Ol Jimmy talking his book, hope he got in his farmland call.
Jim Rodgers says protect yourself against inflation. Forget deflation. Yes some things are deflating but don’t be hypnotized by that. Life essentials such as food and agricultural commodities are inflating. Gold and silver too are inflating as people try and protect their savings from US dollar inflation
I have mixed emotions about Jim Rogers as he has fled to China with his kids. I’m not real sympathetic to folks who think the answer is move to another country but he is right about Bernanke. At some point there is going to be a crash and its going to be worse than people think. Not a bad idea to just store up a years worth of food and buy some gold and silver. You can always eat the food later folks and you can spend the gold and silver also.
I am in agreement with Rogers’ investment advice, however I question my sanity when I see that bowtie.
Rogers was 100% right in 2005 when he said to buy every commodity you could get your hands on and hold it for a long time.
For one, in order to buy these items, you get hit with a very hefty “handling charge”. Then, you gain absolutely no interest on that asset while you take the risk of keeping it safe from theft or loss by disaster or fire.
Then, you also lose again when you try to convert it back into dollars. Mainly, because most exchanges give you less than what it is actually worth, in order to gain a profit for the added cost of exchange.
Barter and trade also favors who ever is accepting the coin, because they usually trade it for under the actual market value. There again, you lose.
I have quite a lot of Gold, Platinum and Palladium and have enjoyed huge gains from all of it. I take profits in smaller increments and roll it back into commodity interests from it.
The most dangerous market coming shortly, will be the Bond Market. Banking stocks are also highly at risk. This is due to the Fed and Treasury departments recent criminal activity that has been going on unopposed or announced. This has only ONE outcome, which will be the loss of the Dollar as the World Reserve currency and the irreversible inflation that will follow.