|
Jim Rogers, chairman of Rogers Holdings, who is considered one of the world’s top three investors along with Warren Buffett and George Soros, expressed this view in an interview with Real Vision on the 2nd (local time).
Rogers was concerned that there were signs of a bubble in the stock market. He pointed out that hot stocks are emerging one after another, the stock investment boom of individual investors, and the surge in reverse listings through SPAC are all signs of a growing stock market bubble.
“There’s a lot of money on the market,” he said. “It takes a long time to build a factory, but it only takes 10 seconds to invest online.” “There is a lot of new investors coming in, talking about how easy it is to make money and how much fun it is to make money.” In particular, he emphasized, “The collapse of the Mississippi Company and the Namhae Company bubble occurred 300 years ago, but it is like a stock market bubble.” “All of this has happened before and is still happening again and again.”
However, Rogers said, “A lot of money is flowing into the global market and this is unlikely to end.” It suggested that it could lead to more. However, he warned, “Bubble has always been there and will come again, and buying bubble stocks has always been bad,” he warned.
He warned that the bond market is also in a bubble. He concluded, “This is the first time in history that bonds have been so expensive,” he concluded.
On the other hand, Rogers predicted that gold and silver prices would rise further. “History shows that people buy gold and silver whenever the government or fiat money loses their trust,” he said. “We want to buy more gold and silver in the same situation.”
He also looked positively at Bitcoin. Rogers said, “I want to point out that many virtual assets have already reached zero and have disappeared.” “It would have been nice if I had bought bitcoin years ago,” he regretted.
However, I did not forget about the cautiousness of Bitcoin. “If bitcoin wants to become a useful currency beyond investment assets, governments that don’t want to lose control of their ticketing power can make it illegal. It’s inside, but if you want, it’s okay to use bitcoin,” he warned.