VRIC Media, Released on 12/3/24
Jim Rogers sees the complacency and euphoria in today’s markets, along with skyrocketing debt level worldwide, as a dire warning signal that a bear market of epic proportions is on the horizon, and those who aren’t prepared could be wiped out entirely. Jim emphasizes the importance of holding physical gold and silver in these turbulent times, the potential opportunity in emerging market stocks, and explains why he’s mostly sitting in cash at the moment.
00:00 Introduction
00:46 What is Jim Watching in Markets Today?
02:15 Trump and DOGE
03:37 Consequences of Tariffs
05:55 Debt Issue is Global
08:17 Return to a Gold Standard
10:20 Is it Time to Invest in China?
13:15 Opportunity in Uzbekistan
16:36 Is Germany a Contrarian Play?
18:05 Outlook on Commodities
19:09 Gold and Silver Miners
20:25 Fixed Income Market
21:45 Jim’s Cash Position
22:58 Having a Plan B
24:52 Being Geographically Diversified
26:08 Jim’s Biggest Mistakes
28:43 Will Jim Short the Market?
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller), Adventure Capitalist, Hot Commodities (NYTimes Bestseller), A Bull in China, A Gift to My Children, and most recently, Street Smarts.