Markets: Junk Bonds, Gold

I am short junk bonds in the United States. I am not adding at the moment. But if the opportunity arises, if junk bonds go up a fair amount I know I will add to that position. And if gold collapses I will add to that position. (SPDR Barclays Capital High Yield Bond ETF (JNK), iShares iBoxx $ High Yid Corp Bond (ETF) (HYG), SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Emerging Markets: Gearing Up To Invest In These Places

Mainly I am sitting and watching. I am gearing up to invest in Nigeria, in Kazakistan, in Iran. I am not doing anything at either of those places at the moment but I am gearing up. Colombia if I were not too lazy I could be doing something in Colombia at the moment. (iShares MSCI Emerging Markets Index ETF (EEM))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Where To Invest Next

I am looking for what to do in the future. I own Russia, I want to buy more Russia. I am looking at Kazakhstan as a place to invest, there are really exciting things taking place there in Kazakhstan. Iran but its very difficult for Americans to do business in Iran in the stock market. Nigeria, I am looking at, exciting things are taking place. I have not invested in either of those places yet but these are places where I think there are exciting opportunities. (iShares MSCI Emerging Markets Index ETF (EEM))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

We Do Not Have Any Deflation, We Have Inflation.

There is no question that oil prices are down, which means that if you go to the gas station you pay less. But maybe you do not do any shopping, maybe your butler does your shopping. The rest of us we know that insurance prices are up, education prices are up, entertainment prices are up, automobile prices are up.

Very, very few things that anyone can name that are actually down. The Government tells us that there is no inflation that people write to me all the time and ask me where does the Government shop?

Related: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Wal-Mart (WMT)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Gold: Not Buying Right Now

I am not buying gold at the moment. I am waiting for another opportunity to buy gold, it may not happen, it certainly may not happen. But I own plenty of gold. I am looking for a new opportunity, let`s say the central bankers save us for a while, that the markets go up  for a while, often gold will go down in a scenario like that. That would be an opportunity to buy gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

The Crisis That We Are Going To Face

Crisis that come from Governments or Central Banks trying to cool things off are one thing but a crisis that the market imposes on the world, those are the really, really nasty ones. And that is what we are going to face as these guys have got us into a situation where there is no escape other than panic and problems. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY) )

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

A Cashless Society Is Not Good For You

There is going to be a cashless society but that is not for your benefit, for my benefit, for the readers benefit. That is for the politicians benefit, so that they can control your money even more, every cent you have, where it is, what you did with it, if you bought your girlfriend a chocolate box they will know about it. So this is not good for you and me.

If they say that they are going to take your money all they have to do is a computer blip and they have your money, one stroke of a key and your money is gone.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.