Wednesday
Some of his enthusiasm for commodities may have taken a bit of a hammering of late, but I always enjoy what this much-travelled man has to say. He's a free marketeer with a nice, engaging way of putting his argument across. Take a look at this interview if you have some time.
I'm lucky enough to have known Jim for a while (he gets quite annoyed if you call him Mr. Rogers), and audited the class he taught at Columbia at his invitation. He's one of the two smartest people I've ever had the pleasure to meet in person. (The other was William F. Buckley Jr.)
Note he sold his NYC townhouse and moved to Singapore a few years ago, a move that in hindsight seems like sheer genius.
I don't agree with everything he says, and he does get hyperbolic at times, but ignore him at your peril.
Posted by Tucker at March 25, 2009 07:33 PM
Governments can sell some of their stockpiles to hurt people who invest in gold and silver (remember what happened to the Hunt brothers) however, if "Jim" invested in gold and (especially) silver when he says he did - then, regardless of recent falls, he is has made a vast profit (although I think he will sit on that profit rather than convert it into currency he does not believe in).
The normal rule applies - buy before everyone else is bidding up the price.
Leaving the United States before the passing of the 2004 Act (which tried to collect taxes even from people who renounced citizenship) was a good move.
In fact it is still a good move.
For example, someone who moved to New Zealand (and never returned to the United States - even for a short visit) and renounced citizenship would be safe from the I.R.S.
Unless the world government stuff comes into effect of course.
Posted by Paul Marks at March 25, 2009 10:43 PM
Peter Schiff's Henry Hazlitt Memorial Lecture:
http://www.youtube.com/watch?v=EgMclXX5msc
And Marc Faber's 'tired' but excellent analysis:
http://video.ihned.cz/c3-35695930-0V0000_d-video-cely-rozhovor-s-investorem-markem-faberem
As with Jim Rogers its difficult to fully subscribe to their views. Yet, they're shrewd economists who called it right and blame government for the current ills. Good videos for friends who say its the fault of lasyfarefreemarkitcapitalizm init?
Posted by moonbat nibbler at March 25, 2009 10:50 PM
I like the bit when he says there might be a time when people won't lend to the UK like people won't lend to Iceland, "right that down" and then what do we see today, Gilt market failure.............. uh oh
Posted by Phil at March 25, 2009 10:56 PM
Read Jim Roger's books, they are very entertaining and you will learn something about investing.
Posted by tranio at March 26, 2009 06:18 AM
Kudos to Channel 4 for giving him airtime. If I hear anyone else from Will Hutton's 'Work Foundation' on the BBC i'll scream.
Posted by James at March 26, 2009 11:18 AM
Kudos to Channel 4 for giving him airtime. If I hear anyone else from Will Hutton's 'Work Foundation' on the BBC i'll scream.
Posted by James at March 26, 2009 11:19 AM
