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Jim Rogers joins the bandwagon of pessimists I don't see how this crisis isn't going to be the worst of my life veteran investor Jim Rogers who co-founded the quantum fund with billionaire investor George Soros sensed that more bear markets are coming and that the next one will be the worst of his life noting that many stocks will fall 90 percent he stressed that investors will lose a lot of money what is the famous investor Jim Rogers referring to with these words and what is his perspective for the future we will see all this in today's video so stay until the end because what we will see will interest you a lot let's start foreign Rogers says that the worst bear Market of his life is this famed investor Jim Rogers warned of an incoming bear Market that will be the worst of his life in an interview with Kitco news published last week Rogers is the former business partner of George Soros who co-founded the quantum fund and Sorrows fund management citing that we are in a bear market right now and predicted that the worst is yet to come more bear markets are coming the next one is going to be the worst of my life explaining that in 2008 we had a problem with too much debt he noted that debt has skyrocketed ever since debt oh my gosh look out the window Dead has skyrocketed everywhere so the next bear Market has got to be horrible he opined how can it not be a horrible bear Market I mean the United States has increased its debt multiple times since 2009.
Japan my God they can't even count the dead in Japan in many countries of the world the debt goes up and up more and more 2008 was because of too much debt it is much worse now Rogers also tells us a lot of stocks are going down seventy percent eighty percent ninety percent of course that is going to happen I just don't know when I predict that it could be at the end of 2023.
it's been 13 years since we've had big problems and that's the longest in American history he noted adding that it's already historically behind in addition he detailed we have very high valuations we have amazing debt we have a lot of new investors coming in it's not my first rodeo I have seen this movie I know how it works everyone is going to lose a lot of money I hope I'm not one of them Jim Rogers also weighs in on U.S dollar dominance Rogers also reiterated his view that the U.S dollar will lose its dominance stating that the war between Russia and Ukraine has accelerated it the veteran investor described the world's International medium of exchange is supposed to be neutral anyone can do what they want with it but unfortunately Washington is changing those rules Washington says if they don't like you you can't use the U.S dollar and people say wait a minute an international medium of exchange is supposed to be neutral that's not the way it's supposed to work he claimed that the U.S government has shown that it will take your money if it doesn't like you the United States has seized a lot of people's assets because they don't like them Rogers emphasized explaining a lot of countries even our allies are now looking for something to compete with the US dollar because it could happen to them you know suddenly Washington could say you're finished Roger is also commented on bitcoin confirming that he has not bought any BTC here reiterated his opinion that if cryptocurrency succeeds as a currency governments will ban it because they don't like competition it's going to be government money Jim Rogers issues a dire warning to crypto investors and here are two shockproof assets he likes number one silver precious metals are an option for investors in dark times and Rogers is a long time advocate silver is probably less dangerous than other things gold is probably less dangerous he told eastern time now gold and silver cannot be printed out of thin air like Fiat money so they can help investors preserve wealth in periods of inflation at the same time their prices tend to remain resilient in times of Crisis but that doesn't mean they are crash proof I don't buy them now because in a big collapse everything collapses but I will probably buy more silver when it goes down a little bit more silver is widely used in the production of solar panels and is a critical component in the electrical control units of many vehicles growing industrial demand in addition to its usefulness is a hedge make silver in particular an attractive asset for investors you you can buy silver coins and bars directly from your local bullion shop you can also invest in silver ETFs like issues silver trust SLV number two agriculture you don't need an MBA to see the appeal of farming in a bear Market no matter how big the next Crisis is no one is crossing food out of their budget Rogers sees agriculture as a potential refuge in the next crash silver and agriculture are probably the least dangerous things in the next two or three years he says for a convenient way to gain broad exposure to the agriculture sector check out the Invesco DB agriculture fund DBA it tracks an index made up of Futures contracts on some of the most widely traded agricultural Commodities including corn soybeans and sugar you can also use ETFs to take advantage of individual agricultural products the two cream wheat fund wheat and the two cream corn fund corn have gained 13 and 19 respectively in 2022 Roger is also like the idea of investing in farmland unless we stop wearing clothes and eating food agriculture will improve if you really love it go and get a farm and you will get very very very rich he told Financial advisory firm wilty in late last year number three the Fine Arts is an investment stocks can be volatile cryptocurrencies have big swings either way and even gold isn't immune to Market ups and downs that's why if you're looking for the best coverage it might be worth checking out a real yet overlooked asset Fine Art contemporary artworks have outperformed the SNP 500 by 174 over the past 25 years according to the city Global Art Market chart and it's becoming a popular way to diversify because it's a real physical asset with little correlation to the stock market on a scale of minus one to plus one with zero representing no link City found that the correlation between Contemporary Art and the SNP 500 was only 0.12 over the past 25 years earlier this year Bank of America Chief investment officer Michael Harnett singled out works of art has a clear way to outperform over the next decade do in large part to the assets track record as an inflation hedge dot investing in art from the likes of bang Banksy and Andy Warhol used to be an option only for the ultra rich but with a new investment platform you can invest in iconic works of art like Jeff Bezos and Bill Gates do
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