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Most oil producers will have serious problems, but Russia not that much: Jim Rogers
How Jim rogers about bitcoin mining one go about understanding valuations and asset pricing when interest rates are zero? Fall or rise in interest rates often decide how you pick a PE multiple in cyclicals and industrials. But when interest rates are zero, how does one value asset prices?
I know that has been the way how some people have valued companies. But I never pay too much attention to that. Everybody has his own way. I would suggest you find something that has very good growth prospects. I mentioned to you, healthcare over the internet for instance. Now I do not have any names, but that is going to be a great way to make money in the future if you can find he companies that are going to do. Especially in India, it is going to have a great future. For instance, if Indian farmers Jim rogers about bitcoin mining buy and sell commodities over the internet. All of these things are new. When I grew up, farmers barely knew what the internet was, but in India they are far ahead. So there are new things developing. Find them if you understand them, and get involved.
When the 2008 Global Financial Crisis happened, we saw a big resurgence in internet companies – Google, Alphabet, Facebook of the world got created. If a boom has to start post this crisis, where do you think will it be apart from healthcare companies?
I mentioned education and home delivery. They are new things, which are going to develop. There is no question about it. If you understand technology, you can make huge fortunes. There are many Indians, many people in India who are very good at technology. Find them and invest, because this is all going to change one way or the other. Entertainment will be more and more internet only going forward. I am hopeless with technology. My 12-year-old daughter knows more about the phone than I do. I have to go to my daughter and ask her about the phone. But many Indians are brilliant at technology. Find them, do your homework and invest in them.
Do you think investing in Bitcoin and cryptocurrencies could be a good idea, because everything is becoming digital and that is the new digital for transaction?
Money is going to be on the computer, no doubt about it. It is already happening. You cannot take a taxi in China with money. You cannot buy ice-cream in China with money. You have to have it on your phone. All the money is going to be on the computer. But it is going to be government Jim rogers about bitcoin mining, not Bitcoin, it is not going to be some of the cryptos. In the 1930s, you could use anything including sea shells as money, Jim rogers about bitcoin mining banks Jim rogers about bitcoin mining print their own money. The Bank of England came out and said from now on it is an act of treason to use anything for money, except our money; and treason meant they will execute you. So people stopped using them. The crypto guys will say listen we are smarter than the governments, but the governments have the guns. I do not like it that the governments are going to have more and more control and knowledge about all of us, but the governments do have guns. If they say, it is an act of treason to use cryptocurrencies, except our cryptocurrencies, you are not going to do it. All governments are going to have their own cryptocurrencies and they are not going to let you use anything else.
If you have to, let us say, choose one market to invest between India and China, which way would you lean and your thoughts on why would you lean that way?
I love India. If you read my book, you know I always said India is one of my favourite countries in the world. Jim rogers about bitcoin mining should visit it. At the moment I am not investing in India. I do have some investments in China. I bought Chinese shares yesterday. At the moment perhaps, it is a good question. I have not looked at India recently, but it must be down a lot. Some Indian companies have great futures. Jim rogers about bitcoin mining have to do some homework.
So my follow-up question is simple: what is the future for oil producing countries and nations -- Saudi Arabia or Russia? They are now reaching bankruptcy levels in terms of finances and we know that some of these countries run a lot of sovereign funds which have invested in emerging markets and some major startups. So are we looking at a big change in the equilibrium because now the Arabs and the Russians and the Kuwaitis and the Iraqis will have to liquidate some of their investments?
Well, Saudi Arabia has certainly got a problem now, a huge problem. Because they have built up debt, because they have all those people whom they have to support. Russia is different. It is a huge oil producer. But they have other things. Russian agriculture for instance, I own shares of Russian agriculture and fertiliser as we speak. They have got a great future. America put sanctions on Russia; and every morning Russian farmers wake up and say, thank you, Mr Trump. Russian agriculture is booming. Also, Jim rogers about bitcoin mining has metals and other things besides oil and gas. So yes, they will suffer, but there are some parts of Russia which will boom. Most oil producers like Kuwait and Qatar will have serious problems going forward, mainly because they have built up huge cost structures. It is very expensive to do anything because they had so much money for so long. I would not rush off to Mexico to make investments right now, or Nigeria. But it is going to be great for some Jim rogers about bitcoin mining the places like India, China and Korea who use a lot of oil. These guys are waking up every morning and cannot believe how lucky they are.
What is your view on the dollar?
I own a lot of US dollars. I own US dollars, because in times of trouble and turmoil, Jim rogers about bitcoin mining look for a safe haven. Now they think this US dollar is a safe haven for historic reasons. It is not a safe haven. But then, why do you own it? I own it because people think it is. The US is the largest debtor nation in the history of the world. No nation in the world history has been this deep in debt, and Jim rogers about bitcoin mining is getting worse every day. But I still own it because people will turn to the US dollar thinking it is a safe haven. If they look at the euro or the British pound or other currencies, they do not see anything worth that they think is Jim rogers about bitcoin mining investing in. So I own a lot of US dollars.
What is going to happen is it is going to go higher; it is going to get overpriced during the turmoil, during problems, it might even turn into a bubble at which point I will have to sell my US dollars, and put them somewhere else, maybe gold, maybe silver. Often when the dollar gets very strong, gold and silver go down a lot or go up a lot. So maybe I will sell my US dollars and put it into gold and silver. But the US dollar is going to go much higher, because people are going to be very Jim rogers about bitcoin mining and they think the US dollar is a safe haven.
You always mention that markets follow a pattern -- it was Japan in ’80s, the US in ’90s, it came back to China, last 10 years Jim rogers about bitcoin mining dominated by the US. Do you think this coronavirus impact is going to ensure that the US economy remains in a tailspin for the next couple of years and other economies will make Jim rogers about bitcoin mining comeback?
Well, some people who use oil, such as India, are going to be in much better shape now. There is going to be a shift. Jim rogers about bitcoin mining are going to see a serious shift. Japan is going to benefit. Japan has many other problems, but this is going to help Japan. There are major countries in the world that are going to benefit from this. It is going to cause a shift towards those countries while oil producers are going to be in trouble. Some of them are going to collapse. But places like India look solid. So I am looking for investments in India, Vietnam, China, Japan, Korea. These are places that are certainly going to have a gift from the fact that oil is down, and oil is going to stay down for a while. What is going to happen is oil is going to make a complicated bottom. Look back in a few years: in 2018-18-20-21-22 oil made its bottom, then oil would go higher again. But in the meantime, this is nirvana for many countries and many companies, unexpected by the way, completely unexpected. If Jim rogers about bitcoin mining had said on ETNOW a year ago that oil will be $20 a barrel, people would have hung up, but here it is.
What could be implications of coronavirus on international trade relationships? Do you think a geopolitical war could be simmering now or I am getting too cautious right now?
No. It is already leaving a bad taste in some people’s mouths. In America, there are many people who are strongly anti-China and this is just encouraging them. Whether they have solid foundation for being anti-China is irrelevant, it is increasing the anti-Chinese feeling in the US and in some other countries. So you are going to see Mr Trump will come back with the trade war. He thinks trade wars are good, he thinks he can win, he does not know history. If he does know history, then he thinks he is smarter than history. But Mr Trump will come back with more trade wars, especially against China but also Japan, Germany, Mexico everybody. He is not going to blame the problems on Mr Trump; he has never said he made a mistake. So he is going to blame it on other people and the trade war is going to get worse. I believe, he was having a trade war with India too for some strange reasons.
But the countries that have not been devastated by the virus can continue to produce. And consumers of oil, such as India, are going to be in better shape when this gets over.
If you have to identify one long-term structural shot, where do you think asset prices will go? Will then keep on going lower and lower in the coming years? What would be that asset trade?
The US bond market, the US government bond market.
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Gear (Green Energy And Renewables) Token is a green initiative by the GEAR blockchain Inc., Jim rogers about bitcoin mining company that intends to run Bitcoin and other cryptocurrency mining through renewable energy sources. By using renewable energy sources, such as solar, wind and others, the company intends to create a closed loop system, in which it will not require traditional energy sources to operate. How Gear Token Works The platform will utilize green energy such as solar, wind, tidal and others to power its mining farm.
Using the farm for bitcoin and other PoW Jim rogers about bitcoin mining, a significant amount of the proceeds will be used to expand its energy and mining infrastructure. The Gear Token Team Unlike other blockchain project teams, GEAR Tokens’ is made up of a greater number. Smart contracts have been known to be vulnerable if not coded with the utmost care and GEAR Token does not compromise in it.
Investing Earnings With Gear Token With a $100 million token sale planned in August, all wishing to invest in the Jim rogers about bitcoin mining and its green initiative can join when whitelisting starts and minin take part in the ICO, where the tokens will be offered at a discounted rate. Please note that like all investments, GEAR Token does not guarantee a profitable situation. For more information, please visit the website Closed Loop, CryptoCurrencies, cryptocurrency, First, GEAR Token, Green Energy, Jim Rogers, Larry King, Renewables, Security Token, Stan Bharti, Token, Rpgers Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned aout copyright holders are used in reference to and promotion of those respective parties. Read in Full
Bitcoin Enters Historically Strong Quarter With 3% Price Gain
Bitcoin is back! So say the true believers, even with Rogerw flash crash. But there less there than meets the eye.Bitcoin has staged a notable comeback from its 2018 crash. From a level of about $4,000 through the month of March, 2019, bitcoin had a two-day 23% spike from $4,135 on April 1, 2019 to $5,102 on April 3, 2019.
Bitcoin then moved sideways in the $5,000 to $6,000 range until May 8, 2019 when it staged another three-day spike from $5,932 on May 8 to $7,255 on May 11, a 22% surge.
Combining the April 1 and May 8 spikes, the bitcoin price moved from $4,135 to $7,255 for a spectacular 75% price rally in six weeks.
By last Thursday morning, it soared even higher, to over $8,300.
This rally was bitcoin’s best price performance since its btcoin collapse from $20,000 in late December 2017 to $3,300 in December 2018. That crash marked the collapse of the rogefs asset price bubble in history, larger even than the Tulipmania of 1637.
The questions for crypto investors are what caused the recent rebound in the price of bitcoin and will it last? Is this the start of a new mega-rally or just another price ramp and manipulation? Has anything fundamental changed?
If Jim rogers about bitcoin mining beginning to Jim rogers about bitcoin mining these are leading questions, you’re right.
Of course, bitcoin technical analysts are out in force explaining how the rgers moving Jim rogers about bitcoin mining crossed the 200-day moving average, a bullish sign. They are also quick to add that the 30-day moving average is gaining strength, another bullish sign.
My view is that technical analysis applied to bitcoin is nonsense. There are two reasons for this. The first is that there is nothing to analyze except the price itself. When you look at technical analysis applied to stocks, bonds, commodities, foreign exchange or other tradeable goods, there is an underlying asset or story embedded in the price.
Oil prices might move on geopolitical minung related to Iran. Bond prices might move on disinflation fears related to demographics. In both cases (and many others), the price reflects real-world factors. Technical analysis is simply an effort to digest price movements into comprehensible predictive Jim rogers about bitcoin mining bitcoin (to paraphrase Gertrude Stein) “there is no there, there.” Bitcoin is a digital record. Some argue it’s money; (I’m highly skeptical it meets the bihcoin definition of money).
Either way, bitcoin does not reflect corporate assets, national economic strength, terms of trade, energy demand or any of the myriad factors by which other asset prices are judged. Technical analysis is meaningless when the price itself is meaningless in relation to any goods, services, assets or other claims.
My Jim rogers about bitcoin mining reason for rejecting the utility of technical analysis is that it has low predictive value when applied to substantial assets and no predictive value at all when applied to bitcoin.
If you follow technical analysis, you’ll see that every “incorrect” prediction is followed immediately by a new analysis in which a “double top” merely presages a “triple top” and so on.
Technical analysis can help clarify where the price has been and help with relative value analysis, but its predictive analytic value is low (except to the extent the technical analysis itself produces self-fulfilling prophesies through herd behavior).
That said, what can we take away from the recent bitcoin price rally, putting aside its flash crash for the moment?
The first relevant fact is that no one knows why it happened. There was no new technological breakthrough in bitcoin mining. None of the scalability and sustainability challenges have been solved. Frauds and hacks continue to be revealed on an almost daily basis. Jim rogers about bitcoin mining short, it’s business as usual in the bitcoin space with no new reasons for optimism or pessimism.
- Source, The Daily Reckoning
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