Happy Diwali to you all.
On this auspicious day when we light lamps, burst crackers and gamble, all with a view of earning the blessings of the Goddess of Wealth, allow me to offer some second-hand advice on how to invest if you want to escape the financial turmoil gripping the world today.
And that is: Watch this video clip of an interview with Jim Rogers.
Here, he says – "Get out of paper assets and into real assets, including gold." Indeed, he even takes out two gold biscuits from his pocket and shows them off!
But he goes further: He says that the future lies in commodities, including agricultural commodities. As he anticipates, quite correctly in my opinion, a huge amount of inflation, investments in commodities are bound to pay off handsomely.
He also goes over the top a bit when he predicts that farmers will be driving Maseratis in the near future, while the Wall Street types drive tractors. (I hope my farmer friend Rajesh is reading this. Baluchar has a great future!)
He is anti-Fed, for sound money, and no bailout.
I have been watching Jim Rogers speak for a long time – thanks to LRC – and he is great.
Hope you enjoy the video too.
Good luck on your investments.
And a very happy Diwali once again.
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