Where Is Commodities Guru Jim Rogers Investing Now
We spoke in a telephone interview recorded at his home in Singapore, with billionaire Jim Rogers, legendary products trader, who chose the bottom of the commodities market Bull in 1999. By George Soros, Jim Rogers, co-founder of the Quantum Fund in 1970.
During the next decade, Quantum Fund grew by over 3300 percent. Rogers retired, later, visiting professor of finance at the Columbia Graduate School of Business at the University and even later, around the world in first personDiscover the opportunities for new investments. It is widely and often quoted in the media about his views on the commodities market. Selling author, investment biker, adventure capitalist and widely followed, Jim Rogers talks about what he is investing in.
StockInterview: Of all the places where you can invest, why China?
Jim Rogers: They are investing in China because China, in my opinion, is the next great country in the world.
The government is trying to do things now to encouragethe stock market. They had a bubble and the consequences of the bubble have all worked their way through the market.
StockInterview: Do invest in stock markets in China?
Jim Rogers: I sold all (other) emerging markets around the world. Some of them, I drove for 15 or 20 years. Most emerging markets in the world have entered a sort of a phase of mania. There are tens of thousands of people who fly around the world in search of new emergingmarkets in recent days. Scored very excessive, huge amounts of foreign money had flowed into them. Each time this has happened in the past in the stock market was a sign of early or difficulties ahead. I'm not particularly happy to sell, but in my experience, it's time to get out of these markets. There may be a possibility to return – in a year or two, or five. Who knows for how long? If and when markets get cheap again, I investagain.
StockInterview: is this growth in China and India is driving the boom in commodities?
Jim Rogers: Everybody's driving the commodities boom because demand is being implemented around the world: the United States, Europe, everywhere. All were on the rise, if you come from the Philippines, India and the offer of the United States is under terrible stress. There were a lot of investment in productive capacity throughout the product in the last 25 years. You've had offers to fall for 25 years.At the same time, demand has risen in the world, including India and China. No matter if the request origin. Yes, India and China have increased, especially in China.
StockInterview: China has experienced something similar to the Anglo-American industrial revolution in the nineteenth century? And support with strong growth in both England and the United States have for decades?
Jim Rogers: Yes, in my opinion, this is what happens. Therewill be setbacks, of course. We had some pretty horrible side we moved the power and glory. In the nineteenth century, we had fifteen years of depression. We had a horrible civil war. We do not have many human rights, or much less civil rights. We had some major setbacks that we have grown. But the UK has been terrible setbacks since grown to become the richest, the most powerful country in the world in a moment. China these failures. I expect to see some serious setbacks in Chinese realsuccession. But will be more than temporary setbacks for an increase, which I believe will lead them to be the largest country in the 21st century.
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