Jim Rogers- Except for Gold Commodities Still Depressed - CNBC 0 1/18/2010

[abhi5a]

Also, Jim Rogers is one of those people who are brutally frank in the things they say... He doesn't really care much for the person he speaks to, its only him & his opinions.

[abhi5a]

holy shit... the interviews have no confidence in themselves. I think their scared talking to Jim...lol

[lnfiniteKnowledge]

OMG are you fucking serious?

These two don't know what the hell they're talking about! How the hell do these people become journalists? WTF is going on?

[iezzzwan]

stupid commentators probably dont even know what they are asking

[bigart1993]

Wow, the female reporter must be very LAME in bed. Bet she just lays there like a dead fish baked in curry!

[526Nitin]

most pathetic set of commentators on any financial media probabaly anywhere.. Nitin

[AntiPsychopath]

@526Nitin Watch the girl....she goes "mm" ...its hilarious.

[ErikNikolai]

I much preferred the Asian host that started singing "Goldfinger" to Jim.

[fazholio]

lifeless interviewrs LOL

[jayangli]

why do these interviewers seem to have no personality.. and the accent sucks. sorry

[MikeMotes]

they're teleprompted

[throwerofturds]

@jayangli

the accent sucks ??? thats because they are from someplace else in the world Bubba .

[jayangli]

so wot

[gli96187]

Jim is being Jim, he is being both aloof and ambiguous answers. Rogers is being practical in these rounds of investment when in investing in commodities. Because regardless what the economic conditions are you will need need oil, steel, agricultural products, and base minerals. So in the long run he is making money in both the up and the down turn. Smart Man you have to give credit where credit is due.

[partyhouse88]

worst interviewers ever

[rahulrathan]

I double that... most incognizant interviewers ever , they were both overwhelmed by 'sir' Jims foresight was look shocked & stuck to bookish questions they already had. lol

[witthoeftaish]

The movie I like is - Cast AwaySuch a good performance from Tom Hanks... Really very nice movie it gave me the different experience... The film shows that every human can prove themselves when they are in edge life...Thank you I got this free FULL LENGTH MOVIES HERE: -->->->-> freemoviebonanza . cOM

[Thrice13]

Lmfao at these commentators. These poor bastards have no idea what is going on. Rogers nails it again!

[reginald58]

why so little info about the fake gold bars china received in october 2009, from fort knox and the bank of england ???

[planetcave]

Up to his old tricks using terms like "known reserves" and "printing more money". Look, Jim owns contracts to acquire a commodity at a future date and never takes physical possession of that particular commodity. If the world economy contracts, then less commodities will be used.

[itswritenow]

Oh my gosh, poor Jim Rogers that was like being interviewed by deaf robots. I had a similar experience with Indian tech support, they just ignore everything you say and read from the script. JIm was very good natured considering the rude twits incapable of actually conducting a real interview.

[jayangli]

total agree, they had no personality stupid asses

[pupadhye75]

mukhrajee don't be ambigous... be precise..atleast abt commodity when u speak to Jim Rogers

[edmondublianda]

very informative..thanks for uploading.. I love being informed by 1 of the best global investor of our time

[Griff10silver]

Jim, seems so irritated by these questions. Good stuff JR

[Dyhalto10]

Poor Indians. Jim smashed the guy like a cheap vase, and the girl seemed to have lost interest by the end, blatantly reading off a teleprompter.

[Prophet3216]

When Jim talks about inflation he is talking about 1. Inflation caused by currency devaluation.

Imagine if the USD only bought 0.10c Aussie. What would the cost of wheat be in the US? Commodity inflation in USD? Only the rich could afford to eat.

If you are taking commodity positions it is wise to hedge your exchange risk because although commodities could go up 4 fold+ the USD could devalue by 75% hence no cap gain.

[MEXBOL]

and when schiff talks about inflation it is the increase in the money supply; I al trying to understand why if the money being created is not being spent on a smaller supply of commodities or consumer goods but being used to buy toxic assets, will it mean we will higher prices for commodities or consumer goods,food etc

[sapforuandme]

MEXBOL has a point on the velocity of money in consumer hands right now. More deflationary from our view point (house, cars and other junk) but the real inflation is on food and other esentials. I think the Administration will print enough money when "cost push" inflation hits hard, that it will reach us the consumers.

[caisediab]

Again, you folks in the general public are being fooled by big money. The USD goes up or down relative to other currencies and right now it is in the beginnings of a multiyear bull market against the others. Why? Cause fundamentally the growth of Europe is far slower than the US and European govts are printing money faster than Bernake. Technically, everyone is short the dollar. There is no one left to sell, so its gonna take two years just to flush out these shorts. Rogers is buying USD

[pilotl1011]

@caisediab and you are not from the general public?? Jim bought USD for a short term bounce only. The Euro and British Pound are as bad as the USD. The best currencies to be in for the long term are 1. Canadian Dollar 2. Norwegian Kroner 3. Australian Dollar 4. Swiss Franc .

[caisediab]

@pilotl1011 Four months later and the dollar continues to be bullish, while the resource currencies are getting clubbed. I agree with you in the long run, though. I'd rather be holding Canadian dollars in 2020 than US Dollars

[Prophet3216]

Mexbol when Jim talks about inflation there are 2 types of inflation. 1. Infaltion caused by currency Devaluation & 2. Inflation caused by dollars hitting consumers pockets.

[Elbottoo]

Those amateuristic journalists with low self esteem got blasted for their mistake. lol humiliated on national tv (and then on youtube and the internet) for not knowing what they were saying. Ouch.

The fact is that guy doesnt have a clue and got his smirk wiped off his face. Notice how quiet he was when Jim blasted him and how that lady had to take over from him for 2 minutes.

[MEXBOL]

I understand that but is this printedd money actually going out into the real economy;the creation of money by the fed was to buy toxic assets from banks right? if this money has already been spent on toxic assets and not consumer goods how can the overall supply in the economy increase?

[PrivateLessonsXXX]

The reason why commodities is the place to be is because central banks around the world are printing so much money. In history printing money has led to inflastion. You cant print commodities such as oil,silver, gold raw material, ect

[MEXBOL]

please explain why is it that "commodities will be a good place to be because they 're printing so much money all over the world..."

[sapforuandme]

For most commodities, especially hard commodities (non renewable), the more money that is printed in the world, the more dollars chasing few remaing commodities as they are being used up (more dollars chasing few commodities is true inflation).

[Prophet3216]

@MEXBOL

iii

[OpieJohansen]

I consider myself a novice in these matters, but if we enter excessive inflation (or worse hyperinflation) the buying power of the dollar plummets yielding worthless paper, thus commodities will actually be something that holds real value---ie.) The Chinese government would not buy U.S. dollars, but they would stockpile gold reserves, then they would have that amount of Real wealth, while we would have trillions of worthless dollars ready to be wallpapered! :( If I'm off the mark, please reply.

[MEXBOL]

reads as though you are more tahn a novice,but i am afraid I still do not understand

[OpieJohansen]

I look at this way: due to shortages (just due to limited resources on the planet), commodities are sure be profitable for the long haul---if however, economies start to have their currencies tank due to inflation, then the only thing that will have real value will be things that people can use (things people need), commodities.

It's kind of like that line in Schindler's list where Itzhak Stern tells Schindler, "...the worst things get; the better you'll do." The market can be brutal :(

[MEXBOL]

i understand the limited resources means higher prices arguement but does he mean that so much money will be printed that there will be an over supply that will increase compared to commodity supply causing prices to rise?ie too much money chase too few goods?

[Zwikster]

These Indians spent too much time working in CALL CENTRES!! they sound like

robots!!!!

[bsimpson505]

@Zwikster Better then a bunch of screaming talking heads :)

[winner502]

no bubble in that world

do you mean the real world

boy i love these suit and tie guys

give a man a suite he ll sell you a bridge

[dogsdanglies]

Those presenters are like robots, and have no clue if the interview strays away from the autocue. Still better than the mugs of European CNBC though...

[goldhunting]

Jim drinks tea.

[PrivateLessonsXXX]

There is no bubble. I cant wait till we see panic in the food market. Buy the Jim Rogers agricultual fund. RJA is the ticker symbol.

[prickett233]

its funny how the news presenter are clueless as they couldn't answer jim's question about what commodity was in a bubble.

[solomonred1]

It looks like Jim invested in a new set of teeth.

[nyznicca]

lol @ the indian guy's accent!

[JurkoffJay]

OMG! that indian girl is hot. I'll marry her and lover her for the rest of my life. I'll rub her feet, and eat her.... Never mind.

[RightBrainSane]

thanks jim we love ya!

[lindabebe835]

Jim, You the Man.