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Jim Rogers: I Am EXTREMELY Worried. DON'T Buy ANYTHING Right Now (But If You Must, Buy Silver).

Financial Wisdom · 2024-08-06 · 유튜브 시청 100,785 · Board Views 0 · International

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I am worried maybe you're not worried but I'm extremely worried because I know the next investment crisis is going to be the worst in my lifetime I'm going to use the us since that's more neutral for most of your audience us has not had a problem since 2008 2009 that's the longest in American history so America and therefore the world is long overdue for a problem and I will say to you I have a lot of cash the reason I have a lot of cash is because I expect the next selloff to be the worst in my lifetime because the debt has gone up by so very very much everywhere even India has de now so be you should be worried I am worried I am waiting for this collapse to come because I know it's going to be very very bad maybe it's here I don't know well I don't know you should watch ET now they know they they have the answer uh I would suspect th this I am not buying uh what I see here because I as I said I expect the next collapse to be the worst in my life lifetime we are overdue it's been many years since America's had a problem you know the world markets have had problems every few years for centuries It's Not Unusual India has been very strong but everybody has been very strong except China so we're overdue I am worried maybe you're not worried but I'm extremely worried because I know the next investment crisis is going to be the worst in my lifetime well usually there's no specific event which causes a market to top and start going down I don't know a specific event except the market is all markets have been going up for many years the Indian markets at an all-time high alltime high that's true of many markets around the world so when everybody's having a good time it start it's a time to start worrying well often and I I know what people think but often when markets start going down everything goes down gold silver everything now gold and silver often make the first bottom and start going up before the stocks do so this is not unusual for me I own gold I own silver as you know but I'm not buying now I'm waiting for a better chance I hope well ET now knows know more than I do I have a lot of cash I am not spending my cash yet I would like to have more cash because as I to repeat when the next Market collapse comes it's going to be the worst in my lifetime because things have been so good everywhere for so long always in history when everybody is making a lot of money it's a time to worry and so I am worried I have some silver and I do have my silver challeng yes yes yes I'm drinking tea so so so so is that where money is to be invested right now other than the cash pile that you're sitting on everybody has to put their money where they want I would rather have it in silver than many other things right now and why is that why is that for many years now you've liked silver why is that well silver is down 40 40 or 50% from its all time High many things the Indian stock market is making alltime highs gold is making all has been making alltime highs Silver's down it's hard to find things that are down Silver's down China's down some agricultures down but most things have been going up and been very strong my preferred asset class well if I can find a stock market that's down very very few only China's down that I know of so there are very few stocks that are down if I were buying today and I'm not I would probably buy silver or agriculture you have been around a long time you know that whenever something is cheap it's always a good reason the Bears always tell you many many reasons that things should be cheap make your own decisions I mean you can listen to ET now but you should make your own decision and I will tell you whenever a market goes down there will be many bears that will tell you why why it's going down and why it should stay down you have to figure it out for yourself I had rather buy than sell many things right now I'm not doing either I'm sitting here with a lot of cash a lot of cash in US Dollars I own silver I own gold if I were buying something today would buy silver well when markets go down everything goes down for a while uh so agriculture will go down silver will go down oil will go down but what if you want to make money you have to figure out what is going to come go back up first and in my view it will be agriculture it will be silver you know but everybody has been very very strong the American Market had its longest bull market in history it started in 2009 this is 2024 it has never lasted so long in American history well I've been optimistic about agriculture because agriculture has been depressed I know you I know your parents taught you to buy low and sell High agriculture's been depressed does that mean it's going to go up of course not but I had rather looked for opportunities in agriculture than in the Nifty 7 in America well I own US dollars because when the turmoil comes people look for a safe haven many people in the world think the US dollar is a safe haven it's not but people think it is so I I still own a lot of US Dollars somewhere in this turmoil the US dollar is going to go up I hope I'm smart enough to sell it now I know you're going to say to me what should you what would you buy I don't know I will watch ET now well if I were buying something today if today were the bottom I mean the top of the US dollar I would buy silver but I don't know I don't I doubt if this is the top of the US dollar if we go into a bare Market in many countries the US dollar is going to be much stronger and I hope if that happens I hope I'm smart enough to sell the US dollar but I do not know where I'm going to put the money I will watch ET now to find out well I have sold M most of my shares everywhere in the world uh a few places I still have shares so I don't have anything I want to sell as far as I because I have so much cash in US dollars right now but I have not sold short you ask a very good question I hope I'm smart enough to sell St start selling short and when I start selling short I will sell those seven or eight stocks in the US that have been so very very hot but I am not selling short yes maybe because I'm lazy maybe because I'm not smart but I have not sell I will not sell India short I will sell the US short

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