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I am looking for things to Sell now; Only Buying Silver : Jim Rogers



Investment Guru Jim Rogers, says "India is at an all-time high. Somebody has done a brilliant job in India. India has been a very successful market in the last few months. So, I am not buying because it is doing so well. But if and when things get cheap again in India, I hope I am smart enough to buy. Many people in the world are beginning to think that India could be a competitor or replacement to China. I do not think quite that way but I do know that India has done a good job. India is publicizing it. India is getting better known for its economy, for its markets."


Rogers also says: "Between gold and silver, I would buy silver now. Silver is much cheaper on a historic basis. I will probably be buying more silver soon if it continues to go down. I will buy more gold if and when it goes down.

Where is Jim Rogers betting on - country/commodity and why?

I'm keeping away from most things right now; bonds are in a bubble and have been for a few years; they've never been this costly. Stocks in India are at all-time highs, as they are in many other nations. I dislike purchasing items at all-time highs. Property is a bubble in many locations. Property is in high demand in Korea, New Zealand, and areas of India. Real assets and commodities are the only things that are not in a bubble. Sugar is down by 60% or 70%, while silver is down by 60% from its all-time high.

So, commodities are something you're investing your money into right now?

I have some, to be sure. But I'm not going to buy anything right now. I'm sitting here, watching. If anything, I'm searching for items to sell since we've had the longest bull market in American history. I know it will come to an end. ET may be able to tell me when it will come to an end, but I know it will. I'm not very good at market timing, so I'm not sure what to do except cut back on everything.

India's GDP print remains strong. How do you see this compared to the world in terms of GDP growth and the macro prospects?


To begin with, I am skeptical of any official data, whether they are from the United States, Germany, or elsewhere. So I'm not sure. But, based on what I've read, the Indian economy is doing quite well. As I said, some countries right now are having very prosperous times. The Japanese market is finally going up after 30 years . India has done a great job, not because of me, because of you

We are also approaching the big event in which India is hosting the G20 meet here in Delhi. How do you see that?

Well, for whatever reason, more and more people are realizing that India is not the same India as it was 50 years ago or even 30 years ago. India has made many changes to the economy, to everything and so India is becoming a better publicized and better known country where positive changes are taking place. So this is just going to bring more attention to you.

You have talked about the macro prospects about India but how are FIIs looking at Indian markets?

Well, many people in the world are now comparing India to China. Many people in the world are beginning to think that India could be a competitor or replacement to China. I do not know. I do not think quite that way but I do know that India has done a good job. India is publicizing it. India is getting better known for its economy, for its markets.


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I am looking for things to Sell now; Only Buying Silver : Jim Rogers

Investment Guru Jim Rogers, says "India is at an all-time high. Somebody has done a brilliant job in India. India has been a very successful market in the last few months. So, I am not buying because it is doing so well.