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Strategies & Market Trends : Greater China Junior Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (422)	11/9/2003 3:49:16 PM
From: Condor	Read Replies (1) \| Respond to of 1992

.....cont'd from post # 422 - Later that afternoon, your New York editor was privileged to listen to Jimmy Rogers address the conference. The well- traveled "Investment Biker" provided a stream of fascinating insights from his three-year, 152,000-mile trip around the globe. - "We ate everything," he told the conference-goers. "And I can tell you that grilled grasshoppers aren't so bad, provided you mix 'em with grilled termites." - During the question-and-answer session, Rogers was asked to share his favorite investment destinations or investment themes. He replied: "China is becoming the greatest country of the 21st century. They call themselves communists, but they're more capitalistic than you or I... They save and invest 35% of their income." - Rogers says that he owns a few Chinese stocks, as well as the Chinese Yuan. But he suggests that one off the best ways to "play China" is to invest in commodities. - "The Chinese aren't going to buy light bulbs from the rest of the world," Rogers says. "But they're going to buy commodities. They have to buy commodities because they do not have enough of their own to keep pace with domestic demand." - "Commodities are in a bull market," says Rogers. "The bear market ended in the late 1990s, and the bull market will probably last for another 8 to 12 years." - Rogers' second investment theme is the U.S. dollar. "I'm pessimistic about the dollar," he says. "The Federal Reserve has as its official policy the debasement of the U.S. dollar. They've got the printing presses and they promise to use them... So if I could tell you only one thing, it would be to get out of the U.S. dollar." - Rogers' third investment theme is really an amalgamation of the first two. He favors investments in resource-based economies like Canada's. Not only would their economies benefit from a commodity bull market, but their currencies would also continue appreciating against the U.S. dollar. - Rogers is not only putting his money where his mouth is, he is also putting his family's future where his mouth is. He is actively preparing his 5-month old daughter for the world that he anticipates... Says the proud papa: "My 5- month old daughter has a U.S. passport, a Swiss bank account and a Chinese nanny... - "Learn Chinese," Rogers concluded. "This economy will be the greatest growth story of the 21st century." dailyreckoning.com ..end