Jim Rogers: Facebook (FB), Apple (AAPLE), Netflix (NFLX), Google (GOOG) Will Eventually Crack

In a recent interview, Jim Rogers drew a parallel between the FANG stocks (Facebook (FB), Apple (AAPL), Netflix (NFLX) and Google (GGOG)) and the Nifty 50, a group of stocks that kept rallying in the seventies when the general bull market in stocks was about to end. The Nifty 50 included stocks like Coca-Cola (KO), General Electric (GE) and International Bussiness Machines (IBM).

Jim Rogers noted that these high momentum, big cap Nasdaq stocks are currently holding the indexes but that they will eventually crack: 

“Everything else stopped going up but those Nifty 50, which would be something like the FANGs today, or maybe in the late ‘90s [during the dot com bubble], some of the other kinds of stocks. So this has happened before in market history. They eventually crack, there’s no question.”

Jim Rogers: My Thoughs On Bitcoin

I'm not sure you should ask me because I have never bought one Bitcoin. If I were smart, I would have bought them nine years ago, seven years ago, five years ago or even five months ago. So I don't know. If I just showed you charts of what's going on and described without telling you which country or which time periods, you would say "Oh, that looks like a bubble, sounds like a bubble." It does! But don't ask me because I missed the whole thing.

Cryptocurrencies Have All The Chracteristics Of An Asset Bubble

I have never owned any cryptocurrencies and I say that with great embarrassment, I wish I had, obviously. But now there are two thousand of them up from nothing a few years ago. This is what bubbles feel like.

Jim Rogers: Bitcoin and Cryptocurrencies

In this podcast Jim Rogers discusses bitcoin and cryptocurrencies.

Gold: Not Buying Yet

If and when gold goes down a lot I plan to buy a whole lot more. People just expect too much from gold, everybody's still bullish, there's still a lot of mystics, you know. Everybody still loves gold including me but I'm not buying, not yet. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))