Source: Tom Beck for The Gold Report 04/02/2017
Tom Beck, editor of Portfolio Wealth Global, says if he’s learned one thing in the markets, it is that Jim Rogers never misses a big long-term investment thesis, and that Rogers has basically told investors to “forget China, buy Russia.”
Jim Rogers first visited Russia in 1966 and was pessimistic for almost five decades, but he now sees Russia’s vast natural resources (it’s the world’s largest petroleum producer) and that it is not a significant debtor nation.
The global economy is in deep trouble, more than any other time in this 75-year debt cycle, and I am, for the first time, making big bets with commodities—specifically precious metals and gold stocks.
Rogers is long the ruble and Russian markets. “I was bullish on Russia before Trump came along with his positive comments,” he says, but I think he is bullish because of this chart.
He has been buying gold on dips, but I’ve read all of Rogers’ books over the years, and I think the reason he is all over Russia is because it is not Trump’s major enemy in the trade war.
A more aggressive stimulus plan is going to embark this year, and I wouldn’t be surprised to see central banks using their lawful loopholes to create “direct injection” programs for the U.S. economy.
A country that adds gold reserves to their system will thrive in this inflationary environment much better than countries that dump gold and buy dollars and Treasuries.
This is why, on top of high-yield, under-the-radar investments, I am following Jim Rogers into Central Asia—specifically with regards to gold.
Gold miners are going through a tough cycle because they can’t find new deposits easily, but that’s not …read more