Currencies: No Real Alternative To Invest

I wonder all the time where to put my money and I do not find any place that is really a great alternative to the U.S. Dollar at the moment. The Pound Sterling? Forget it! The Euro currency? Maybe temporarily. The Chinese currency? Yes, but it's a blocked currency! Japan? They have huge problems in Japan.

Central Banks: The Printing Presses Are Running At Unbelievable Speed!

 A few highlights from the video,

"The printing presses are running at unbelievable speed."

"I have young children. America is leaving them a terrible, terrible legacy."

Digital Currencies Are The Future - Jim B. Rogers

Digital currency is the future says Jim Rogers. The legendary investor predicts governments will create their own digital currencies. Unlike Bitcoin, these digital currencies will be controlled by the governments that create them. 

How The Rich People Tend To Behave

Interesting readings on financial twitter today:

"Material possessions shouldn't be the goal, experiences and stories are so much more satisfying."

-- Jim OShaughnessy, Founder, Chairman, OSAM LLC


“I observed at an early age, the rich people around me rarely bought anything, while the poor people around me were always shopping.”

-- Tom Ragland

"The best aren't working for money, it's about the satisfaction of creating something out of nothing."

--Orange Book

On other topics, Adam Grant has a will have his new book out soon,

"Great thinkers don’t boast about how much they know. They marvel at how little they understand. If knowledge is power, knowing what we don't know is wisdom. It gives us the mental agility to rethink our assumptions."

China Selling U.S. Treasuries Will Pressure Interest Rates

China reducing American debt will put pressure on U.S. interest rates, they should be going up. From the Chinese standpoint, it’s a smart economic and investment move, one that would strengthen the Chinese yuan. If they sell US debt, they sell dollars, therefore their currency goes higher.

2020 Election: Biden With Largest Lead

 From Nate Silver's, Five Thirty Eight:

"Really more polls are coming in showing Biden up double digits than not at this point. He's up to +9.8 in our national polling average, his largest lead of the campaign."

-- Biden 51.9%

-- Trump 42.1%

Markets: Commodities Still Get No Respect

Commodities still get no respect most commodities at lest, certainly not now. I mean, there have been
periods, for example crude oil went to $150 a barrel for a minute, or for a day. Things do happen but for the most part people have ignored commodities again. But don't worry they'll be back especially if we keep printing money the way we're printing money.

If economies keep collapsing and nobody can go to work, that cuts demand but it also cuts supply eventually. If they keep printing money the demand will be there eventually too.

Jack Schwager: Psychology Is More Important Than Technique

 Listen to the latest video interview of Jack Schwager, this weekend at the Traders Summit 2020. In this interviews Jack addressed several different topics including his new book Unknown Market Wizards:  

The world-famous author Jack Schwager gave a fantastic interview and took questions from panelists and guests. He revealed his new book “Unknown Market Wizards”, adding that it’s a collection of interviews of highly successful traders who are relatively unknown to the world. He said that stock traders and futures traders are usually quite different and closed with a pearl of advice: “Psychology is more important than technique”.

Tech Stocks: A Ticking Time Bomb!

This bull market is getting very old. Several hyped-up stocks are likely to crash when the next bear market comes. A time bomb is ticking in the technology space. 

People are thinking that stocks like Amazon (AMZN) and Alibaba can never go down. I advise investors to read market history that they can go down and they will go down. We will have more bear markets!

When the bear market comes, emerging markets like India will go down a lot. India has been building up debt, and I don’t like that!

Jim Rogers On China, Technology & COVID

 Jim Rogers speaks about China, global trade, technology and how things will work out post-COVID. A must listen video interview.

"At the moment you know there are problems between the United States and China. Whenever in history politicians have problems they blame foreigners and the Americans are blaming China right now!" 

-- Jim Rogers, American investor

Books Written By Self-Made Billionaires

Here’s  a list of nine books written by self-made billionaires. They share ideas and concepts to help you succeed in business and in life.

Some of the books on the list are,

• “Principles: Life and Work”, by Ray Dalio
• “Shoe Dog: A Memoir By the Creator of Nike”, by Phil Knight
• “Business @ the Speed of Thought: Succeeding in the Digital Economy”, by Bill Gates
• “Lean In: Women, Work, and the Will to Lead”, by Sheryl Sandberg
• “How to Win at the Sport of Business: If I Can Do It, You Can Do It”, by Mark Cuban
• “Zero to One: Notes on Startups, or How to Build the Future”, by Peter Thiel

You can read the complete article on CNBC.com, 9 books written by self-made billionaires to help you succeed in business and in life

"An investment in knowledge pays the best interest." - Benjamin Franklin

 

COVID: Politicians Are Overreacting

On the newswires right now:

SCOTLAND BANS PEOPLE FROM VISITING OTHER PEOPLE'S HOMES

We’ve had worldwide epidemics before but never before have politicians reacted the wrong way.


"In 2009 we had the H1N1 virus in America. Well, they didn't close McDonald's, they didn't close the airports. This time for whatever reason politicians, academics and journalists seem to have overreacted and said we have to close the whole world.

We've had many epidemics and never before have we closed the whole world. So in my view, they made mistakes and that's what has made this so horrible." - Jim Rogers, September 2020

Ray Dalio Sets Up Tent Offices In The Woods

This is an interesting move to protect workers from COVID:

"Ray Dalio's Bridgewater hedge fund has set up tents in the woods near its headquarters so traders and other staffers can breathe fresh air while they work during the pandemic": Hedge fund Bridgewater set up tent offices in the woods to beat COVID-19

Gold Will Continue To Do Well

I expect gold to continue to make new highs; silver is down about 45 per cent from its all-time high. I would expect silver to make all-time high too, before this is over. Silver is certainly cheaper than gold on a historic basis. I would expect both to continue to do well, because the world is going to have problems in the next few years.

Investing: India Is Hot!

There is so much money being printed nearly everywhere and spent. So it has got to go somewhere. Emerging markets were also beaten down a lot. So we are seeing them rally. Look at what is happening in India. Everyone is investing there now. It is hot!

Precious Metals: Silver Will Make An All-Time High Too

I expect gold to continue to make new highs; silver is down about 45 per cent from its all-time high. I would expect silver to make all-time high too.

Related trading instruments and tickers: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)

Investing: I Do Not Remember A Time Like This

 

Highlights:

- How COVID has changed investing

- Countries have overreacted when they closed their economies

- Japanese monetary policy

- Declining population plus debt is an explosive combo for Japan 

COVID: Closing Economies Was A Mistake

We’ve had worldwide epidemics before but never before have politicians reacted the wrong way.

In 2009 we had the H1N1 virus in America. Well, they didn't close McDonald's, they didn't close the airports. This time for whatever reason politicians, academics and journalists seem to have overreacted and said we have to close the whole world.

We've had many epidemics and never before have we closed the whole world. So in my view, they made mistakes and that's what has made this so horrible.

Todays Thoughts: Psychology of Money, Successful People and Wine

A few great thoughts from Twitter,

"The most successful people are not dogmatic and recognize that a better idea or new information today can be reason enough to change your approach."

-- Mark Cuban, entrepreneur

"The 10 Minute Rule: You put the red wine in the fridge 10 minutes before you open it. You take the white wine out of the fridge 10 minutes before you open it."

-- J.C. Parets, technical analyst

And a review of “The Psychology of Money” by Morgan Housel.

Be Audacious

"Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. What you think is attainable is just a function of what you know at the moment. Once you start your pursuit you will learn a lot, especially if you triangulate with others; paths you never saw before will emerge."

 Ray Dalio, September 2020

Gold Will Go Higher

Q: Berkshire Hathaway recently made a 500 million dollar investment in Barrick Gold. Any views on that?

A: I don't own any gold shares at the moment. I prefer the real stuff. But if I'm right, if they're right, the price of gold and silver precious metals is going to go higher.

Video: Interview With Bloor Street Capital

 

Topics: 

- investing with George Soros

- incredible returns are possible, there are always plenty of opportunities

- some things are overvalued right now

- shorting asset bubbles is very difficult

Real Estate: Dramatic Changes Going On Right Now

A lot of kinds of real estate are going through dramatic changes right now. Offices, commercial real estate, shopping centers... a lot of kinds of real estate are going through dramatic changes right now.

You could go to Canada or Australia, there are many places where you can go and buy property. I wouldn't buy property in Sydney, I might buy it in the outback in Australia.

We have been doing home delivery for 10 years but now it's accelerating. Getting food delivered at home and other things delivered at home... That's one of the problems for real estate as i said before. There's not so much need for all these shopping centers and department stores anymore. so all of this is changing and it's accelerating.

Commodities Are Cheap, Bonds Are In A Bubble!

I'm looking at all asset classes in all countries and commodities seem to be the cheapest

asset class in the world right now. Certainly not government bonds. Government bonds are a bubble.

I look at assets and I see government bonds are the most overpriced in the world and agriculture is probably the cheapest in the world right now.

Marc Faber: Peak Activity Will Not Come Back For Years

 

Dr. Faber says that the economy will not recover for years. 

Marc shares his thoughts about the economic recovery and how long will it take for economies to get back to peak activity. 

Other topics:

- the effectiveness of MMT. 

- Keynesian economics.

How Will The U.S. Pay This Enormous Debt?

In previous economic hard times companies that people never thought could go bankrupt collapsed don't think it cannot happen it has happened and it will happen again. 

Six months ago the United States was the largest debtor nation in the history of the world. We never had any other country been so deep into debt. Since then the U.S. has increased its debt by trillions with a T, trillions more. 

If you give me a few trillion dollars I will show you a very, very good time. We will all have a wonderful time with a few trillion dollars but somebody eventually has to pay the price because somebody has to worry about paying it back.

I Bought More Gold Last Week

"I own gold as as you probably know. I bought more gold last week. I suspect gold and silver both will go much higher before this is over because currencies everywhere are being debased."

Gold Will Go A Lot Higher

If I’m right, gold is going to go much, much, much higher before this is over. Gold may well turn into a bubble. I hope it doesn’t, because if it turns into a bubble, I’ll have to sell it and I never want to sell it. I want my children to have my gold and silver someday.

Finding The Right Trading Style For You

I know I'm a terrible short-term trader. I don't even try it anymore. I didn't know it then but i found out...

Whether the style picks you or you picked the style. For me it was trial and error.

Nobody likes to hear it, everybody wants a hot tip. Everybody wants to be rich this month. Well the second advice is don't listen to hot tips.

Howard Marks: Life Will Go On

 

The question every investor is confronted with right now is how do you put capital at risk with any degree of confidence when the outlook is more uncertain that at any time in modern history?

Trump Will Go Tough Against China

 

"You have a lot of uncertainties... Number one is the election. Trump officially started his campaign, he was nominated, he accepted. Now, he's going to go hard on China. His popularity or the polls are indicating his his nose diving. So, he's just going to come out and look like going tough against China." - Nader Naiemi, AMP Capital

Covid 19: Politicians Have Overreacted

 

Highlights from the interview:

"Being a young person in America right now is not a good thing to be."

"In 2009 we had the H1N1 virus in America well they didn't close McDonald's (MCD) they didn't close the airports this time for whatever reason politicians seem to have overreacted."

Jim Rogers: Where I'm Investing Right Now

Anything that I'm buying and I have bought a couple of things... I'm buying one because they're so beaten down that no matter what happens I don't think they're gonna go down much more.

I'm gonna give you an example.I'm not buying Venezuela, I cannot buy Venezuela because I'm an American and it's sanctioned so Americans cannot buy assets in Venezuela. But someone who is able to buy Venezuela could probably buy Venezuela now because no matter how bad things get Venezuela is not going to go down very much and it may if any and it may start reviving.

So there are things like that. Now again, I'm not buying Venezuela, I would like to but I cannot but I'm trying to find things like that. Stocks, companies that are in that kind of situation and i have bought a couple of those recently.

Investing: Russian Bonds

I'm not here to give hot tips but one might look at Russian ruble bonds again. They do have high yields and it's not a credit risk. Russia is not going bankrupt whatever happens.

People Think Investing Is Easy. It's Not!

This is 2020 who wants to wait till next week to get rich? We want to get rich this week! We want a hot tip that's gonna make us rich very, very quickly so that we don't have to think about it and that's part of the problem. Everybody thinks this is easy.

COVID 19: Politicians Are Making Huge Mistakes

Jim Rogers comments on the money printing mistakes being done from Central Banks and governments all over the world.

Bitcoin Is Headed To Zero

Virtual currencies beyond the influence of the government will not be allowed to survive—and said the bitcoin price is headed to zero. If the cryptocurrency succeeds as real money, rather than the subject of gambling as it is today, the government will make the cryptocurrency illegal and eliminate it. 

The government likes electronic money. Because with electronic money, you can track when, where, who spent what amount. Governments will have more control over people through electronic money. The government wants to know everything. Controllable electronic money will survive, and virtual currencies beyond the influence of the government will be erased.

The Markets Will Continue Fairly Strong

I would suspect the markets will continue to be fairly strong but the US stock market just made its all-time high because there's so much money being printed and there's so much money being spent and it's gotta go somewhere. But it is going to end, I assure you.

Video Interview: Virus, Debt, Markets

Jim Rogers comments on the current market situation

• Coronavirus
• Debt situation
• Financial markets

Money Printing & Deficit Spending: It Will End Badly

There's an election in November in the United States. None of those guys care about you and me or other people or young people like my kids. They care about the election. They want to print and spend and borrow as much money as they can to win the election. 

We're all gonna pay a very difficult price afterwards. The amount of debt that has been added... America was already the largest debtor nation in the history of the world and in the last month they have added staggering amounts of debt and they continue to add more and they're printing more money.

Nowhere in the history of the world has that kind of action done good things. Maybe in the short term it does good things but nowhere in history has it done good things in the long term.

Will Markets Ever Be The Same Again?

“We could have asked the same question (will financial markets ever be the same?) after the Spanish flu, the collapse of 1929, …after the huge collapse of 2008 and 2009.

And you know what? Yes, they are always the same. Human being always get greedy. They always get scared and panic. They have not repealed the laws of fear and greed…

You can go back to an tragedy and any triumph you want to and people said the same thing: Will things be the same later? And they always were… People are always talking about the lessons of history. The main lesson of history is people don’t learn the lessons of history…”

Emerging Markets: Macro & COVID-19

In this episode of Ahead of the Curve, Real Vision guides viewers on a journey of understanding through the present and future of emerging markets.

Michael Nicoletos, co-founder and CIO of AppleTree Capital, speaks with Jim Rogers, chairman of Beeland Interests and famous emerging markets investor in Singapore. They talk about the next move for the dollar, which emerging markets he is currently investing in, and why he looks for disaster when he is deploying capital.

Then, Real Vision’s own Roger Hirst speaks with Mark Mobius, partner at Mobius Capital Partners, in Germany. Mobius breaks down the importance of technology, travel, and other macroeconomic factors that impact emerging markets. He explains why he believes the recovery could be as fast as the meltdown.

Nicoletos then speaks to Dr. Simon Ogus, founder and CEO of DSG Asia Limited. Dr. Ogus talks about the impact of COVID-19 on emerging markets through his view from Hong Kong. He relates the Asia-specific perspective on the impact of the virus on currencies, growing alternatives to Chinese manufacturing, and the future of globalism. Filmed May 11-15, 2020.

Pandemic: The US Has Done The Worst Job

Sweden did nothing, some US states did nothing and they say they're going to come out ahead. We know that the United States has the highest number of deaths, the highest number of cases reported if you can believe anybody.  I'm always skeptical of believing the numbers the US has done the worst job or the least good job of handling the whole thing.

Markets: Commodities, COVID-19

Latest video market update from Jim Rogers on commodities, financial markets and the COVID-19 pandemic. How markets will evolve from here and who will be the winners and the losers.

Investing: Silver Is Cheaper Than Gold

If you look at the ratio of silver and gold, it is highest it has ever been in recorded history. Never in history has silver been this cheap compared with gold. Maybe there are reasons but there are always reasons when something like this happens. I want to own precious metals. And certainly, in the next five years, I would prefer to own gold or silver. But if I had the option, I would own silver just because it is cheaper. I own both. I bought more gold recently but I would rather prefer to buy silver today than either of the two you mentioned.