Part 4 is interesting. I recently went back to Gerald Loeb's 1935 classic, "The Battle for Investment Survival" to review his thinking on diversification (he bashes the notion that diversification will save a portfolio in hard times ... a fitting observation 75 years later ... but that's another story). I came across these remarks Loeb made on hard assets. Thought I'd pass them along, if only to give food for thought to those who take Rogers' observations with a grain a salt (which I, myself, do)...
"In the history of the world we find the record of savings really saved through buying gold, hoarding precious stones, and other forms of "hard wealth" privately secreted. In the future history of American most of us will, in my opinion, learn this lesson too late. Currently this is a personal matter for each individual to decide and execute for himself without consultation.
"Curiously, it is those of slight wealth who need this sort of protection rather than those of great means who can really suffer large depreciation without really feeling the loss. And it is usually the latter who are best fitted to cope with the problem."
Agcapita
· 9 months ago
The two farmland funds Jim Rogers is involved with are:
Agcapita Farmland Investment Partnership (Canada)
and,
Agrifirma Brazil Limited (Brazil)
W. Baer
· 5 months ago
I am always interested in Jim Rogers market comments but noticed unfortunately that there is no print button on such email reports nor does my printing system print such news out. I have the suspicion that his critical news are banned from printing. Also his mail texts on the screen are faintly readable in very faint blue colour I am 75 years old and do not want to buy new glassesjust for this purpose. Please verify and correct the problem. Thanks for your assistance and best regards. W. Baer June 18, 2009
marketfolly
· 5 months ago
W. Baer, thank you for your comment. Are you looking to print this news article out or what are you trying to print out? I will contact you by email to try and resolve this issue.
James Hare
· 5 months ago
You don't tell us any specifics and whenyou say you will, we are usually talking about another subscription with a good size fee. I am sorely disappointed. Anyone can be vauge.
marketfolly
· 5 months ago
James, thanks for the comment but I'm a bit confused here. What specifics are you talking about and what subscription are you referring to?
heywally
· 5 months ago
"This is the first time in world history that every government in the world is printing money."
What's to prevent the world - in the event of such a dire outcome - from holding an economic summit and 'wiping the slate clean' on most debt and related economic liabilities? China might not like it but they are dependent on the U.S, Europe, Japan, etc to feed their economic machine ... stranger things have happened. Such a meltdown could even by used to forge a level of international cooperation never seen before - the 'common enemy'. My point is, trying make a big long range prediction like the one Mr. Rogers is making is so very difficult because of all the variables and because the core rules could very well change.
No long term positions :)
marketfolly
· 5 months ago
Interesting scenario to say the least. And what's quite scary is it's not out of the realm of possibility. Hopefully things do not deteriorate to that level. Long term trends are indeed very hard to predict, but Rogers is well-known for his distaste for market timing and his secular theme savvy. He'll identify the trend and then wait it out. Unfortunately, many do not have the patience for his investing style.
All Comments
"In the history of the world we find the record of savings really saved through buying gold, hoarding precious stones, and other forms of "hard wealth" privately secreted. In the future history of American most of us will, in my opinion, learn this lesson too late. Currently this is a personal matter for each individual to decide and execute for himself without consultation.
"Curiously, it is those of slight wealth who need this sort of protection rather than those of great means who can really suffer large depreciation without really feeling the loss. And it is usually the latter who are best fitted to cope with the problem."
Agcapita Farmland Investment Partnership (Canada)
and,
Agrifirma Brazil Limited (Brazil)
unfortunately that there is no print button on such email reports nor
does my printing system print such news out. I have the suspicion that
his critical news are banned from printing. Also his mail texts on
the screen are faintly readable in very faint blue colour I am 75 years old
and do not want to buy new glassesjust for this purpose. Please verify
and correct the problem. Thanks for your assistance and best regards.
W. Baer
June 18, 2009
What's to prevent the world - in the event of such a dire outcome - from holding an economic summit and 'wiping the slate clean' on most debt and related economic liabilities? China might not like it but they are dependent on the U.S, Europe, Japan, etc to feed their economic machine ... stranger things have happened. Such a meltdown could even by used to forge a level of international cooperation never seen before - the 'common enemy'. My point is, trying make a big long range prediction like the one Mr. Rogers is making is so very difficult because of all the variables and because the core rules could very well change.
No long term positions :)