Market Update: Stock Markets, Gold, Interest Rates

Jim Rogers recent video interview with Financial Strategy.

Major Topics:

• favorite stock markets: Russia, China and Japan 
• do not invest in American stocks
• consider start shorting US tech stocks but be careful because we are in a bubble 
• long term interest rates will rise a great deal in the future
• stopped buying Gold in 2010
• Gold below 1,000 dollars/ounce will be a great buying opportunity
• never use the word "safe" when talking about investments
• Europe is falling apart

The US Dollar Will Lose Its Position As The World’s Reserve Currency

In a recent interview with RT.com, Jim Rogers expressed the view that the US dollar will sooner or later lose its position as the world’s reserve currency:

“In the next few years the American dollar is going to lose its position as the world’s reserve currency and the world’s medium of exchange.” 

 Read the full interview here: https://www.rt.com/business/438162-us-dollar-crash-jim-rogers/

My First Big Mistake In The Markets

My first big mistake I made in the markets came from a triumph. I decided the stock market was going to collapse and so I bought puts with all my money. I tripled my money in five months and I thought this was easy, I thought "yeah, I'm really gonna be rich someday." 

So, I sold my puts on the day the market hit bottom, then the market rallied as I thought it would, I sold short and two months later I was wiped out. But the worst part is that every one of the companies I sold short went bankrupt within two years. but I lost everything first because I didn't know the market did strange things.

Other interesting articles to read:

Ford (F), General Motors (GM) Trading At 52-Week Lows 
Crude Oil: $80/Barrel By The End Of The Year

Governments Will Abolish Cash Transactions

In a recent interview with the Russian Times (RT.com) Jim Rogers about the dangers of governments abolishing cash and how many countries such as India and France have already started doing so:

Read the complete article here: Death of cash and total government control of spending

US Dollar: Global Reserve Currency Status Is Coming To An End

Jim Rogers discussed foreign exchanges markets and the future of the US dollar with the Russian Times (RT.com). You can read the complete article here:

US dollar just few short years away from losing global dominance, investor Jim Rogers tells RT

Global Investing

Jim Rogers talks about global investing with Mark Skousen at the San Francisco Money Show.

America's actions Are Bringing China, Russia, Iran and Turkey Closer

America's actions have had the effect of bringing China, Russia, Iran and Turkey closer and closer. Obviously this is not good for the United States:

Rogers: US rift with Turkey ‘madness,’ time to invest in Turkish assets