Shocking How Little Prepared America Was

It's a bit of a shock to find out how little America prepared for this. In China they didn't know it was coming so of course they were not prepared. China, Korea, Singapore, Taiwan and other places seem to have done a much better job of dealing with the virus. America had a three months notice it was coming, the world knew was happening. America did nothing. Last week you couldn't even get a test.

How My Life Has Changed

I cannot leave Singapore if I wanted to because the airports are closed, the airlines are closed and yet most countries are closed. I couldn't go to China if I wanted to, or Korea. So my life has changed a lot I used to travel a lot and now I'm home. Nothing wrong with being at home, quite delighted but it certainly changed my life. I don't go out very much because it's very hard to go out now. So lots of change.

Gold Will Likely Hit New All-Time Highs

Gold will likely hit all time highs on this move. Despite that Silver is cheaper than gold on a relative basis and that is why Jim is buying.

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

Jim Rogers: The Economic Reset Has Begun

In 2008 we had a huge problem because of too much debt the next time it's going to be worse because the debt has gone higher and higher and higher it's a fairly simple statement I'm surprised it got so much attention.

What I'm Buying Right Now

I bought some Chinese wine stocks last week. Russian transportation companies, shipping companies. I'm looking, there are things, and if I weren't talking to you, I'd probably be buying Japan right now. The Japanese market went down a lot. They don't care about anything except getting the stock market up, so they're going to be up. Again, this is not sound, this is not good for 12 year old Japanese, but what do they care? This is going to happen.

Central Bankers Cannot Save The World

Central banks are made up of bureaucrats and academics who do not know what they’re doing. They do not know how markets work. They don’t much about the real world. These guys can’t save the world. All they want to do is save their jobs.

I Expect To Buy More Silver, Gold

When people lose confidence in governments and money they buy gold and silver. Whether they should or not doesn't matter, they always have. Well, I'm a person like everybody else. I own gold, I own silver and I will be buying more. 

On a historic basis silver is much cheaper than gold right now. If you go back and look at any ratios over the past hundreds of years or even in biblical times, gold is much, much more expensive now than silver. 

I expect to buy some more silver and some more gold but I'll probably buy more silver than gold at these circumstances.