20190512-Jim Rogers-what to do during the next financial crisis


Jim Rogers on what to do during the next financial crisis


-Invest in what you know.   You should only invest in assets that you know about. The worst mistake is being invested in something you don’t really know about, because when things start going wrong, you can get trampled.


-If you know a lot about investing, you might sell short, you might buy agriculture or you might buy some countries that will not suffer so badly. There are ways to get through this.   Something like sugar is probably going to come through fine just because it's been so beaten up. Russia will probably be fine compared with most of the world in the next bear market. Russia is very cheap compared with markets all over the world. And it’s been buying gold hand over fist.


-Not to invest in U.S. Treasuries because I suspect we're now heading into a multidecade bear market for Treasuries.


-The U.S. dollar is probably a safe place to be for a while.


-He has gold but won’t buy more until US is over-priced.    If you look back at previous bear markets, usually gold gets swept up in them. It has a big drop, and then it's a great buy afterwards. When the U.S. dollar goes up and gets overpriced, gold will go down, so I’ll just switch my U.S. dollars into gold.


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