When to worry about overvaluation of stocks and other assets: Jim Rogers

Ace investor and author Jim Rogers said at the event that investors should be worried as various asset classes including stocks, bullion and Bitcoin hit record highs simultaneously. He answered questions about the overvaluation of the asset class and fears of a collapse.

“This is amazing for anyone investing in the markets. But if everyone is making a lot of money, that’s usually a time to worry,” Rogers said. He added, “I traveled around the world and invested a lot of time, but if everyone is happy and singing and making money, I have to think about other things.”

Speaking at the India Today Conclave 2024, Rogers said the Indian economy is in a good position and the market has “tremendous potential” to grow in the future if the government continues to deliver on its promises.

Rogers, known for his expertise in commodities such as gold and silver, said that for the first time in his life, he was starting to think that the Indian government was putting things right.

“Maybe things will change and India will be much better in the future than it is now. So, if Mr. Modi does what he says he will do, wow, India will be even more surprised than it is now,” Rogers added.

On investments in India, Rogers said he thinks agriculture will be a “fantastic investment over the next five years” in India, but that is not the case and he is “embarrassed to say it.” Rogers said everyone should even own some gold. Although it was an all-time high. The 81-year-old veteran investor added that he also owns silver, which is down 50% from its all-time high. “I own both, and if I were to buy them today, I would buy silver,” Rogers said. When asked about his views on Bitcoin, Jim Rogers said he has never bought the cryptocurrency and expects it to disappear at some point. In his view, cryptocurrencies were a good means of trading, but many of them have already disappeared. “If you are a good trader, do it. “Become rich,” he added.

On China’s economy, Rogers said it was currently “depressing” and had not yet recovered from COVID-19, with the dragon nation being made worse by the real estate bubble.

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