Jim Rogers remains cautious, saying that the US markets have had the longest bull run stretch in his lifetime.
For that reason, Jim Rogers claims to have sold all his US stocks.
“Stock rallies have never gone on forever, so I am worried,” he said.
Jim Rogers sees concerning signs globally, such as excessive public debts, geopolitical instability and social tension, and he believes momentous problems are imminent.
“I have sold my US stocks,” he recently said.
He envisages that in 2025, it will come to an end. It has already been the longest bull market in American history, he reiterated.
“The US market has been powerful since 2009,” said Jim Rogers. But he thinks the best days are over.
“Jim Rogers claims to have sold all his US stocks”
WEALTH TRAINING COMPANY
Jim Rogers remains cautious and likes the perceived safety of the dollar
“The world thinks the US dollar is a safe haven, so I have put my money into US dollars. It is not a safe haven. America is the largest indebted nation, but people think it is,” he said.
He has sold most of his global stock holdings and is sitting it out in US dollars.
“I own US dollars, but I don’t own many other currencies,” he said.
He believes that in times of uncertainty, people will flock to the perceived safety of the US dollar, and he is betting on selling the dollar’s appreciation.
Jim Rogers remains cautious with the new Trump administration
He believes Trump will make it the administration’s policy to keep a strong dollar and re-industrialise under a wall of tariffs with his America First policies.
Jim Rogers likes precious metals. He thinks silver is relatively cheap compared to gold.
“Silver is also down almost 50% from its all-time high. Gold is making all-time highs,” he said.
“I still own silver, and I probably will buy more. I will not add to my gold,” he said.
“I own US dollars, but I don’t own many other currencies”
JIM ROGERS
Jim Rogers remains cautious regarding stocks but bullish on carbon energy.
“The world is running out of known oil reserves, and demand is not disappearing, and when prices go down, demand will go up,” he said.
So, Jim Rogers will add to his carbon energy holdings if prices keep declining.
He also thinks agriculture will provide the best returns for investors in the next few years.
He is optimistic about India, believing it will grow in importance.
He thinks Indian agriculture is cheap.
Jim Rogers has no investments in AI because he said he is not technical enough to understand the technology.
Jim Rogers remains cautious, believing US interest rates could head higher because the US keeps printing and borrowing money
“I don’t understand why anyone would lend money to the US,” he said.
He thinks the US debt is a big bubble.
So, how can the USD be a safe haven currency?
He thinks Trump’s waving creates market uncertainties and believes a trade war would benefit nobody.
Want the latest investor news as it happens?
Subscribe to our Investors Newsletter
You have Successfully Subscribed!
Rate:
