Jim Rogers: They're Printing So Much Money That Stocks Will Go To 30,000
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Uploaded by hyperstagflation on Jun 4, 2009
Thu, 4 Jun 2009
Jim Rogers, legendary investor and Chairman of Rogers Holdings, joins the hosts of CNBC's Power Lunch to discuss whether hyperinflation will occur in the stock market and if there is a global currency crisis ahead.
"They're printing so much money that I would not be short. I have no shorts. In most of my life, I've always had a short of 2, or 3, or 16... because I'm afraid they're printing so much money that stocks will go to 20,000 or 30,000. Of course it will be in worthless money, but it could happen," says Rogers. Not surprisingly, he recommends investing in commodities or "hard assets", rather than stocks. Rogers also expressed a preference for silver over gold.
As to whether foreign creditor nations will dare to dump U.S. Treasuries, Rogers responds, "... but they can [simply just] stop buying [U.S. Treasury securities], if nothing else. And I would suspect, that somewhere along the line, somebody, whether it is the South Koreans, or the Chinese, or the Russians, somebody's going to say 'I'm going to start selling mine before everybody else does.' And that's when you have a currency crisis."
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Singapore = City - State?
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he owned silver then.
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@porkypine745 Thanks for pointing out, how silly! Maybe it is typical Japanese spelling, but just FYI - I am not Japanese, ouch...
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@dragonbut Classic Jap spelling. It is called Singapore. Haha whats up!
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The Jim Rogers' Agricultural Commodities Bet hypothesis can be examined easily enough.
If per capita economic quantities of buying power is increasing in the hungry world faster than per capita yield of arable land output, then ag commodities must go up. If this is not happening, then Jim's bet is wrong.
However, once the hungry world joins the satiated world with respect to per capita food consumption, the once-hungry world shall begin to buy "luxury" goods.
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this is an old video....just hoping because some guy posted it now. could really fool someone.
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lolol, were not all that stupid!!!
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singapore is the new switzerland (secret bank accounts)
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"you moved to China right" "No I moved to Signapore"
Classic American geographic knowledge
dragonbut 2 years ago 6
thats an insane bowtie
EnnesX 2 years ago 4