Jim Rogers tips for survival, during these tumultuous times, were discussed in his recent interview.
Jim Rogers, a billionaire investor wrote a book entitled, “Hot Commodities: How Anyone Can Invest Profitably In The World’s Best Market.”
Jim Rogers is known for co-founding the Quantum Fund with George Soros, which achieved Stella returns of 4200% over a decade, by contrast, the S&P advanced about 47% during the same period.
“Jim Rogers is known for co-founding the Quantum Fund with George Soros, which achieved Stella returns of 4200% over a decade, by contrast, the S&P advanced about 47% during the same period”
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One of Jim Rogers tips for survival and protecting your wealth from the coming debasement of currencies, monetary inflation, is by investing in commodities
“People have been ignoring commodities” said Jim Rogers.
“But don’t worry they will be back, especially if we keep printing money the way we have been printing and especially if economies keep collapsing nobody can go to work, that cuts demand. But it also eventually cuts supply” he added.
Indeed, the Fed’s skyrocketing money supply M2 has increased by a staggering and unprecedented 3.4 trillion USD from January to September 2020, and that could be why the world’s reserve currency, the USD is surrendering value, particularly when measured against precious metals. The US Dollar Index is near its 52 weeks low at 93.17.
“People have been ignoring commodities”
But other central banks are also in cahoots with the Fed’s currency creation, they too are creating currency in the pandemic debt era. In other words, currencies are not holding their value compared with precious metals because of monetary inflation.
For every ounce of gold created, there have been $4 million US dollars added to the money supply, and that is without even Universal Basic Income being implemented.
“We are starting to have another move into gold. I started buying gold in the last summer of 2019, and this is going to go on for a while” – Jim Rogers
Jim Rogers tips for survival in the coming monetary inflation is to seek refuge in commodities, particularly precious metals
“We are starting to have another move into gold. I started buying gold in the last summer of 2019, and this is going to go on for a while” said Jim Rogers.
“You have to have heavyweights come in to keep the move going and a lot of new people” added Jim Rogers. But also keep in mind that owning an asset rigged to the downside is also a risk.
Perhaps industrials with governments green agenda, carbon-free movement of people and goods might be a more profitable way of protecting and growing wealth in the coming monetary inflation. If the central banks’ policy is to spur productive investment and stimulate employment, then at least these assets are least likely to be rigged to the downside.
Jim Rogers tips for survival are to buy inflation hedges when they are cheap
“Most people like to buy when they see it moving upwards, it is not the way you should invest, buy low” said Jim Rogers.
Jim Rogers created the International Commodities Index (RICI), which tracks 38 commodity futures contracts from 13 international exchanges. Moreover, because the index has had very few changes since 1996, it is considered by commodity investors as being a reliable gauge.
Jim Rogers tips for survival are that investors should keep informed, and he recommends that people should learn about gold and silver
“Precious metals could go into a period of mania” said Jim Rogers.
“I hope not, because I do not want to have to sell my gold and silver” he said.
“I am astounded how a few people are aware what is happening, the US is the largest debtor in the world by many factors, and we keep adding staggering amounts of money to our debt” said Jim Rogers.
“I am shocked about how much little people know and understand about money and about investing” – Jim Rogers
The US National Debt has now reached a milestone 27 trillion USD, according to the US Debt Clock. Moreover, that is without the growing public demand for Universal Basic Income, bearing factored into the equation
“This has always ended badly” warned Jim Rogers.
It is not just the US, the Japanese Head of the Bank of Japan goes to work every morning early, cranks up the printing press and prints unlimited amounts of money and buys stocks and bonds and ETF” said Jim Rogers. “It is going to end very badly when it ends” he added.
Jim Rogers tips for survival are to learn about money and investing
“I am shocked about how much little people know and understand about money and about investing” he said.
With the US presidential elections scheduled for November 3, Jim Rogers believes the politicians in Washington will do and say whatever than can to get reelected. “Politicians and central bankers are doing their best to keep this madness going,” he said.
Jim Rogers acknowledges that he adds a small amount of gold and silver to his precious metals portfolio. “I am not jumping in with both feet by any stretch of the imagination” he said.
Jim Rogers frets about the debt. “What are we going to do with all this debt” he said.
Jim Rogers notes the changes going on in the world.
“There is a lot of empty office space it is not just temporary anymore a lot of shops, many restaurants are bordered up and many more of them are not coming back. So, there are changes taking place in the world. Anytime there is a crisis, it changes people’s minds in terms of different ways of doing new things” he said. “So, people are moving, so it is causing a lot of movement” he added.
Jim Rogers tips for survival are to look for change if you see it reflect, research, and act
“I suspect eventually we are going to have a very bad bear market and a very bad economy” he said. Jim Rogers thinks the next bear market will be the worst in his life.
Jim Rogers cites the huge debt as being problematic.
“Last three months alone America has added huge amounts of debt compared to other crises” he said.
“The most important thing I look for is change. You do not see it very often, but when you do, you should think, do research, and act” he said.