Jim Rogers: Money Printing Will Run Amok

After Tuesday’s election results, analysts of all kinds are weighing in on how they think the next four years will go. With Barack Obama winning his second term, some are optimistic, while others are quite fearful. In the fearful category, you can place Jim Rogers, as his recent comments show little confidence in our economy and in the future [for more economic news and analysis subscribe to our free newsletter].

Rogers was quoted as saying that he feels money printing is going to run amok now and that he has had to “invest based on what’s happening and not what he would like”. An Obama victory has many worried that rampant money printing will continue, as the open-ended QE3 from the Fed has been met with much opposition. Still, monetary policy is at the will of the Fed, not Obama. Bernanke’s term does not end for another two years so a Romney victory would likely have had little sway over the current policy.

Of course others are completely disillusioned with both of these men, as Marc Faber commented on the election that if a gun was pointed to his head in order to vote, he would prefer the bullet. But there is something to be said about the continued printing from the U.S., and whether the election had any impact at all. Rogers stated that he has invested where he needs to, not necessarily where he wants to. Below, we outline several ETFs to help you invest like Rogers for the next few years [see also Jim Rogers Says: Buy Commodities Now, Or You’ll Hate Yourself Later].

  • Rogers Intl Commodity Agric ETN (RJA): Rogers has stressed over and over again that investors need to own real assets if they want to protect their portfolios. Rogers’ agricultural ETN invests in a basket of 20 agricultural futures contracts and has jumped more than 23% in the last three years.
  • SPDR Gold Trust (GLD): Gold has been another commodity that Rogers favors, as this hard asset is often viewed as the only safe haven investment left. GLD is a physically-backed product that is home to more than $72 billion in assets.
  • iShares Silver Trust (SLV): Rogers also likes silver. In fact, he has recently stated that he likes it better than gold despite its volatility. SLV is also backed by physical silver holdings and is one of the most popular commodity products in the world.

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Disclosure: No positions at time of writing.

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