Investing In Korean Tourism

Learn about Korean tourism because it's going to be a gigantic business in the next few years. All of Asian tourism because now the Chinese can travel, they can get passports easily, they can take money out of the country. Asian tourism, especially Korean tourism you will be at the right place.

One-On-One With Jim Rogers

One-on-one with legendary investor, Jim Rogers, main presenter at ASEAN-KOREA Ceo's Summit. 

Video interview with Jim Rogers live from the 2019 ASEAN-Republic of Korea Commemorative Summit.

Video duration: 4:33m

Trump Wants The Stock Market To Go Higher!

Interesting interview with Jim Rickards on Kitco News.


Topics: 

- Trade war
- Trump wants the stock market to go higher and will do almost anything to accomplish that goal

Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), Nasdaq 100 Futures

Investing In China (video)

Dr. Steve Sjuggerud sits down with legendary investor Jim Rogers to chat about Investing into China.

Video duration: 1:09:13

Financial Markets Will Move To Asia

Chicago, they invented the Soybean futures contracts. But now, China uses more soybeans than anybody in the world and China now has a Soybean Futures Contract which is bigger than Chicago's but it's not open to the west yet, it's just for Chinese. All of this is going to change and the markets will move to Asia because it is what the consumption is and where much of the production is.

The Dangers of Owning Exchange Traded Funds

In a recent interview with MarketWatch.com warned retail investors about the dangers of owning Exchange Traded Funds (ETFs) through a bear market. You can read the full article here:Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market in a ‘lifetime’

Investing: Opportunities In Agriculture

Agriculture has been a disaster for 35 years or so. The average age of farmers in America is 58. More people in America study public relations and study agriculture. The highest rate of suicide in the UK is agriculture. 

In Japan, the average age of farmers is 68. Nobody becomes a farmer, you go to Japan now, there're huge stretches of land, they're just empty. They can't find anybody to farm them. Farmers have died, the kids have gone to Osaka. There's nobody to farm that land. If you want to be a former, go to Japan. You can get a lot of land cheap. That's true. 

Australia, Canada, all of these countries have very, very aged old farmers, men and women. It's millions of Indian farmers have committed suicide, as I'm sure you know. No, no, agriculture is a disaster. The Chinese have a word, you know the Chinese word weiji? It means disaster and opportunity are the same and they are. If you can survive the disaster, you're going to make a lot of money with the opportunity.

Markets: We Are Going To Have Problems Again

Latest Jim Rogers video interview from his home in Singapore.

Topics discussed:

• a new financial crisis
• Commodities
• Crypto currencies
• Agriculture

"We are going to have problems again, we have always had problems all over the world." - Jim Rogers

I Would Bet That Trump Will Be Reelected

I think it's very hard to dislodge a sitting president in America for many, many reasons. I would suspect that's the same to this time. Now, we got rid of Coolidge, and Hoover. We got rid of Hoover because the market collapsed but we don't have much time for that because the election is only, what, 13-14 months away now. 

If the market really collapses in the next 13 or 14 months, then I would change my view, but there are enough things he can do, which is why it's hard to get rid of sitting presidents. They'll prop things up long enough to get through the election. I would, if I were betting and I'm not a betting man, but if I were, I would bet that Trump will be reelected.

The Problem Is Brussels

It's not the European Union (EU), it's not the currency. It's those unelected, absurd bureaucrats who don't know what they're doing, but they tell you what to do, and you have to do it because you're a citizen. That's the problem!

Today's most interesting read: From Peter Schiff's blog, Capitalism Is Failing In Hollywood.

Equities: What To Buy?

It's hard for me to find places to buy now. I don't own any US stocks, they are near an all-time highs. If I buy anything, it's Russia. I'm buying a Russian stock as we speak. Nothing in China but I always looking in China. These markets are down. 

I prefer to buy low and sell high or trying to buy low and sell high. It's difficult for me to find anything. Venezuela is illegal for me. I'm an American citizen. I'd like to buy in Venezuela, but I don't want to go to jail. I'd rather be poor out of jail, than rich in jail so I'm not buying that. I cannot buy a North Korea, I would love to buy a North Korea but I'm a citizen of the land of the free. We're not very free in the land of the free so it's hard to find things for me these days. I've bought a few shares of Zimbabwe recently.

Why The American Economy Has Held Up So Well

So far the American economy has held up well because of a lot of money printing, a lot of government spending, cut taxes, everything possible to hold up the American economy. 

When things get bad in America as they will, Mr. Trump is not going to say, "It's my fault. I got it wrong." Donald Trump is going to say those evil Germans, those Koreans, those Canadians, and he's going to come back hard with more and more whatever you want to call it. The situation, we're going to have the worst bear market in my lifetime.

Gold: I Started Buying More This Summer

I started buying more gold this summer, because I could see what was happening. I still own plenty of gold and silver. I guess the fact that it doesn't yield much or anything doesn't bother anyone now. Bonds don't yield anything either. Most things don't yield anything these days.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Currencies: Singapore Dollar (SGD) Will Go Down Against The U.S. Dollar (USD)

The Singapore dollar (SGD), like all currencies, is going to go down against the US dollar (USD), because the US dollar (USD) is going to go much higher. 

Singapore doesn't like to talk about its debt but Singapore has debt, too. The IMF says that the Singapore debt is over 100 percent of Gross Domestic Product (GDP). There is serious debt here. 

Now Singapore would say yeah, but we got a lot of asset, too. They do. There's no question about that. Once interest rates start going higher, normally, your debts get worse and your assets don't get better so the Singapore dollar (SGD) is going to suffer too, but it's mainly because the US dollar (USD) is going to be so strong when people start looking for a safe haven.

Real Vision: China and Global Investment

Jim Rogers has been fascinated by China since he drove his motorcycle across the country in the 1980s.

The investing legend joins Real Vision to give his view of the rising Asian superpower and, more broadly, on rising Asia in general.

Rogers provides his views on the Hong Kong crisis and the simmering trade war. He also weighs in on whether the era of US dollar primacy has passed — especially now that the United States has become, in Rogers’ view, “the largest debtor nation in the history of the world.”

$17 Trillion In Negative Yielding Debt

$17 trillion now of negative yielding debt. It never happened in world history. It's absurd. 

It's a bunch of misguided bureaucrats and academics who don't know what they're doing. They're hoping. This has never happened in world history. Never in world history has this happened and it's going to be a gigantic disaster for all of us. 

How does it end? Badly. Bankruptcies. There are many states and cities, not just in America, Germany's got cities that are in trouble. Forget, we haven't even talked about Spain yet or Italy or some of the other places. No, many places are going to have serious problems. 

 Once interest rates go back to normal, it's going to cause a lot of, lot of bankruptcies and problems around the world.

China Is Letting The Currency Go Down

Any country, which has hundreds of billions of dollars of sanctions or tariffs imposed on it, the currency is going to go down, period, full stop. It's not just the Chinese, the Chinese are apparently letting it go down and not trying to control it. Anybody who has that ax chopped on it is going to be affected, because it theoretically is going to hurt your trade balance of trade very seriously when you have those tariffs imposed. 

Maybe China's saying, "Okay, we'll let it go, we're not going to stop it." To try to stop a currency declining when you've had hundreds of billions of dollars of tariffs hitting you, you have to be affected. To try to stop that decline would cost gigantic amounts of money.

The Future Of Hong Kong Is Continued Decline

I think the future of Hong Kong is continued decline. 

The only reason Hong Kong became Hong Kong was because of 1949, in Mao Zi time. Now, you don't need Hong Kong anymore. Shanghai was the largest financial center between New York and London before the before the war, Second World War.

China's opening up so we don't need Hong Kong anymore. It's going to continue to decline. When the Renminbi, the Chinese currency, is convertible, yes, I would expect the Hong Kong dollar to disappear.

Related tickers:  iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Hong Kong Index ETF (EWH)

New Book: Warning To Japan

In his most recent book, U.S. investor Jim Rogers issues a stark warning over Japan's future. In "Warning To Japan", warned of a dark future for Japan if it does not take drastic measures to curb its massive debt and severe population decline. Here's a few excerpts from the book:

"Japan's national debt is going to swell due to the Olympics, and this can only lead to a bad outcome for ordinary citizens." 

"There was such a long period of astonishing prosperity, when everything worked." 

"But Japan got so rich, so successful, that... it resulted in huge protectionism." 

"If there was somebody in Japan who will say, we got to bear this pain, we have to sort this out. And if we don't, the 10-year-olds in Japan today will have no future." 

"But the problem is that the politicians in power today don't want to do that. They know if they cause the pain, it is not going to be good for them." 

"They're opening up a little bit, but not nearly enough."

"It's simple arithmetic. The population is going down and they're not having babies. It is straightforward, but overwhelming and frightening for their future."

"Few people have any confidence; they know, consciously or subconsciously, that there is something wrong. Maybe somebody will change things, but I'm afraid I don't see that happening right now. There are too many entrenched interests."

Investing, Global Debt & A Bubble In Education

In a recent interview with Money And Markets, Jim Rogers commented on his unortodhox approach to investing,

“I’ve been wildly bullish on many things many times, but often it’s things that people don’t understand. That’s how you get rich: You buy things that other people don’t care about.”

And Jim also expressed concerns about the rising level of debt worldwide:

“Nobody’s reduced their debt since 2008, specifically the mounting deficits in both the U.S. and China."

And finally Jim Rogers pinpointed a bubble in education in the United States:

There’s also a bubble in college education in the U.S., but I don’t know any way to short Princeton.”

Bankruptcies Are Coming

You're gonna start seeing bankruptcies. You're even gonna see bankruptcies in China which is gonna shock a lot of people including me and I just told you it's coming. 

There's a lot of debt in the world. In 2008 we had a big problem because of too much debt. Since then, you know the debt has skyrocketed everywhere and so we're gonna start seeing bankruptcies and with interest rates rising we're gonna see a collapse.

Market Update: British Pound, Gold and Silver

British Pound Outlook, The United Kingdom Can Break Up

The United Kingdom has huge debts. The United Kingdom is one of the most indebted nations in the world on any kind of comparative data. They don't have as much debt as the United States as it's a much smaller country. There's huge, gigantic debts which people don't seem to pay too much attention to. I pay attention to.

This story is not going down because of Boris Johnson. I mean, maybe he's contributing, maybe he's a needle causing the pinprick but no, Sterling has got huge problems and whatever happens it's going to get worse. It looks to me like the political problems are certainly going to make it much much worse, I mean the United Kingdom could break up.

US Dollar, Gold 

Many things that are gonna make the next problem very very very serious and a alternative an alternative is the the US dollar I expect the US dollar to get overpriced I expected it maybe turn into a bubble but often when that happens gold goes down you know if the dollar is very very strong go this week so my plan but don't pay too much attention my plan is that the US dollars going to get oh Christ I'm gonna sell my US Dollars and as gold goes down in that crisis as it often does I will put my US dollars into gold.

Gold or Silver?

If somebody came in and said, "You gotta buy Gold or Silver!" I would buy silver today. 

7 Investing Lessons From Jim Rogers

1) My problem, my strength, is I don't like to sell. I like to own things. The kinds of things I buy, often, you can own forever, or at least for many, many years.

2) The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham. 

3) The more certain something is, the less likely it is to be profitable. 

4) If people learn to be a little more attentive to what they see they might wind up making investments and they might be successful. 

5) One of the best things I can tell you is do not have a lot of debt and try to stay away from people that have a lot of debt. 

6) Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit. 

7) If you want to get rich you don't diversify. You put all your eggs in one basket and then you watch the basket very carefully. You got to make sure it's the right basket or you will go bankrupt but that's how you get rich. Henry Ford never diversified, Bill Gates never diversified.

Bullish On South Korea

South Korea's economy has been slowing as well at the moment. South Korea's having a problem, everybody is because of trade wars, there are many, many reasons that the world is starting to slow down and we're going to have a very very serious problem in the next year or two. But once the 38th parallel opens this is gonna be the most exciting part of the world for the next 10 or 20 years. You have everything going for you once the 38th parallel opens. In the meantime things are not gonna be so good.

Related trading instruments: iShares MSCI South Korea Index Fund ETF (EWY)

Opportunities In North Korea

Once it opens everything. They don't have anything, they don't have ties, they don't have chairs, they don't have electricity so anything you can do you can go there and make a fortune. Tourism is going to be a fabulous opportunity for everybody. The Korean Peninsula has not been on the world tourism map ever and it will be again and everybody will want to come and they will see the sights, the beaches, the temples, the food. 

Agriculture In Russia Is Booming

Back to agriculture-- prices are still not up. Prices are still down, for a variety of reasons. I mean agriculture has been a disaster for 35 years, as you probably know. I have an agricultural index of agriculture prices. It's down, what, 30, 35 percent over the past 20 years. 

Now there's not much in life where the prices are down 20 percent over the past 20 years, much less over the past 30 years. So, agriculture is a disaster. And often throughout history if you find things that are disasters and you buy them, you may lose money first or you may go bankrupt first, but usually you make a lot of money in the end. 

It's not the first time we've had big cycles in agriculture, in real assets, and probably not be the last time either. But agriculture, back to the point, it's horrendous. It's a nightmare, except Russia by the way. Russia right now, agriculture is booming because America put sanctions and Europe put sanctions on Russia. 

So, Russian agriculture is booming because America has said we're going to hurt the Russians badly. We're going to put sanctions on them. So they did. You couldn't sell food to the Russians. The Russians said we won't buy food from the West. So, now the Russian agriculture is booming. 

And if you ever read any Russian history or novels, you know that historically there have been times when agriculture has been big, big, big in Russia. It is again. I mean America shot-- the West I should say shot itself in the foot because now they've developed this huge booming, thriving industry in Russia.

7 Investing Lessons From Jim Rogers

1) My problem, my strength, is I don't like to sell. I like to own things. The kinds of things I buy, often, you can own forever, or at least for many, many years.

2) The book that I still to this day tell people to read is Security Analysis by Ben Graham. I read it decades ago. Short of that, The Intelligent Investor by Graham and Dodd. Graham's ideas of investing in fundamentals and cheap stocks, I realized that's the that's the kind of investor I was, that's what I loved and thought was great. So, I recommend that book when people ask me what book to read or books to read I tell them about Ben Graham. 

3) The more certain something is, the less likely it is to be profitable. 

4) If people learn to be a little more attentive to what they see they might wind up making investments and they might be successful. 

5) One of the best things I can tell you is do not have a lot of debt and try to stay away from people that have a lot of debt. 

6) Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit. 

7) If you want to get rich you don't diversify. You put all your eggs in one basket and then you watch the basket very carefully. You got to make sure it's the right basket or you will go bankrupt but that's how you get rich. Henry Ford never diversified, Bill Gates never diversified.

Swiss Franc (CHF): A Horrendous Investment

I have some Swiss Francs (CHF) sort of by accident, and I worry about them all the time. It's not enough for me to spend too much time worrying about but I realize the Swiss Franc (CHF), when it caves, when the bear market comes, is going to be a horrendous investment, just like the ETFs. Because there are all these people who buy them. Same with the Swiss Franc (CHF). What could go wrong? Like Japan, what could go wrong?

Investing: My Problem, My Strength

My problem, my strength, is I don't like to sell. I like to own things. The kinds of things I buy, often, you can own forever, or at least for many, many years.

Over 90% Of Stocks Are In Downtrends

Over ninety percent of the stocks (in the S&P 500 Index) are in downtrends. Ten percent are in uptrends, but they're big companies. And since the S&P 500 Index is capitalization weighted, those 50 stocks, 40 stocks, whatever it is, dragged the average to all-time highs. 

Now, that doesn't mean it's not painful if you short those stocks. But basically, this has happened many times in market history. It gets narrower, and narrower, and narrower, the advance does, until it's just down to a few names. And eventually, they crack, too.

Stock Market: Lack Of Breadth

Today, if you look at the S&P 500 Index, for instance, in the United States, I think there are only 40 or 45 stocks that are above their 50-day moving averages, to use a technician's kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs. Definitely a lack of breadth.

Video: The Potential For A Major Correction

Recent video interview with Real Vision where Jim Rogers discusses his concerns over the potential for a major correction in financial markets. He also identifies the sectors and countries that he’s bullish on.

The U.S. Dollar Is Not A Safe Haven

People would think the U.S. dollar is a safe haven, it’s not. The fundamentals are horrible. Nobody in his right mind would buy the U.S. dollar, but I own a lot because I’m not in my right mind. I’m assuming that the rest of the world is not in its mind either and they’re all going to buy it.

Japan Does Not Have A Great Future

Japan is one of my very favorite countries in the whole world. I'm extremely keen on Japan in fact I would probably live here except I want my children to speak Mandarin. But if you spoke Mandarin, I would probably live in Japan as it's such a fantastic place to visit and live.

Having said that, it grieves me because I see serious problems in Japan which is the point of this book. I am a foreigner and I know that the Japanese don't like foreigners but this this book is not really a foreigners book it is based on simple arithmetic whether you're Japanese or not Japanese the arithmetic is the same.

Every day the debt goes higher, there's addition and there's subtraction because every day the population declines in Japan. Everything can go wrong. You have a central bank which is printing staggering amounts of money every day and buys Japanese shares and Japanese bonds.

I'm old enough to remember and maybe some of you are that if even 30 years ago somebody had said, "Oh, the central bank of a major economy and a major country is going to print huge amounts of money and buy shares in its stock market." people would have walked away. They wouldn't listen to you anymore, so incomprehensible, inconceivable that that could happen even 30 years ago.

But look out the window, it's happening every day in Japan right now while the population declines and the debt goes up. So, I mean as far as I can see Japan doesn't have a great future.

Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index

Forex: The Hong Kong Dollar (HKD) Will Disappear

“I expect the Hong Kong dollar to break free of the US dollar once the renminbi [Chinese yuan] is convertible. The Hong Kong dollar will disappear… but that will not happen until the renminbi is completely convertible." - in RT.com (read the complete article here: Hong Kong’s days as global financial hub may be numbered – Jim Rogers)

Interview: China, Financial Markets (video)

Watch this one-hour long interview with Jim Rogers where the legendary investor talks about China and all the major subjects that may impact financial markets in the future.