JC SiLent:You cant be that far away from me ; if we're looking on the same side of the moon
Thursday, April 24, 2008
Sharing 1
Investment golden rule
fr Quantum Fund co-founder and commodities guru Jim Rogers in CNA programme "When The Bears Are Out - Invest Wisely"
[I in the article refer to Jim Roger]
- Today Online 19 Apr 2008 -
1. Is it wise to invest in gold now and a valued asset?
- Plan to buy more gold.
- If adjust the old highs fr 27, 28 yrs ago, gold shld be more than US$2,000 an ounce just to get back to its inflation-adjusted high
- Bull mkt has anoth 10 or 15 yrs to go
- Not selling gold
2. Commodities mkt outlook
- Has been the best place in the last 10 yrs
- Commodities are up 400 per cent in the last 10 yrs
3. Argumed tt when commodities have gone up so much tt they will not go further up, but down?
- I happen to think commodities have at least anoth 10, 15 yrs to go in bull mkt
- No supply of anything = serious problems of commodities supply
- Booming commodities dd fr growing population and economy esp in Asia
[eg]
- No major oil field discovered in more than 40 years. All oil fields in the world declining
- No of hectares devoted to wheat farming has been declining for more than 30 yrs. Lowest food inventories in 60 yrs.
4. Tips to survive a turbulent 2008
- Buy low Sell high
- Fig out what you know a lot abt, do some homework and invest in it
- Dun listen to anyone
- Just stay with what you know and invest accordingly
- I don't expect to sell commodities until 2018
- I am buying Taiwan, Chinese shares, SGD, RMB, Swiss franc, Japanese yen, commodities esp agricultural commodities,
- I am selling short invt banks in USA if they rally
Conclusion: Agree with some point. Did and will do some of the above
& 9:02 pm