2009 "Hot" List

By Stephanie Quach

Jim Rogers, an expatriate investor, gives his outlook for the year of 2009, which is mostly accurate according to what has been happening so far. According to him, the American economy will be “the worst since the Second World War.” That means, printing large amounts of dollar bills to solve our debt problem, which in turns leads to inflation and does not help to solve this unsolvable problem. Rather, one of the biggest purchasers of US bonds- China will be the “great country of the 21st century.” Rogers

demonstrates that he truly believes this by moving his family from New York City to Singapore. He reasons that “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.” Since the dragon is awakening, Rogers’ eldest daughter is learning Mandarin, which will be extremely useful in China. With the large 1.3 billion population, China’s markets have a huge potential to develop and expand rapidly.

What else is “hot” in 2009 other than China? Ronald Fricke president of Regal Assets says if you were smart in 2009 you move into gold. Rogers says that commodities are “the place to be.” He produces a piece of gold from his own pocket to show that gold is a worthwhile investment. Whether the prices of gold increase or decrease, he will still be buying more gold in 2009 because he believes that gold prices will increase. Considering that he is an extremely smart person who thrived through the recessions of the 70s and 80s, buying gold now may be a good decision so that we can thrive through this recession with him.

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