Jim Rogers on Gold Seek Radio 30 June 2009

[whereismybailouttv]

Snow in the Middle East. And there's NO SUCH THING as global warming.

[cmegroup23]

Jim Head and Shoulders top ES Daily break of 876 lookin to tumple to 840-830, 800, 760-740. I would be selling commodities in the moment bc the dx is going to rally and stocks and commodities are going to tank. Short CL@70 Long oct 18 calls on ung@95

[pmarie2003]

I've taken my 401K contributions and mutual fund contributions to the rock bottom. I'm buying investment grade PMs with the extra money every 2 weeks--like dollar cost averaging. People think I'm crazy, but we'll see! I'm saving money like I'm living in the 3d world at my house. I check the commodities market every day....

[daniel987878]

Be careful gold might go to 300USD when deflation sets in. Cash should be better to invest unless the banking system goes worse.

[pmarie2003]

I wish it would. I'd buy it by the shovel load then sit on it.

[crabtrap]

WOW you must be a retard! invest in cash? gold going to 300? you need a serious education on economics and boom/bust cycles

[daniel987878]

We'll see.

[crabtrap]

yup

[stumbo2w]

Lol, well see.

[daniel987878]

Im not trying to be arrogant but when deflation sets in which I rekon it will I think gold is gonna get hammered.

[stumbo2w]

if there are any signs of deflation Bernanke is going to fire up the printing press as fast as he can, if the cycle was natural then yes deflation is possible, however we are headed more towards heavy inflation.

[jarden69]

I'm hearing more and more of this. I just ahev this ominous feeling that when we started hearing all the Gold companies advertising lefta and right, it was too late at that point. How is Gold not a Bubble, just like ANY other assets class that get's run up like it did?

[daniel987878]

I'm betting gold declines significantly. The timing and price trajectory is more complicated though. Gold could rise for a while to like 1200 or similar if problems expand (terror, conflict, etc). But IMO it is in a long term bear market begining about now or 12/18 months from now.

[Alucardthedeadone]

if it goes down with this market in the next 12 to 18 months that will be the start of the levle2 of the bull market.

[drewmandan]

Gold isn't for speculating; it's for preserving your wealth. Now, keeping fiat currency in a bank, that IS speculation.

[jarden69]

Good Point.

I just have this ominous feeling that a LOT of people who rushed out to buy Gold (Late in my opinion...after it shot up to $900 after being at $300) are going to get hurt at some point. No one knows the future, and it IS possible that gold could fall considerably. The amateur economists on here who think they are now Austrian will probably laugh at me...but we shall see.

[drewmandan]

Gold will only fall on a time horizon of months. It will always rise compared to any fiat currency on the scale of years. But yes, people should diversify to other commodities to shield themselves from risk. Silver is a good investment, as is oil (or more likely, an oil index), as well as investing in companies that operate in the healthiest parts of the world, which at this moment would be China and SE Asia.

[Alucardthedeadone]

well because golds vale can never go to 0, unlike shares. also gold is good both up and down.

[Rationalific]

@pmarie2003: I think that's a smart thing to do. Like you, I save money in order to buy real money that will appreciate in the future. I've only recently started, but it's better than nothing. I'm making up for lost time by bringing my living standards down, too...like a squirrel foregoing nuts now to bury them for the winter instead.

I checked out your channel, and it turns out that we're both heathens, too. Good luck with everyting!

[pmarie2003]

Rationalific: Check those prices now! I might be buying more soon. I'm looking at gold too for diversification. I may be living cheap, but I still have some fun--horses, eating out once/week, but I've cut back A LOT. The worst thing that can go wrong is I have more paper to exchange for real money.

Heathens...yes, because we actually THINK. Let the believers pray when inflation is spiking and the food lines start. You know how well that will work.

[Rationalific]

@pmarie2003: Yeah... You know, buying precious metals has been the most stress-free investing I've ever done. When the price goes up, I say, "Yeah! That's great! I'm making money!" and when the price goes down, I say, "Yeah! That's great! I can buy more for cheaper!" Actually, I find myself wishing that prices will stay low...

[pmarie2003]

Rationalific, You are right! No pouring over a prospectus, no comparison charts, no hand wringing, no large initial investment.... I't's 4:30 a.m. and I just checked the markets. Maybe I need to slow down! ;-)

[gtele5hev]

Jim sounds like out of breath? Maybe because he's on a treadmill, not the first time when he's on the radio show that he's practicing at the same time :)

[JessicaBelle81]

Inflation is an increase in the monetary base. If the gov't wasn't inflating so much now then prices would be falling making the cost of living easier on everyone especially the poor.

[SilencerRPMs]

Amen. The poor are the ones who are really getting screwed during this time. If the government wasn't trying to re-inflate the housing bubble it would still be more affordable but the government is making the same mistakes again.

[wrb0018]

rogers is the most educated economst in the world shut the fuck up dogging what he says u are a dumb fucki

ng ass

[JOConnor100]

Jim Rogers is like a broken record.

[Ishpeck]

S'cause he conforms to the facts -- that don't change like fashion and entertainment preferences.

[nathanwilefrazier]

That's because his predictions are 5 to 15 years early and there's rarely a reason to change them...

[campeona5]

Wake up muppet!

[manque15]

Jim doesnt sound well, he sounds like hes out of breath?

[prickett233]

there is an interview with him where he also sounds out of breathe, it was because he was doing the interview on the phone at the same time he was pedaling on an exercise bike!

[KevZen2000]

With the cap n trade, and carbon tax energy prices will sky rocket.

[chop98]

Take the money you know you waste and buy gold and silver while the two are still relatively cheap. It will be your time to come out ahead whether it be with a new world currency or a rebounding dollar in a few years. You can't own enough of it.

[campeona5]

Screw the sheeple, we gave them a chance...now fcuk them...In silver we trust!

[jarden69]

I'd like to buy some Silver for my very first time. Could you give me some advice on what exactly to buy? Thank you

[Ubreako]

search for vision victory videos

[pmarie2003]

Jarden69, I'm NOT an expert, and I'm a newbie to this, but I've been dealing with APMEX. I'm very happy with their service.

Do a search for "investment silver" and do your homework first. Beware of deals on Ebay, etc.. I saw a forum the other day where some guy got a "good deal" and it was apparently fake coins.