JIM ROGERS ON GOLD: RATHER GO ALONG WITH “BARBARIANS” THAN IVY LEAGUE PROFESSORS

barbaric relicJim Rogers on whether he agrees with mainstream economists purporting gold as a “barbaric relic”:

 It does not matter what they or I think. The majority of mankind has accepted it for centuries and will continue to do so. I had rather go along with the vast number of “barbarians” than a few Ivy League professors.

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Jim Rogers: Governments Will Loot Pensions, Savings – Hold onto your Gold

Caption Contest 1When asked how governments will react to the next global economic decline, legendary investor Jim Rogers warned that Western governments will loot pensions and savings:

For one, there will be more confiscation of wealth. Americans and Europeans have already made it legal to take money from private bank accounts, or at least parts of them, in order to bail out banks. They will likely help themselves to pension plans too.
Gold and silver should provide investors some protection against government confiscation.  They will probably go for bank accounts and retirement funds, because they need cash. In fact, that is already happening in Argentina and Poland. Gold and silver are no longer part of the monetary system, which they were back in the 1930s’ when they last confiscated gold and silver. From the government’s point of view, gold and silver are not ideal – it is money they need.”

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The 401k Scheme -Government to Confiscate?

401kThey will take our retirement accounts, they will take our IRA’s. They will say we’re going to save you, we’re going to give you government bonds.“- Jim Rogers
From Obama’s MyRA announcement to Russia massively divesting itself of UST bond holdings, it is becoming apparent that something we have been warning about for years here at SD is not only possible, but is in fact extremely likely to occur- the national confiscation of 401k retirement funds into forced treasury bond allocations.
The MUST WATCH mini-doc below connects the dots, and reveals the 401k scheme: [Read more...]

FLASHBACK: Jim Rogers & Ron Paul Predicted MyRA, IRA/401K Confiscation

Ron Paul Jim RogersThey will take our retirement accounts.  They will take our 401k’s.  They will say ‘you’ve all been having such hard times earning money in your 401k’s is we’re going to save you with 30 year gov’t bonds which are guaranteed at 3%, and you give us your retirement assets in return.’
In the 1930′s they took gold, this time I don’t think they will take bank accounts, but I would be very worried about having an IRA or a pension plan in the United States.
  -Jim Rogers
They will do what they think is necessary and they’ll use force, intimidation, and guns, because you can’t challenge the state’s so called right to control the money.  They will confiscate retirement funds if they need to do it.  Eventually if you have private fund, the people I know in Washington, they’re quite capable of saying, You’ve got to save the country, you can buy Treasury bills from now on!  -Ron Paul

In the words of The Sovereign Man:  This is happening.
Ron Paul & Jim Rogers’ MUST WATCH prophetic warning on Obama’s MyRA & gov’t confiscation of retirement funds is below:
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Jim Rogers on Why Gold Could Go Lower

RogersThe Indian politicians are now trying to do their best to destroy the gold market. They’ve put on huge controls and taxes on the Indian gold market. India’s the largest buyer of gold in the world, and it’s already having an effect. So the Indians are now trying to figure out a way to make the Indians sell their gold. Now if India goes from being the largest buyer of gold, to a seller of gold—who knows how low the price of gold will go? I know it will go a lot lower. So I’m not buying gold…. yet. [Read more...]

Jim Rogers on Taper: “When They Try to Cut QE, It WIll Collapse the System!”

house-of-cardsIn this excellent interview, Jim Rogers explains just how badly Quantitative Easing and ongoing currency wars are damaging the U.S. economy, why it’s so important for any person to protect their savings with physical gold and silver, and what will happen the moment the Fed attempts to taper quantitative easing:
Eventually they will try to cut QE, it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.
Jim Rogers’ MUST READ interview on precious metals & how QE ends is below: [Read more...]

Jim Rogers: Syria War And “Market Panic” To Send Gold “Much, Much Higher”

RogersAstute investor, Jim Rogers has warned overnight in an interview with Tara Joseph of Reuters that “oil and gold will go much, much higher” due to “market panic” regarding Syria and the coming end of free moneyWhen this artificial sea of liquidity ends we’re gonna see panic in a lot of markets, including in the US, including in West developed markets.  Have we seen panic, have we seen terror? Absolutely not. Not in any markets yet.  We haven’t seen much of anything yet. [Read more...]

Jim Rogers on QE: “We’re All Going To Suffer For The Rest Of This Decade”

COMEX defaultJim Rogers sat down with Tekoa Da Silver Wednesday out of Spain, discussing the smash in precious metals, Fed QE and taper, and the risk of an imminent global financial collapse.
On Gold: “ There are a lot of leveraged players who are now being forced to sell. Usually when you have this kind of forced liquidation, you’re getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom. I even bought a little bit [today].
On QE: It’s going to end sometime in the next year, because this cannot go on—it’s too insane.”
On how to protect yourself from the financial collapse: The way to protect yourself is to own real assets…because that’s the only thing which will protect you as currencies debase.
Rogers’ full interview with Tekoa Da Silva is available below: [Read more...]

Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence

Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:

For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

Jim Rogers’ full interview with Chris Martenson’s Peak Prosperity is below: [Read more...]

Jim Rogers: There Are No More Strong Currencies, Hang On To Your Silver!

The Daily Ticker’s Lauren Lyster interviewed commodities guru Jim Rogers Tuesday on the blistering pace of gold and silver coin sales to start 2013 by the US Mint. 

Lyster began the interview by holding up a 2012 US Silver Eagle, and asking Rogers whether a USE is a collectors item, money, or simply a way to buy precious metals.  Rogers responded by pulling his own ASE out of his pocket, and stating “I have a 2013!  You can’t get them, can you, they’re sold out!
Rogers stated that It worries me that the US Mint has run out.  It’s not just the US Mint, the Canadian Mint, several mints have run out of coins!

Further into the interview, Rogers informs Lyster that there are no strong currencies any longer, and while the dollar will likely continue to see safe haven flows from investors who don’t understand what they are doing, there are no longer any strong currencies, hang on to your silver! [Read more...]

Jim Rogers: “There’s No Reason For The Government To Manipulate Gold Or Silver, I Don’t Buy It”

Bull Market Thinking’s Tekoa da Silva has released an interview with commodities guru Jim Rogers.
Rogers apparently believes daily waterfall smashes in gold and silver precisely on the COMEX open for a week and a half following the announcement of QE4 are a result of free and natural market forces.  Rogers informed Tekoa that “There’s No Reason For The Government To Manipulate Gold Or Silver, I Don’t Buy It”.

So according to Mr. Rogers, the bankster cartel manipulated LIBOR to the tune of $Trillions, but allow gold and silver to trade freely without any interventions? 

Full interview below:

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Jim Rogers: Silver Going MUCH HIGHER, But NOT MANIPULATED!

The Daily Bell released an interview with legendary commodities investor Jim Rogers this week, and asked Rogers specifically regarding his thoughts on silver and whether the metal was manipulated.
Rogers responded that while he personally owns silver and believes silver is going to go much higher, he doesn’t buy into the theory that silver is being manipulated, stating that he is skeptical and that ‘by now, somebody would have told us‘. [Read more...]