He's considered to be one of the world's savviest investors. Jim Rogers, chairman, Rogers Holdings, talks to BNN and gives his opinions on the investment world.
The discussion kicks off with the topic of trade wars which Jim says is no good for anyone and that some time in the future the Chinese currency could become the world reserve currency, sorry Canada, the Loonie is thought to be too small.
On the subject of bubbles Jim sees both the Chinese coastal property and US Bonds as being in a bubble. As for gold prices his prediction is for gold prices to hit $2000/oz by the end of the decade but that is easily achievable by only a 6-7% rise per year.
On the matter of the Euro - Jim was in favour of letting Greece go broke then confidence would return to the Euro, however, the European Union will not let that happen. As we see it Greece is only one the PIIGS (Portugal, Ireland, Italy, Greece and Spain) with the UK rapidly coming into the frame. So if there is a bail out or financial support for Greece then the other troubled nations are sure to come banging on the door, time will tell.
For anyone with a $100k to invest Jim favours the agriculture sector as it is so depressed at the moment. He also comments on coal, natural gas and uranium.
Well worth watching, please click here to view the interview.
Now for a mouth watering upcoming event, April 30 - May 2, 2010 being held at the Four Seasons Hotel - Las Vegas, Nevada, entitled:
'The Casey Research Crisis & Opportunity Summit'
The line up has to be one of the most impressive ever just take a look at this list of speakers:
Simon Black, Editor, The Sovereign Man
Bill Bonner, Chairman, Agora Financial
David Brin, scientist, technical consultant and world-known author
Dr. Marc Bustin, Senior Analyst, Casey Research Energy Division
Chuck Butler, President, EverBank World Markets
Doug Casey, Chairman, Casey Research
Bud Conrad, Chief Economist, Casey Research
Terry Coxon, Senior Researcher, Casey Research
Alex Daley, Chief Investment Strategist, Casey Research Technology Division
John Embry, Chief Investment Strategist, Sprott Gold & Precious Minerals Fund
Dr. Robert Falls, CEO, ERA Ecosystem Restoration Associates Inc.
Steve Henningsen, Senior Investment Strategist, The Wealth Conservancy
Louis James, Chief Investment Strategist, Casey Research Metals Division
Marin Katusa, Chief Investment Strategist, Casey Research Energy Division
Axel Merk, Manager, Merk Hard, Asian and Absolute Return Currency Funds
Andy Miller, real estate pro, Partner, Miller-Frishman
Jim O’Rourke, serially successful mine builder
Rick Rule, Chairman, Global Resource Investments
Explorer League Honorees:
Arnold Armstrong, President & CEO, International Enexco
Ron Netolitzky, Chairman, Brett Resources
Jim O’Rourke, President & CEO, Copper Mountain
Ron Parratt, President & CEO, AuEx Ventures
Duane Poliquin, CEO, Almaden Minerals
Simon Ridgway, President, Radius Gold
Roman Shklanka, Chairman, Kobex Resources
If you fancy the trip please click here.
Have a good one.
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