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Jim Rogers & nbsp
Key highlights
- When it comes to elections, Jim Rogers has always kept a simple stance: the markets won’t change much!
- Rogers affirms his positive stance on Gold & Silver, asking investors not to sell. He also owns a few US dollars. “When the US dollars are too expensive in the next year or 2 or 3, then I’ll sell them. I hope I have the timing right,” says Jim Rogers.
- Rogers identifies Blockchain as the next big revolutionary for economies, industries and jobs
When it comes to elections, Jim Rogers has always kept a simple stance: the markets won’t change much! However, note that history shows that if the incumbent president wins, the stock market is likely to rise next year, but if the challenger wins the odds are lower. The challenger tends to have a “clean” attitude, according to Rogers. But he adds that regardless of who heads the White House, the Fed and central banks around the world will continue to print money.
Regarding candidates and their expected policies, Rogers says economies never like to raise taxes, which Joe Biden has pointed to as his potential political action. Rarely, raising taxes has been good for the market, Rogers says. It also expects the Democrats to downsize the big energy companies, dismantle the big tech companies.
His loyalty to Gold & Silver remains. Rogers continues to hold his position of an expected continued rise in both precious metals and advises investors not to sell either of them. He also continues to own some US dollars. “When the US dollars are too expensive in the next year or 2 or 3, then I will sell it. I hope I have the timing right,” Rogers says.
Rogers identifies BlockChain as the next great disruptor. “Blockchain will change everything we know,” Rogers says. He believes some large financial firms may even disappear in the tech wave, while some may be able to make the Banking-Fin Tech transition
