Jim Rogers: Little Reason for Optimism in Anything but Agriculture

I like Rogers because he doesn't use weasel words and hedge his predictions like so many of the other WS talking heads. You might disagree with him, but you know where he stands and where he's putting his money.

sometimes this guy draws a lot of negative comments, for perspective try googling his past track record. he is very wealthy by his own hand and advice.

Buy hard assets while you still can, folks, because the game clock is running down.

Rogers is one of the few who gets it - hyperinflation is inevitable. Imbalances are now so great that any useful austerity measures would simply cause such a reduction in economic activity such as to topple the powers that issue the fiat monies.

I plant vegetables every year. Not much room cause I live in a townhouse but make use of the garden beds I have.
Planting Crooked Neck Squash and Zuchinni this Jan. 30 (So California).
Will plant String Beans in March.
My natural resource stocks are Canadian Oil Stocks and one Gold Mining Co.
All pay dividends but one.
Keep it simple and you can't go wrong.

You're right on the money Jimmy.

He must be doing something right, he has a lot more money than I. His point makes sense, we all know helicopter bernanke loves to print money and monsanto is doing everything they can to control crops and how many people do you know are preparing to be farmers..

Two critical issues when it comes to farming; availability of quality farm land and reliable water supplies, both of which are in short supply.

anyone putting trust in our bonehead politicians to do the right things to dig/legislate ourselves out of the hole they got us into, should have their head examined. our budget deficits are miles and miles away from being tamed. we have $trillion deficits baked into the pie for at least the next 10 years. then add in the unfunded liabilities for soc sec and medicare and you've got a bankrupt nation 50 times over. americans should prepare themselves for a much lesser role for the US in world affairs. our diminished negative wealth will necessarily result in reduced economic political and military might. we've become a 2nd rate country. understand this and you'll position yourselves for a very different future.

I think this Rogers has a better than even chance of being correct, at least for US stocks. Our continued search for the lowest possible production costs kills jobs domestically and does not create significant consumer markets overseas. This will continue to cut into corporate profits over the coming decades. Profits are undesirable in a truly competitive marketplace because they add to final product cost. In other words, lower profits make for a more competitive company in the short term. One just has to look at the manufacturers of TVs to see the effects of open, unfettered competition. Unfortunately, profits drive innovation, and the lack of profit means industry stagnation, which means lower future sales, and so on. Killing the customer kills the business, and we've been causing the customer a lot of pain over the last 30 years.

I have a lot of respect for Rogers but his advice to play commodity futures is totally unsuitable for ordinary investors. As to ETF that tracks commodity futures, look at one example like DBA - it is basically going nowhere for the last 5 years.

best hard assets to be in are bullets

It seems to me JIm Rogers is on to something. When you look at a five year chart of MOO or DBA, they seem to perform well with Gov't stimulus in place, however, they fall like a stone as the stimulus peters out. I guess deflation returns when markets are not proped up by Gov't spending, how long can this last? Shortages will cause prices to rise as well, but that doesn't seem to be a problem as of yet. I say watch out for deflation to return. Ex- Gov'ts excessive spending, housing is still way too expensive in the DC area, using an inflation calculator to adjust for housing prices from 40 years or so ago. A house that sold for $38,250 in 1971 should be worth about $210,640 in todays dollars, but will bring closer to $500k. Still a lot of room to fall I think. Housing should beat inflation, but only by 1-2% a year. the house should be worth about $325,600 today.

I like Jim. He was guest host for an hour on a stock show that said "email your questions for Jim". I did but it was too late for the show, the show said they would forward the question. Jim answered me back via personal email and has promptly responded to a couple of questions since. When he doesn't now why corn went up he says "I have no idea". Disclosure, I own RJA

Many invasive plants are showing toleranc e to the monsanto herbicides and in the next 5 years their cuts to production will start to show up, meaning less supply and higher prices. Demand of 9 billion mouths will ensure it so. Right now farmers are learning to "stack" their herbicides (meaning make multiple applications of different brands). This will slow down the resistance buildup but not prevent it. Start learning to garden now. Cheap, tastier food, less poison.

i hope his prediction for a decline in the price of gold holds true. i own plenty of gold at much lower prices but would welcome the opportunity to load up the truck at $1200 the ounce. paper currencies always fail and we have a ringside seat watching the destruction of the US dollar before our very eyes. exciting and potentially lucrative times are upon us if we use our minds to exploit chaos. folks, a new reserve currency is in the offing (backed in whole or in part by gold) and those with gold will emerge wealthy and those holding only US designer toilet paper dollars will lose virtually everything. do what you need to do to protect yourselves and your loved ones. the signs could not be more obvious.

I still like silver not gold.

did he check the CME futures prices this morning i did flat line with increase in production cost and equipment OH I GET IT its government farm programs he was talking about

What a one tune Charlie this guy has been for... let's see... nearly two decades?

Moved to Singapore to avoid the jail time when the Amer. public finds out what he and Soros have been doing.

american farmers are fed by working class and it needs to stop if they cant make it on theyr own get out of farming sickining freeloaders milking the working class.ALL WE HEAR IS I CANT MAKE IT. 28 PERCENT RISE IN PROFITS LAST YEAR 4 YEARS BUMPER CROPS FREELOADERS!