Jim Rogers: Invest in Myanmar and North Korea if you can

Jim has been Interviewed on GoldSeek Radio on the 27th of September 2011.

QE3 has already started when Bernanke announced he would keep the interest rate close to zero for 2 years. At that time, M2 measure of the money supply when straight up.

Jim Rogers expects a correction in Gold and Silver. Gold has gone up for 10 years in a row, this is unprecedented even during the 1970s bull market and a correct should be expected. He would buy Silver and Gold on further dips as all commodities will probably end up in a bubble. Of course, if the US dollar becomes confetti, there is no ceiling on the price of Gold.

There has been a recession every 4 to 6 years in the US, so he thinks we'll get another one this year or at least one within 2013. That time will be worse since there are no bullets left. The US had a huge debt problem and they can't triple the debt again, the market won't let them. Same thing for money printing, it would become very difficult now.

Developing countries won't be spared by the next recession occurring in the US and Europe as they are major economies and trade partners of emerging economies. Jim Rogers is actually currently shorting emerging economies.

He'd rather go the Scandinavian way (take the pain now) than the Japanese way (kick the can down the road) in reference to past crises.

Finally, when asked if he saw any investing opportunities right now, he recommended people to try to invest in Myanmar and North Korea if they can, as those 2 countries are starting to opening up like China did 30 years ago. Investing in those countries if illegal for American citizen. (For other individual investors, it's also difficult to get exposure since there are no ETF available yet.)

You can listen to the interview below.

Jim Rogers: I would buy Myanmar Stocks

In an interview with Forbes on the 6th of April, when asked about which Asian market he would buy, Jim Rogers replied:

I’m not buying shares anywhere right now because I would rather own commodities. I’m still skeptical of the world economy. If Myanmar opens a stock exchange – and they’re trying, I would buy shares there in a minute.
...
Well, there are 80 million people (that are) disciplined (and) educated, and vast natural resources. There is India on the left and China on the right, It’s starting to open up – not according to the western press, but you know, it’s time (for them) to open up. It’s got enormous potential. They don’t have to compete with Westerners because the Westerners are all boycotting. They don’t have to compete with Exxon because Exxon is not there, so it’s wonderful for anybody who’s there in business. They’re going to make a lot of money, because a lot of Westerners are not going there yet.

Forbes article: http://blogs.forbes.com/russellflannery/2011/04/06/jim-rogers-talks-about-inflation-china-commodities-unrest-and-india/