in terms of gold when foreign countries will drop their dollar reserves.
"Why do you think the gold/silver standard was dropped and fracional reserve banking emerged?" Because bankers wanted it so they could buy gold for very low price.
"No chance of a gold standard remerging." google "Gold for bread" it can be remerged easily after fiat monetary system collapse
How you compare zimbabwe with the us is still beyond me. The day the yen collapses then maybe i'll be slight concerned. Also zimbabwe accepts us dollars.
And did you mean depreciation of the currency? There's no such thing as deflation of a currency. And no, the us dollar will remain as the dominant (not sole) reserve currency due to opportunity cost. Look at Japan: it's debt to gdp is 200% and there's still no run on the Yen and Japanese debt.
"How you compare zimbabwe with the us is still beyond me." Monetary systems are similar.
"Also zimbabwe accepts us dollars." Did you watch video? They accept gold only.
"And no, the us dollar will remain as the dominant (not sole) reserve currency due to opportunity cost." I doubt that. US economy has too many problems.
'Monetary systems are similar' - Japan between 1998-2003 doubled its monetary base - effects? disinflation and deflation. No comparison. Zimbabwe have no derivative leakages within their financial sector.
'US economy has too many problems' - So does china, japan, the uk, Germany, Framce etc.
'Did you watch video' - Do you expect an LSE and ivy league student watch a video like that to get his information? type us dollar and zimbabwe on google.
There were no international bankers concerning the qing dynasty (silver standard). And the UK dropped the gold standard to address its liquidity crises.
"Look at Japan: it's debt to gdp is 200% and there's still no run on the Yen and Japanese debt."
90% of government debt is owned by japanese people. US debt to foreigners is 10 times bigger than Japan's debt. Japanese people have very high savings rate. Total US debt(public+private) is about 100 trillion dollars, 800% of GDP.
"And the UK dropped the gold standard to address its liquidity crises." There can't be liquidity crises under gold standard. Gold price just rises to compensate it.
@dimaniak - Japan's savings rate is around 3%. It used to have a high savings rate. And also Japan's total debt is 460%+ of GDP (korea's is 375% and UK's 450%+), the USA's is around 370%, although gold bug, hyperinflation and fox news cite figures between 400-800%.
Also Japan's population and working population is declining rapidly. No good depending on your own citizens in this situation.
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On the mark 1:54 in the video he was holding the 100 francs 15 ecus silver ALHAMBRA from 1995.
towards the end of the video there were the three boxes on the table the most right one had on the reverse the 1994 Place Saint Marc 100 francs 15 euro and not ecus.
I think it is not too late to buy those so i went ahead and bought them. If it was good for Jim to buy them 10 years ago it is still darn good for me to buy them now.
alsharabi1 1 year ago
this gay jim rogers rules and kicks ass, 10 years ago he said this, unbelievable, has more credit then all central bankers on the planet including their wives!...
peterrehak1 2 years ago 3
schengen criteria? wtf? :))
peterrehak1 2 years ago
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On the mark 1:54 in the video he was holding the 100 francs 15 ecus silver ALHAMBRA from 1995.
towards the end of the video there were the three boxes on the table the most right one had on the reverse the 1994 Place Saint Marc 100 francs 15 euro and not ecus.
I think it is not too late to buy those so i went ahead and bought them. If it was good for Jim to buy them 10 years ago it is still darn good for me to buy them now.
alsharabi1 2 years ago
Comment removed
alsharabi1 2 years ago
who is this total bozo Jim is speaking to?
fazholio 2 years ago
will a cois such as these pay off a mortgage if the euro fails?? I don't think so...
Sharzad6 2 years ago
clueless much?
Have you looked at the price of precious metals as of late?
What do you think they will resemble in 5 or even 10 years?
doobsta 2 years ago
that's not Jim Rogers.
he looks younger and slimmer wtf?
jellybean2626 2 years ago
@jellybean2626 It's Jim Rogers ten years ago, on the future of the euro
VPROBacklight 2 years ago 3
@VPROBacklight
haha silly me.
I went looking for those coins after watching this and couldn't find them ....
lol
Thanks for that
jellybean2626 2 years ago
it is the 100 franc 15 euro silver coin
alsharabi1 2 years ago
thank you
jellybean2626 2 years ago
He is right on the money knowing today the turmoil of the euro zone and compare it to what he said 10 years ago...what a guy!!!!
alsharabi1 2 years ago 2
where did you buy these euro jim?
tloyou 2 years ago
Anyone know what kind of coins Jimmy's buying? Link?
helpendthefed 2 years ago
Is that silver bullion Jim Rogers is holding ?
snorlexer1 2 years ago
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------All fiat currencies eventually fail - fact.
You can compare a pile of Moose $hit to a pile of Dog $hit but at the end of the day its still $hit.
smokinranger8 2 years ago
HAHA Jim Rogers IS A GENIOUS!!!
Greece, for one example, has FAKED their numbers sooo much so the Euro is starting its decay.. So many EMU-nations are so in debt right now so they probably going to monetize it, Euro will die, and the dollar too of course.
clarkcolt45 2 years ago
This comment has received too many negative votes show
Both were wrong on their analysis, but the Euro survived, and continues to be the only viable alternative to the us dollar.
historyboy12 2 years ago
it appears that way but since 2000 both the dollar and the euro have been like like opposite ends of a teeter totter both devaluing relative to gold. Jim was right but as two currencies are racing to the bottom trading off against each other prediction of the end game can be deceiving.
Now the euro is getting beat up against the dollar but the dollar is in trouble.
Unsustainable debt will take them both down unless the debt is retired in some fashion other than depreciation.
kanechi100 2 years ago 2
I don't think Jim meant that the Euro will fail as in collapse, I think he meant it in the sense that everything will be much more expensive - which is exactly what happened. In some cases the price of food quadrupled, in Italy, Greece, France and Spain especially.
VeritasIncrebresco 2 years ago 2
I think in a joint interview with Faber and the head of unilver, he clearly stated that it would cease to exist. Hence, why he's buying euros in this video - they were to be the relic of a failed monetary system.
historyboy12 2 years ago
Yeah it will fail of course, look at my comment about Greece. But I don't think Jim Rogers was talking about mere 10 years, although it will fail in the coming years and has already failed compared to the expectations of that time.
clarkcolt45 2 years ago
Look at the horrible demographics and level of debt of Japan (which is nearly 200% of gdp and a currency which Rogers persistently backs) and why is there no run on the Yen or Japanese bonds?
The only way I could see the Euro failing is if France and Germany's economy were to collapse. Plus, there's no currency in the world really left to rely upon (including the rmb) hence the US dollar and Euro will remain.
historyboy12 2 years ago
That is my point - the currency is the problem. &The best thing to do is to let gold/silver/platinum and palladium compete with this paper.
smokinranger8 2 years ago
All fiat currencies eventually fail - fact.
You can compare a pile of Moose $hit to a pile of Dog $hit but at the end of the day its still $hit.
smokinranger8 2 years ago
All commodity backed currencies fail first. fact.
historyboy12 2 years ago
ever heard about krugerrands?
dimaniak 2 years ago
Yes, but it doesn't help when: just about every nations is not an exporter of gold/ silver or precious metals; and also because there's still not enough precious metals to back the currencies of all large industrialized nations. If you scraped (and repriced) whatever precious metal you can get for an international monetary system, within a year or two the emerging economies would cause a chronic shortage in gold/ silver etc again.
historyboy12 2 years ago
@historyboy12 there can't be shortage of gold under gold standard. Price will go higher. All gold above ground is about 5 trillion dollars. World GDP is 50 trillion dollars. So price of gold will rise 10 times to compensate lack of liquidity under gold standard.
dimaniak 2 years ago
Why do you think the gold/silver standard was dropped and fracional reserve banking emerged? All one major country can to do was to hoard the gold to break the system down.
No chance of a gold standard remerging. thank goodness.
historyboy12 2 years ago
Let me guess you are one of those 'there's going to be hyperinflation' and 'buy gold!' people?
historyboy12 2 years ago
Yep. There probably won't be hyperinflation, but there will be huge deflation in terms of gold when foreign countries will drop their dollar reserves.
dimaniak 2 years ago
"Why do you think the gold/silver standard was dropped and fracional reserve banking emerged?" Because bankers wanted it so they could buy gold for very low price.
"No chance of a gold standard remerging." google "Gold for bread" it can be remerged easily after fiat monetary system collapse
dimaniak 2 years ago
How you compare zimbabwe with the us is still beyond me. The day the yen collapses then maybe i'll be slight concerned. Also zimbabwe accepts us dollars.
And did you mean depreciation of the currency? There's no such thing as deflation of a currency. And no, the us dollar will remain as the dominant (not sole) reserve currency due to opportunity cost. Look at Japan: it's debt to gdp is 200% and there's still no run on the Yen and Japanese debt.
historyboy12 2 years ago
"How you compare zimbabwe with the us is still beyond me." Monetary systems are similar.
"Also zimbabwe accepts us dollars." Did you watch video? They accept gold only.
"And no, the us dollar will remain as the dominant (not sole) reserve currency due to opportunity cost." I doubt that. US economy has too many problems.
dimaniak 2 years ago
'Monetary systems are similar' - Japan between 1998-2003 doubled its monetary base - effects? disinflation and deflation. No comparison. Zimbabwe have no derivative leakages within their financial sector.
'US economy has too many problems' - So does china, japan, the uk, Germany, Framce etc.
'Did you watch video' - Do you expect an LSE and ivy league student watch a video like that to get his information? type us dollar and zimbabwe on google.
historyboy12 2 years ago
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"Japan between 1998-2003 doubled its monetary base" M1 almost trippled since bailouts(from 800 billions to 2.2 trillions)
" So does china, japan, the uk, Germany, Framce etc." China doesn't have any serious problems.
dimaniak 2 years ago
There were no international bankers concerning the qing dynasty (silver standard). And the UK dropped the gold standard to address its liquidity crises.
historyboy12 2 years ago
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"Look at Japan: it's debt to gdp is 200% and there's still no run on the Yen and Japanese debt."
90% of government debt is owned by japanese people. US debt to foreigners is 10 times bigger than Japan's debt. Japanese people have very high savings rate. Total US debt(public+private) is about 100 trillion dollars, 800% of GDP.
"And the UK dropped the gold standard to address its liquidity crises." There can't be liquidity crises under gold standard. Gold price just rises to compensate it.
dimaniak 2 years ago
@dimaniak - Japan's savings rate is around 3%. It used to have a high savings rate. And also Japan's total debt is 460%+ of GDP (korea's is 375% and UK's 450%+), the USA's is around 370%, although gold bug, hyperinflation and fox news cite figures between 400-800%.
Also Japan's population and working population is declining rapidly. No good depending on your own citizens in this situation.
historyboy12 2 years ago