Lower Crude Oil Prices Are Good For The World

Pricing power shifts from commodity producer to commodity consumers. We are looking at a new order in the world where the total wealth effect will shift away let's say from oil-producing nations like Russia or Saudi Arabia, Kuwait, Nigeria and Venezuela to consuming nations like India and China.

This is good for China it's good for India, good for Germany, good for Japan. It's good for oil consumers and it's good for oil consuming nations. Oil producers or suffering now and many other companies in those countries as well. But for the world yes, it's good.

Crude Oil Will Not Stay At Zero

You're already seeing bankruptcies, some shale producers in the United States have declared bankruptcy and some drilling companies, so it's happening.

What happened last night was an aberration (crude going negative in price). I don't think you'll see another one like that. You know, the June contract is over 20 in Europe oil is over 20. So, I don't think that crude oil is gonna stay at zero. It was only one night for one special reason.

How To Invest

If you could only have 20 investments in your life you'll be very careful. You wouldn't be jumping in and out of something you just read about. That's what you should do!

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.