Tuesday, February 10, 2009

February 10, 2009

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I (Jim Rogers) sold all my sterling and would not buy any for the next 5, 10, 15 years, I periodically buy gold and expect it to be much higher in the future, I know we are going to have serious inflation, I took my money out of the UBS bank, I am still short the investment banks in the US, the fundamentals of commodities are improving


  1. That last bit he said on the first video about the IMF was very interesting! Anyone agrees with mr Rogers about the end of the IMF?

  2. that it should end or that it will end?
    I doubt jim rogers meant that it definitely will end. it'll become under pressure, because after countries have bailed out entire banking systems, at least some smaller countries themselves will need a bailout, by the IMF.

    if the IMF ends up selling its gold or getting fresh money from its members states instread is something I don't think jim rogers can predict, but he considers the possibility. and in that scenario it's not an unlikely one, because at some point the central banks will deem high demand for gold a threat to monetary stability.

    I'd have liked to hear more from him about the JPY as I'm considering shorting it. (with my play money, nothing of the sort of rogers of course)