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Jim Rogers and gold.

MesquiteMesquite Posts: 4,075 ✭✭✭
in Precious Metals
He says ... stop buying gold and get into agriculture. Your thoughts?
There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
–John Adams, 1826

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I share his views........Since he already owns silver and gold he is looking for under valued assets. Note, he is not selling gold and silver. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    When has land investment not been prudent?......
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    He is probably quite correct. Just be wary of the communists. Van Jones quite clearly stated, "we will take their farms".
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Very good. I understand that JR is not talking about selling gold and the current "political risks" we are facing these days. If someone wanted to diversify into agriculture I think they would be best served by buying shares of an agricutural etf (MOO, for example) with new US dollars. However, would you be inclined to sell some gold (5-10% of your physical) to claim a stake in MOO? Just thinking JR's words through and considering portfolio options going forward.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • DNADaveDNADave Posts: 7,271 ✭✭✭✭✭
    eventually, Water will be the thing to have.
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Very true.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Someone with experience in ETFs should chime in. I'm not a strong SHTF kind of guy, however, we are in for some high inflation rough times ahead, I believe that a degree of SHTF is plausable. Gold and silver have several virtues including the fact that they are in your possession (whether or not you can eat them or use them to buy something you can eat is irrelevant to this discussion). An ETF is in the possession of that outlet on the wall. As long as you have the internet and/or a telephone you can direct things. In a true SHTF senario, I expect that the outlet on the wall will be dead. What then? Are you not just as screwed as you were owning anything that someone else was holding for you?
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>He says ... stop buying gold and get into agriculture. Your thoughts? >>



    I'm not sure you quoted him correctly.
    He didn't say stop buying. He said he's not buying at these levels.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Very good. I understand that JR is not talking about selling gold and the current "political risks" we are facing these days. If someone wanted to diversify into agriculture I think they would be best served by buying shares of an agricutural etf (MOO, for example) with new US dollars. However, would you be inclined to sell some gold (5-10% of your physical) to claim a stake in MOO? Just thinking JR's words through and considering portfolio options going forward. >>



    MOO is ag stocks such as DE, MON, MOS, AGU, and CF as well as ADM, to name several.

    I think he's suggesting CORN.... the commodity itself. There aren't too many of these single commodity ETNs though.
    I think there's a cotton etn and a sugar one as well. CRUD is crude oil....
    "Poets are the unacknowledged legislators of the world." PBShelley
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>He is probably quite correct. Just be wary of the communists. Van Jones quite clearly stated, "we will take their farms". >>



    The Reds never learn. Once they take over the farms they ask themselves, "does anyone here know how to run a farm?" Then it's food shortages and population control.
  • cone10cone10 Posts: 1,021


    << <i>eventually, Water will be the thing to have. >>



    Bingo! I'm reminded of the old western saying "Woman you fight for, water you die for"
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>He is probably quite correct. Just be wary of the communists. Van Jones quite clearly stated, "we will take their farms". >>




    Yup even if those "farms" are a 50 X 100 ft plot.image

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    some property is still not wrong. ya cant make no more
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Agricultural Commodities ETF List

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • yellowkidyellowkid Posts: 5,486 ✭


    << <i>When has land investment not been prudent?...... >>



    Unless your buying waterfront or some other desirable property, it can sit in the doldrums for years. This I know.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>When has land investment not been prudent?...... >>



    Unless your buying waterfront or some other desirable property, it can sit in the doldrums for years. This I know. >>



    ......and you pay property taxes year after year. Don't forget that the government knows that you own it and can take it from you under the right of eminent domain.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭


    << <i>He says ... stop buying gold and get into agriculture. Your thoughts? >>




    Hmmm. I wonder what country has the best arable land and the most experienced farmers using the latest in technology and ecological methods?


    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>When has land investment not been prudent?...... >>



    Unless your buying waterfront or some other desirable property, it can sit in the doldrums for years. This I know. >>



    ......and you pay property taxes year after year. Don't forget that the government knows that you own it and can take it from you under the right of eminent domain. >>




    The case of Kelo vs. City of New London, CT drew national headlines a few years back as the City wanted to take a few blocks of relatively run-down neighborhoods and turn them
    into luxury hotel/condos to help boost the tourist trade at the Thames River waterfront. Pfizer's new $350 MILL campus was located next door as well. The only problem was that
    the housing crash sunk all these plans as developers disappeared. Kelo lost in court and had to give up her home to the City. Now that the City got this property what's happened
    since? Pfizer did a merger and closed that fancy campus. Someone has since come in and purchased it for pennies on the dollar. The neighborhood taken by eminent domain now
    sits leveled and vacant with the only thing left being concrete foundations, shrubs, and weeds. The City doesn't even get the property tax revenues it once did. A lose-lose all
    around. The City lost $78 MILL in buying the properties and lost tax revenues from both homeowners and Pfizer. The govt always knows best. The case ultimately made it to the
    Supreme Court and the homeowner lost in a 5-4 decision. A few times a year I find myself in that area and marvel at the wastage.

    Kelo vs. New London

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Jim Rogers I seen this last night on Bloomberg.
    Avid collector of GSA's.
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