저자: JimRogers · 외국인
요약 보기
짐 로저스는 과거 미국 증시 장기 상승과 높은 밸류에이션을 경계하며 현금과 달러 보유 비중이 크다고 밝힘. 미국 재정 상태는 나쁘지만 위기 시 달러가 안전자산으로 강세를 보일 수 있다고 봄. 중국 주식은 침체 상태라 보유 중이며 우즈베키스탄 등 신흥시장에 관심. 금은 사상 최고, 은은 고점 대비 40% 하락해 은 매수를 제시. 원자재와 일부 국가 주식·통화에도 관심 표명.
다듬은 글
I'll use America since that's the largest stock market the American Stock Market has been going up for the longest in American history never in American history has the economy and the stock market done so well for so long maybe it's going to go on forever Washington says it will don't worry but when Washington says don't worry I worry I'm delighted to be here yes my name is Jim but I don't have a job so so maybe I shouldn't be here I don't know I know we cannot talk too much about that but I will say to you as far as investing is concerned in other places at the moment I'll use America since that's the largest stock market the American Stock Market has been going up for the longest in American history never in American history history has the economy and the stock market done so well for so long maybe it's going to go on forever Washington says it will don't worry but when Washington says don't worry I worry I worry a lot so as far as my investments are concerned I have sold nearly all stocks all over the world the only places I still have shares are China the China stock market is depressed it's one of the few stock markets in the world is depressed and usbekistan who bistan was an old Soviet whatever they call them Soviet economy which was ruined by the Russians now it's changing and so usbekistan may be an extremely exciting place to make money China may be too so other than that I am worried about the world I will repeat the US Stock Market has had no problems for the longest in American history so I'm very very worried about what to do with my money I have a lot of cash and I have the cash mainly in US Dollars the reason I have it I mean the US is a terrible place as far as fundamentals the US is the largest deor nation in the history of the world and it's getting worse every day so you will Pro you should say well why do you own US Dollars and the reason I own US dollars is because when the turmoil comes people will look for a safe haven and many people that think think the US is a safe haven it's not we're the largest deor nation in history but because people think it's a safe haven the US dollar will go up if it happens that way I'm hope I'm smart enough to sell and and now one of these smart panelists is going to say well what are you going to do with the money then and I don't have an answer maybe you have an answer I don't know where to put my money when I sell my US dollars so we will listen to them to find out uh Jim back to you I'll ask you two questions one about China One about the US and they're kind of obious questions uh the first one is about China and I'm sure you get this question all the time don't you get tired of staying in China because the stock market has not been great uh in recent times and you know people say cin ping doesn't like business and probably he has a say on what happens in China so what drives your continued optimism about China well I will hasten to tell you again I make many mistakes and I have made many mistakes in my life if you want me to I will tell you about my first wife oh my God what a mistake that was so I have made many mistakes but as I look around the world China is one of the few countries if not the only which is rising China has had in its history has been on top three or four times it has collapsed three or four times in history in my view it is now Rising again and the Chinese market is depressed most stock markets around the world at the moment are at their all-time high or near their alltime High China is depressed that doesn't mean it's a place to buy but as far as I can see the Chinese government is trying to revive the economy and to revive the country and I don't see any other markets that are depressed enough for me to buy the United States is at an alltime High High the Japanese Market was down for 35 years that is not a typo 35 years now it's gone up it's making new highs again I sold my Japanese shares I sold them too soon but I don't see many markets now that are depressed other than China so I for the most part have not investing in shares in many places around the world but China is depressed does that mean I'm right of course not of course not but it is depressed and maybe I have some a little bit of protection because it is depressed so just spending one more minute about this uh you said it's a depressed Market that assumes it's a market uh when we look at the share of private sector companies uh in listed market caps in China actually that goes down not not up if you look at the last last three years uh the share of s soes in the market cap aggregate market cap of the top 100 listed Chinese companies has gone sharply up not down are you confident it's the market I'm not confident of anything can't tell you I'm always worried I'm always afraid when I make an investment oh my gosh am I going to make a mistake no I wish it were that easy wouldn't it be wonderful if I could just buy shares and know that I will make money no I'm always worried and I am worried about my Chinese Investments right now but if I look at Japan if I look at America these are two major economies where the stock markets at an all-time high China is not at an all-time high is that mean I'm going to make money of course not but I don't see any other markets in the world right now that are somewhat down so my next question is not about usbekistan it's about the US and you alluded to the ability of the US to be the safe haven that people come to when there is a crisis one aspect of that is what uh now late uh French Minister called the exorbitant privilege the fact that the US can borrow a lot and there's always uh you know a demand for its debt now the US is making a lot of use of its exorbitant privileges these days there uh the deficits are out of control the debt is out of control the fiscal situation is unsustainable on basically any reasonable uh uh yard stick do you if it's unsustainable will it continue to be sustained well first of all you use the word Safe Haven I don't ever use the word safe when I'm talking about Investments I don't know anything that's safe if you do hooray tell me write it down give me a note no there's no such thing as a safe haven safe investment when you're talking about money and investment so my strong advice to all of you is only invest in what you yourself know a lot about if I tell you to invest in usbekistan and you cannot find usbekistan on a map do not invest in usbekistan stay with what you know I am American I know a little bit about America but I know that the American Stock markets at an all-time high I don't like to invest in things that are an all-time high I know your parents taught you to buy low and sell High I there many markets in the world I mean I invest in Commodities at times but even Commodities I mean gold is at an all-time high gold has never been this high if you want to to invest in Precious Metals I would suggest you invest in silver I own silver I would buy more silver today see I will show you he's taking notes here this is not a this is not a gift this is just an example we're watching but silver is down 40% from its all-time high gold is at an all-time high I own both but I would buy silver today because if the world has a big problem again many people will go to Precious Metals I'm an old peasant and all of us peasants know we need some silver in the closet we need some gold under the bed but there are other things cotton wheat oil many other kinds of Commodities and in the world in which we live today I had rather own Commodities and stocks in most countries in the world but their bonds their currencies you can invest in US dollars if you want to invest in currencies I hope all of you will learn about the other Investments besides just stocks in Korea or stocks in America because there are many ways to make money and I would urge you to start thinking about maybe some other things uh I'd like each of you to uh give a very brief response to a very complex question um where in the world at this point do you see Financial stability risk well I will go back to um the world right now most financial markets are booming and in my experience when everybody's happy it's a time for me to worry the one of the few places that I know is usbekistan usbekistan was a Soviet Republic it was ruined by the Russians it was ruined by the Communists but now there's a new crowd of people in usbekistan Who Running things the way that a meal would run things maybe that's right maybe not but if you cannot find usbekistan on a map do not invest in usbekistan you must invest in what you know if you're going to be successful what do you guys think about Jim Rogers assessment of the current market right now do you think the stock market is overpriced please leave your comment below we would love to hear from you thank you for making it this far if you like this video you might want to share it with a like-minded friend thank you and as always stay blessed
Comments 0