Jim Rogers: ‘Nobody gets out of this situation until there’s a crisis’

Thursday, May 30, 2013
By Paul Martin

GoldMoney.com
2013-MAY-30

Félix Moreno: Please tell us about your new book, Street Smarts. What was your motivation for writing it?

Jim Rogers: To my surprise people tell me it’s my best book. I never would have expected this reaction. I’ve written a few books about specific things, but my publisher said, “look, you’ve never sort of pulled it together: how did you get from the backwoods of Alabama to Singapore” – among a few things. I had a few setbacks along the way, and a couple of successes. So I sat down to put it all together in the book, how it all worked and everything seemed to be worth it. Some people seem to enjoy it, to my delight.

FM: I enjoyed it – I especially liked the story about your start at the Quantum Fund and your trading days, before retiring at 37. I also enjoyed your book Hot Commodities, in which you talk a lot about the current bull market in commodities. You set up your commodity index fund in 1999?

JR: It started on August 1 1998. The first bull year was 1999.

FM: You always say in your interviews that you are not a very good market timer, but I beg to differ. I’d like to turn to gold: you are one of the few gold bulls who had actually been calling for a correction in the past few months, or at least saying that we were in a correction and that, even though you were very optimistic in the long term, we should expect lower prices now. You must feel vindicated now.

JR: Every once in a while I get it right. Even I get it right sometimes. Vindicated? I don’t take any great pleasure in it. I just talk about the way the world works. It’s reality. Unfortunately some people don’t like to see how the world works, but yes, I did happen to get it right this time.

FM: So what is your opinion on the current state of the gold bull market. You’ve said repeatedly that you expect it to go much higher this decade. How do you see it right now?

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter