“That’s fabulous for anybody who is invested in the markets. But if everybody is making a lot of money, that usually is a time to get worried,” Rogers said. “I have been investing a long time all over the world, and when everybody is happy and singing and making money, you should start thinking about something else,” he added.
While speaking at India Today Conclave 2024, Rogers said that the Indian economy was in a sweet spot and markets have “immense potential” to grow in the future if the government keeps delivering on its promises.
Rogers, known for expertise in commodities such as gold and silver, said that for the first time in his life, he was beginning to think that the Indian government was getting things right.
“And maybe, things are going to change, so India’s going to be even better in the future than it is now. So if Mr Modi does what he says he is going to do, wow, India is going to be even more astonishing than it is now,” Rogers added.
On his investments in India, Rogers said that he was not and was “embarrassed to say” this though he thinks agriculture would be a “fantastic investment for the next five years” in India.Rogers said that everybody should own some amount of gold even though it was at an all-time high. The 81-year-old veteran investor added that he also owns silver, which is down 50% from its all-time high. “I own both, and if I were buying today, I would buy silver,” Rogers said.When asked about his views on Bitcoin, Jim Rogers said he has never bought the cryptocurrencies and that he expects them to disappear someday. In his view, cryptocurrencies were good trading vehicles but many have already disappeared. “If you are a good trader, do it. Get rich,” he added.
On China’s economy, Rogers said that it is “depressed” at the moment and has still not recovered from Covid-19 with the property bubble making it worse for the dragon nation.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
