"My prediction? Pain."
--Clubber Lang (Rocky III)
Jim Rogers checks in w/ his thoughts on 2012. He is not optimistic, but does note that markets could be propped up as gov'ts print and spend ahead of big elections in order to buy votes.
Also thought this extended interview w/ Glenn Beck was interesting. It is easy to see why Beck left the mainstream media system. He can now ask questions that he could not have when under the control of someone else.
JR does not mince words. But what is interesting here is that Beck's format made JR perhaps let is guard down even more and let it fly. He obviously foresees a rough road ahead.
He pulled a couple of 1 oz gold coins out of his pocket that he picked up on his way to the interview. He shows a Canadian Maple and a Chinese Panda.
His favorite commodity sector continues to be ags, and he says that he buys the Rogers ag index.
position in RJA, gold
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Agriculture would be the single most interesting opportunity over the next 10 to 20 years.
Vulpes favors investments in metals, energy and food, and dislikes government bonds.
Being long stuff in the ground is going to be a better place to be than holding pieces of paper.
~Stephen Diggle, Vulpes Investment Management
The City of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods in charge – the farmers and the miners.
~Jim Rogers, The Telegraph
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