Thread by @BiIndia

#BudgetInsider | ‘If I had #Apple and #Tencent, I would have sold them by now,’ says #JimRogers

businessinsider.in/stock-market/n…

By @jainrounak

@jainrounak In case you missed this conversation, here's @iyer_Sriram chatting with commodities guru, author and international investor Jim Rogers on @BiIndia.

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https://twitter.com/BiIndia/status/1349650179926810630/video/1

In a freewheeling chat with Business Insider India, commodities guru #JimRogers explained how stocks, bonds and properties across the world are in a ‘bubble’.

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While Rogers is sitting out this bubble at the moment, he said that if he had bought #Apple and #Tencent stocks before, he would have sold them by now.

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Instead, Rogers would rather invest in #agriculture and #silver commodities, which he believes are ‘very, very cheap right now’.

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Low interest rates mean low cost of money. That has led to excess money in the hands of investors who have made all kinds of bets leading to a rise in the price of assets across the board, including some very risky ones.

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“#Oil is down a great deal, it is cheap, like silver which is down 50%,” Rogers said. Crude oil has had a turbulent run last year due to the extreme vagaries of The Great Lockdown.

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#JimRogers believes that oil prices will start to shore up in 2023-24, with the possible triggers being a war or just an eventual decline in oil supplies.

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#JimRogers also added that he believes that a sector, which had hit a rock bottom in 2020 could only go up from here — #travel and #tourism.

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“India is already a great tourist destination, but it could be even better. Asian travel is going to be one of the great markets of our time,” he added. What’s more, Rogers himself is scouting for some good opportunities to invest in the Indian tourism sector.

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