Will Tangible Commodities Give You Wealth Security? In today’s financial climate, it is vital to recognize opportunities that have the potential to provide wealth security. So the question becomes where are those opportunities? Could they be in tangible commodities? When looking for the answer to these questions, it is important to realize that the answer is found in the search for knowledge on tangible commodities and wealth security as it applies to the current state of the market. With that being said, in today’s episode I am joined by a very special guest, Jim Rogers. Jim is an author, adventurer, financial commentator and a successful international investor. He is featured in many business and financial media outlets worldwide, including The Washington Post, Time, Forbes, and The Wall Street Journal. Together, Jim and I discuss wealth security, and many more topics that are imperative to the modern day investor.
Will Tangible Commodities Give You Wealth Security?
In today’s financial climate, it is vital to recognize opportunities that have the potential to provide wealth security.
So the question becomes where are those opportunities? Could they be in tangible commodities?
When looking for the answer to these questions, it is important to realize that the answer is found in the search for knowledge on tangible commodities and wealth security as it applies to the current state of the market.
With that being said, in today’s episode I am joined by a very special guest, Jim Rogers.
Jim is an author, adventurer, financial commentator and a successful international investor. He is featured in many business and financial media outlets worldwide, including The Washington Post, Time, Forbes, and The Wall Street Journal.
Together, Jim and I discuss wealth security, and many more topics that are imperative to the modern day investor.
Key Takeaways:
Introduction to Jim Rogers (2:14)
The current state of the U.S. Economy (4:04)
What is the Federal Reserve and how does their money printing affect people short-term and long-term (5:00)
What do Americans need to know when it comes to their investments and the state of the U.S. financial markets? (10:11)
Jim’s thoughts on strong investment opportunities in the U.S. (13:49)
What does the value of the dollar look like in 20 years? (17:33)
Digital currency? (22:00)
Will blockchain be able to be digital gold in the future? (25:26)
Is it possible to get out of the monetary system and get into a decentralized system? (29:55)
Jim tells a favorite memory from his Guinness Book of World Record trips (33:32)
One tip from Jim to help our listener’s investment career (38:48)
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We have had three central banks in America, the first two disappeared for many reasons. Now we're on a third, I suspect it too will disappear eventually, because they're making so many mistakes. These guys do whatever they can to get elected. And these guys at central banks do whatever they can to keep their jobs. Politicians are not looking out for you, like they're looking out for themselves. They don't care about your kids, they care about getting elected, and every couple of years as an election, and that's their goal in life. That's their job to get elected. My physical dollars and your physical dollars are, are not physical anymore. They're electronic. And so what they print, it's hard to guess how much the value of my dollar what it buys. Most people in the world do not learn much about money or how the system works. And that's unfortunate, but then when things go wrong, everybody suffers. And many people don't know what hit them and don't know they're about to get hit. So it's better to be prepared. And to do that. I mean, I can listen to you, they can read the newspaper, they can go on the internet, there are many ways to educate yourself, that you need to understand what's happening.
Hey, this is another episode of The Solomon Investor show. I am your host, Blake Templeton. And this is where we focus on the wealth strategy of the world's wisest man King Solomon, and translate it for you the 21st century investor, covering everything you need to know for wealth, faith and excellence. In this episode, we'll be discussing how the current financial system is a sinking ship. And what you need to do about it, you'll learn how to take full control of your financial reality and write their own narrative of your future. I have a special guest maybe for introduce him. I want to remind you what a Solomon Investor is. A Solomon Investor is one who takes action who owns the domain we walk into, we don't settle for average. And we've gained the wisdom from King Solomon to flourish in the winter seasons, we actually go into battle on our investments before the storm actually comes. So I believe that you have an actual plan that God's given you for your life to have massive influence. And I believe you need way more money than you currently have in your investments. So therefore, it's on this channel that you'll find how to have the ability to build more wealth, to have the capacity to sustain it with real faith, and the disciplines to actually walk that out and excellence. If you like what you're hearing take action right now and hit the like button, then hit the red icon to subscribe to this channel. And last tap the bell icon in the top right hand corner so that you'll be notified every single time a new episode comes out. All right, with no further ado, I have a super special guest. He's an author, international investor, financial commentator, and former fund manager Jim Rogers. Let me tell you a little bit about Jim, I love this guy. Jim is the chairman of B land interests Incorporated, co founded quantum fund with George Soros in 1973, which famously returned 40 200%. Like that's 4,200% over the next 10 years, when the s&p only did a roughly 47% in that 10 year period. Jim is also the creator of the Rogers international commodities index. And before I actually bring him on, I gotta take him a fun facts about Jim. Jim has multiple Guinness Book of World Records, including motorcycling, 100,000 miles across six continents, traveling the world, the entire world around through 116 countries in three years. And to be honest, I could keep going. I mean, this man's incredible his resume his track record, but I'll stop there for now. Jim, welcome to the show.
I am delighted to be here, Blake. Good. Good evening to you. Good morning to me, I'm in Singapore.
Yes, sir. Hey, well, I enjoy this time collaborating. You are a wealth of knowledge. You've seen everything in the market. You've got so many perspectives. Not only because of your investments and your are everywhere, but you're you're a different breed, a rare breed. That is a special one to be around. So I appreciate that. So let's just jump right into it. Jim, you know, pre framing entering 2021 we got a new year a new administration, the vaccine rolling out. We're in debt up to our eyeballs How would you describe the current state of the US economy?
Well, the state of the US economy is so robust because it was so disastrous last year, you probably remember everything closed down. So if you just oh, I live in Singapore, for instance, play, you know, the airport close. Now that having 100 flights a day or something, well, that's wonderful. That's wonderful compared to what it was, but it's nothing compared to what it was before. So America and everywhere is recovering and recovering very, very strongly right now. Because the whole world has printed staggering amounts of money and borrowed even more money and give me a trillion dollars. Blake, I'll show you a very good time. But you're, somebody has to pay it off someday. Yeah, it's a good time to be an old American play a good time to be a young American.
And let's talk about that. Let's talk about that. So it seems like most people are unaware, Jim, of the impact associated with manipulation of markets by the Fed, and the impact of the continuous living in that mmt this cycle of more money today. So I'm at first love to hear your breakdown for our listeners of what the Federal Reserve really is, and how their money printing impacts us short term and long term.
Most nations have a central bank, a bank, which takes care of the government money to make it simple. And I was just called the Federal Reserve is founded in 1913, we have had three central banks in America, the first two disappeared for many reasons. Now we're on a third, I suspect it too will disappear eventually, because they're making so many mistakes. But that's what a central bank is. And they have the power, and the ability to print up money and pay Bill Pay government bills. And that's what our central bank is doing. But not just ours, Japan, England, most places in many places are printing staggering amounts of money. And it's got to go somewhere like it takes. The theory is that eventually people build factories and jobs and highways, but it takes a long time to build a factory. It takes about eight seconds to go on your computer and buy shares or bonds or whatever you want to buy. And that's what's been going on. All these trillions of dollars have been going into the financial markets, and everybody's having a good time. But young people someday are going to wake up and say, oh, my goodness, look at all this debt. What do we do now? Where does that come from? Well, I can tell you where it came from, came from Washington, DC. And it's booming. But not just for Tokyo, London everywhere everywhere is doing.
Yeah, it's interesting. It's interesting climax we live in. I mean, we think back 20 years. And I mean, I think we both agree, we were in a whole different world at that time, the 2007 crisis in 2008, you know, we began this, this picture of we're gonna put a band aid over a gaping wound and and then then we print a trillion and then 3 trillion and now it's, we're numb to that trigger, and we just keep printing, what's the actual? What's the long term effect? The you know, dilution of the US dollar, I break that down into the list. So what does that really mean to their own, like hard paid earning money.
Like, you can probably figure out, if you have a lot of something, the value goes down. If something is scarce, like diamonds, you might have a lot of value in your hand. But if you have a whole basket full of diamonds, maybe it's not quite so viable, at least not each individual diamond, well, it's the same with money. If there's too much money, the value decreases. And if there's not so much money, the value goes up and right now all over the world. And actually, for the past 30 or 35 years, this actually started in the 80s. With a guy named Alan Greenspan, mainly. They've all been printing money, the central banks, especially in Washington, DC, and the value of money to clients. I mean, a US dollar in 1987 are a whole lot more than a US dollar in 2026 2027. You will see it already in 2021. A US dollar buys a lot less and that's what happens to the value of money. But it's like anything else you have too many peaches, the price goes down. If features are scarce, and people want peaches, the price goes up.
Yeah, that's a great point. And just to kind of break that down as you so beautiful. fully explained is that what what what we have to understand guys is a Solomon Investor is that there's only so much tangible like real paper dollars. And there's not enough for the for the government to actually pay the bills, and to hold. And so right now we see the stock market need, it needs help. So they're printing money to actually put it into the stock market and to make everything stay afloat. And so what Jim so beautifully portrayed is that there's a dance, it's a beautiful ballroom, and the lights are on and, and in certain areas, that looks great. And so when those lights turn off, it doesn't look so great, because the party is over. And there'll be, what we want to do is we want to be really wise in understanding the wisdom of money and understand what's happening right now. So we can invest appropriately. So Jim, it seems that the sentiment of the US government is obviously simply just to brush everything under the rug and pretend like it, you know, everything is in a great place, even though the debts are continuing to rise. And what do you feel Americans need to know, when it comes to their investments and the state of the US financial markets,
like, first of all, they need to understand what's happening, unfortunately, my experience is that most people are not aware of what's going on around them, especially with money. And for whatever reason, not just Americans, most people in the world, do not learn much about money or how the system works. And that's unfortunate, because then when things go wrong, everybody suffers. And many people don't know what hit them and don't know they're about to get hit. So it's better to be prepared. And to do that, I mean, they can listen to you, they can read the newspapers, they can go on the internet, there are many ways to educate yourself. But you need to understand what's happening. Because the politicians are not looking out for you. Like they're looking out for themselves. They don't care about your kids, they care about getting elected. And every couple of years, there's an election, and that's their goal in life. That's their job to get elected. Like it, but that's the way the system works, unfortunately. And to do that, they hire bankers, central bankers, in our case, Federal Reserve, and those guys know that they're supposed to keep everybody happy. Whatever it takes, and you know, and in Japan does the head of the central bank says, I will print Unlimited, that's his word, unlimited amounts of money. And he's doing it, it's mind boggling what he's doing. And the English are doing the same thing. So it's not just us. I mean, lots of people have learned from our central bank and are copying us. But these guys do whatever they can to get elected. And these guys at the central banks do whatever they can to keep their jobs. Do they care about your kids? No, no, Blake, not gonna be around when your kids are having problems?
Yeah, that's a great point. And that's, that's something that as a Solomon Investor, gym, our listeners really desire to pay attention to as good stewards, you realize, like, they can't just be the sheep going to the slaughter, they can't actually just be, they can't just listen to the system and think that, you know, the stimulus checks gonna save them or think that, you know, printing trillions is going to actually be in a good situation for them long term. And we have a lot of investors and viewers that see the writing on the wall, and they want to begin looking for alternative investments to diversify out of the equities. I mean, you of course, love things that are you say you love things that are cheap, and that are hated in areas that seem to have a positive change coming. And it reminds me, you know, our Solomon Investors, there are listeners, they're looking for control, they're looking to not be controlled, but to have control and areas where they can make exponential wealth over time. And with this in mind, they they invest in a Solomon Investor, we invest in, you know, self storage and mobile home parks in in the funds that we have more on capital. I mean, there are sexy and there's but they're stable, they're secure. They're strong cash flow and appreciation. Do you see any other alternatives? Any other areas you like in the US that outside of equities that you see to be a strong investment?
Well, there are always opportunities in the 1930s we had something called the Great Depression. There were people who came out of the Great Depression rich, because they understood what was going on and they seize the opportunity. In Asia, there's a word it means opportunity and disaster are the same thing. Now the Asia has been around longer than we have and they know that opportunity and disaster can be an are the same thing. We don't have that word in English. Not yet. Maybe we will. Word someday. But so when you look around if you understand what's going on is the people some in the 30s? Yep, you'll come out of this very, very well out you. But I'll tell you some of the things I'm looking at Blake, but that's not going to help you people should only invest in what they themselves know a lot about if I can only tell people one thing that's it, don't listen to me. Stay with what you yourself know. But everybody wants a hot tip. Like, I tell you, I tell this will ruin you. But I will say that people say okay, yeah, just one Just give me one. In a ruin you, it will ruin you. If you want to be successful. You invest in what you know a lot about. everybody watching this knows a lot about something, whether it's cars or fashion or sports are something. Stay with what you know, if you want to be successful. I told you you'll only have 20 investments in your life, you would be very careful about what you invested in and you'd be successful. Boring, boring, boring. People say I don't care. That's boring. I want to be successful. be boring. be boring. Okay. I will tell you agriculture. I'm extremely optimistic about agriculture. But most people still don't know anything about farming. Okay, well, if you don't, maybe you should become a farmer was going to have a great life in the next 20 or 30 years. Stay with what you agriculture. I'm investing in Russia, Russia and shipping companies, Chinese wine companies, Japanese ETFs. I mean, they're things that I'm investing in. But if you don't know what Russia is, and don't know how to buy Russian shipping companies, for goodness sakes, don't listen to me.
But you know, it's a good point. And one thing you mentioned was the state of what you know, and for, you know, to, to kind of elaborate on that a compliment that a lot of our investors, you know, you've got to, you've got to realize, you know, if what, you know, didn't work, that's why you joined the Solomon Investor revolution, like you actually want to get educated. And that's why we bring guests like Jim on because, you know, education is so vital. And so, Jim, I appreciate that mindset of just realizing that it's not about the hot tip. It's not about you know, going and chasing the thing. But it's about finding, you know, stable items, that that could be an opportunity that are asymmetrical return, low risk, high opportunity as far as the revenue, the cash flow or the appreciation. And, you know, we're both focused on commodities that are not in a bubble, and that have strong potential for utilization and growth over the coming years. Let's talk let's go back to the the US dollar for a minute. How do you think it fares with all the printing? I mean, you mentioned you know, it's it the glory lights, the party has to turn off. Let's just let's kind of push out 20 years. I mean, it can't last forever. And I know you're not here to say winning when the bus happens, but I mean, what does that really look like? You know, let's just go out 20 years, what does that look like the value of the dollar overlay throughout history, we've had the world has had many international currencies medium of exchange store of a call it what you will not the only US dollars has not not been the only one we've had many, many, many in history. None of them have lasted more than 100 150 years or so, very important variety of reasons which we can get into but the point is very few or none have lasted more than 100 150 years. So the US dollar has been the number one currency for a long time. We have made many mistakes. Lots of excesses are developing in Washington. And that means and historically, it always means it is coming to the end 20 us about 20 years I suspect the US dollar will have seen its heyday long before then. My I own a lot of US dollars now. But like we united state where the largest debtor nation in the history of the world, never in world history as a country have been so indebted as we are. That's not good news. That's never Good, guys, let's put it this way. It's never been good you. Yeah, we're number one. Number one debtor. Well, that has never been good news. Never good.
I can see, you'll probably say, Well, why do you own US dollars? If that's the case, I own US dollars. Because when turmoil comes, people usually look for what they hope is a safe haven. In many people's minds, the US dollar is a safe haven for historic reasons. So I would suspect that the US dollar will have at least one more big move up when the turmoil comes it might get overpriced, might even turn into a bubble of its own, at which point I will have to sell my US dollars and put the money somewhere else. I don't know where yet. I have some thoughts and possibilities. But you have to get from here to there. And I don't want to sell my US dollars. I'm an American citizen, like you, taxpayer, taxpayer. And I know but I know that it's coming to me right now there are several countries in the world looking for a competent competitor to the US dollar. They're trying to develop something else for economic for political reasons, but also for economic reasons. So I can see the end coming. And in 20 years, it'll be something else. Yeah, I don't like saying it. But I have to face facts and reality.
Oh, Jim, we all have to admit it. And the first the first quarter celebration is making that first step of admitting is so well done.
Understanding it and acknowledge, acknowledging a problem understand your problem is so as you pointed out the first step towards doing something and challenging the situation.
And Jim, you've used the US dollar, so much as you've been invested and swung to different currencies in different areas of the world. So I appreciate that. I mean, you're the big picture is it won't last it can't last you as you mentioned, it's the it's the world's it's the most indebted country or reserve currency in the world. reserve currency, they've come and gone. And that's really a big point that you mentioned, because most people don't understand that they've only lived under one, which is the US dollar, they don't understand that there has been others. And obviously, if we go back and look at history, it It might have been, it could have been seashells, it could have been gold coins, it could have been a variant of different things and but the realization is that people have to understand after I wake up to that it won't continue. Let's talk about digital for a second. You know, let's go to even the digital China creating the digital Yuan and trying to or in and trying to do kind of a like money is going to be on the computer. It already is in China. China's ahead of us in many things, but certainly, as far as digital money is concerned, you cannot take a taxi in China with money. You cannot buy an ice cream in China, but you have to have your computer money. You're your own money. Well, I tried to buy an ice cream at one day in Beijing. The poor woman couldn't sell she didn't know what to do. She never seen money. I mean, she was young. I mean, now I have money on my phone. Now I can buy ice cream. I can now I can take taxes in China, but it's coming. Yeah, governments love it. It's computer money is cheap. I don't have to printer or transporter of guarded or anything. And like they know everything you do. They can track every move you make. And they love that. I mean, I hate it of course but doesn't matter because coming whether I like it or not. So money is going to be on the computer. Nearly every country in the world right now is working on computer money including Washington, DC, Washington, DC working on it too. I know it's coming. It's going to be government money and crypto guys say no, it'll be our money. Well, the crypto guys say we're smarter than the government. And like they are smarter than the government. Everybody is smarter than most people in government. But the government's got guns government's got tanks. And the government says it's illegal to use this other stuff. Most people will not use it. governments don't like using losing monopoly and control. Maybe the crypto guys are right.
Okay, so we're getting some really good stuff here, Jim. So let's let's let's process this breakdown what you just said so many people are looking for a safe haven. And, and you're saying, you know, most still hold the US dollar still hold the physical, tangible physical money. And that eventually that's going digital. And so for my listeners is practically understanding, that means you don't have the physical dollars anymore. So there's pros and cons might be more convenient might be easier in exchange. But maybe a con jam we could talk about is that it allows them to kick the can the farther down the street, and they can print more of it easier, because it's now my physical dollars and your physical dollars are, are not physical anymore. They're electronic. And so what they print, it's hard to guess how much the value of my dollar what it buys. Another cool and very interesting point you made is when it's digital, they can track what I buy, they can track, they may change the way that maybe our taxes work. Maybe they have ways to text me more text you more or, and it's so many different things on the digital side that maybe aren't good because we're still tied to that system. So now let's get into the crypto guys. You mentioned that they've got maybe they're think they're smarter than the government and they're at least trying to be smarter and creating their own system getting out of that system in a decentralized system. We have as a safe haven, your gold and silver have been historical options. You mentioned, you know, crypto seems like there's a dark horse in the form of Bitcoin and some other crypto assets. Do you believe that with the way technology is changing, the blockchain will be able to be a digital gold in the future?
Well, blockchain is changing everything we know, it's going to be one of the most important things in the 21st century. It's going to put a lot of people out of work, but electricity puts a lot of people out of work, do you know all these things, put people out of work but the world moves ahead and other people find new opportunities. blockchain is great, fantastic. blockchain is different from cryptocurrencies, some cryptocurrencies use blockchain, obviously, but like I would remind you that hundreds of cryptocurrencies have disappeared already. They will many, many, many of these things around and most of them, many of them have disappeared and gone to zero blockchains are phenomenal success. I have never bought or sold any crypto car. I wish I had bought blockchain. But I'm sure the way I'm sure I would have bought the wrong one. It went to zero. So blockchain has been great. And they say the believers say it's gonna go on forever. Well, you know what they say? I know, in history, governments don't like losing monopolies. 100 years ago, we could use anything we wanted for money, which I which is great. It's the best way. But at one point, the Bank of England came along, which is the most important bank in the world at the time, came along and said, From now on, it's an act of treason, to use anything for money except our money. Well, like treason means they execute you. So people stop using other things. And they only use Bank of England money. And that's what I don't like this. It's not the best way if you ask me, but as I said, I have the guns. And if it's an act of treason, or if it's illegal, I Anyway, I'm probably not going to use it.
Yeah, it's an interesting, it's an interesting thought line moving forward. You know, no one, no government wants to lose control. No government wants to have someone else in control. They want to stay in a centralized system, so they can do what they feel they need to do with those funds. And right now, it's, it's printed, help the stock market, you know, be propped up and stay alive and, you know, give stimulus after COVID. And after shutting everyone down, you'll give me a stimulus. And but you're right, there's a very interesting thing coming where crypto Bitcoin or Ethereum, for example, will continue to have a massive force to reckoned with and they'll come a client at some points where, you know, the government has to do something. And so what we've talked about is them coming to their own digital dollar. And having some kind of system that would transition everyone to the US digital dollar or every other country, their digital monies. And so It'll be very interesting to see, you know, with such a wide spread, you know, you've got square and PayPal bought into bitcoin for example and they've many platforms distributing it, you've got multiple credit card companies saying you can actually use Bitcoin to actually give you a Bitcoin rewards. Now you've got Matt, a massive bank yesterday, just so that you can store your Bitcoin in their bank. I mean, there's lots of very interesting plays. And the competition is a very interesting piece that you need to be aware of what's going on. And I mean, would you would you say, Jim, that one can actually get out of the system, get out of the monetary system and be in a a different system, a decentralized system? Or you're still on the fence yet? not really quite sure that can go that direction, if it'll last?
First, I will point out to you that last week, India made it illegal to use cryptocurrencies, India's second largest country in the world, not economy, but a lot of people Sure, India and they've already made it illegal. Who knows? Well, I who knows what's going to happen in the future? Yes. I said, many people have made fortunes buying crypto, buying Bitcoin isn't limited to Bitcoin, and a couple of others. And it may well happen, it may, Bitcoin may continue as a trading vehicle for who knows how long. But you were talking about centralization break, I would point out to you that if and when we have problems, such as no electricity, which can happen, especially in wartime, or just various and sundry kinds of disaster, you're going to be hard pressed to go down to the shop and buy a loaf of bread with your bitcoins. We all are, we need something that we can take into the shop and use and at the moment, I don't know any shop that will take Bitcoin except under very limited or special kinds of circumstances. I don't think and I don't know, maybe I'm wrong. I don't think many people are paying their bills. With Bitcoin. First of all, why would you? Why would you give some away that you think is gonna go higher? Sure. Why would you get? Why would you pay with Bitcoin? Unless you think it's gonna go down, then of course, you want to dump it on the merchant. But if it's going to go down, the merchant doesn't want to take it either. You know, that's the beauty of a medium of exchange, it's stable, and everybody knows the value. people when they go into the shop, buying bread, and not they're speculating with the money to buy some bread. So maybe, maybe it's all going to change. And the Bitcoin gods, of course, it will change. We will see, I'm skeptical, but I've made many mistakes in my life. So we will see.
Yeah, well, time will tell it's interesting, where it's definitely coming to a head with multiple different things, education is the best resource right now to stay on the cutting edge and to know what's going to happen, one to know what's going to happen with the US dollar and to to know if there is a way to get out of the system, one might want to consider that. And so there's so many things from institutions to insurance companies putting their premiums in Bitcoin to, again, like the credit card companies, some actual large, massive banks getting involved. So really interesting things happening. And it's all about currency. It's all about what's going to happen to money. And so one thing that we both fully agree on is commodities. Getting in something that you know, works that stable, that creates the creates income. And it's always a joy to to hear you on all the different channels and platforms that I have over the past years. Jim, I would love to before we end, I'd love to lighten the mood and take a transition. I'd love to hear one of your favorite memories, promoting your Guinness Book of World Record trips.
Well, a beginners book a world record said three times but like I hasten to tell you the Guinness Book of Records is not paying your rent. My mother thought it was great. He goes, You know when I go to the grocery shop, the guy doesn't care. He wants money just for the bread. He could care less. Nope, not many people can. Well, I did go around the world. twice once on a motorcycle, which is fantastic fun was so much fun that I did it again only in a car. The second time I spent five years driving around the world. Because I wanted adventure. And I wanted to see the world I grew up in a very small town in the backwoods. And then I always wanted to see the world who knew that I would do it. That stuff I talked about when I was young, I actually would do Wow, I saw what one I can we were held hostage once in the Congo for nine days, divided by the police by the way they wanted money, it was essentially trying to get money out I was in the air. While we didn't have any money. They put us on a flat car and ran Osada, we were sent out of town on a rail, because they wanted to make sure we went far away and didn't cause him any problems. But it you know, it's great. Going to me adventure now. Like, I'm certainly delighted to be alive. But I guess I'm lucky to be alive. As most people who try things like this don't make him they give up for good reason, or they get killed or whatever injured. So I'm, I'm a little surprised to be alive, but I'm quite happy to be alive. People would say to me, you're probably going to get killed halfway around the world on a motorcycle. And my risk response was, well, at least I'm going to die happy. You know, I could get killed walking down Broadway in New York, and buy a bus. And what a way to go, what if I die going around the world on the motorcycle, I'm going to die doing what I love. And I'm going to die happy. I didn't want to die. I'm glad. But I'm just telling you that that was my approach is I very much wanted to see the world. And I wanted to have adventure. So I did it.
Yeah, I love that, Jim, I love love your adventurous spirits. You know, and it's something to take away guys that, you know, we're talking about money. And we're talking about the effects of it and the pros and cons like consequences and what's money and but at the end of the day, you need a purpose. You need a passion, and you need to actually go live and experience things and and actually have a full life. And so I love that about you, Jim three Guinness Book of World Records. Not for the Guinness Book of World Records. Fact, but for the fact that you actually wanted to enjoy life. And it's a tribute to your character who you are.
Well, as I say, I didn't go around the world to get into the Guinness Book of Records, that would be pretty hopeless reason to go around the world very expensive route anyway.
Yes, yeah. But it was a byproduct that say my mother thought it was great to keep it certificates on the wall. But for me, it was adventure and fun. And to see the world gym again, thank you so much for your heart, your time, man. One thing we have in common is love commodities love something that has tangible, wealth, giving capacity. And so for those of you who have interest in investing in commodities, those that have a safe haven, that are store hold of wealth, that give you a place of control, to give you cash flow and appreciation have tax advantages. This is the season to change your entire wealth strategy. We'll be doing a webinar very soon with new opportunities. So pull out your cell phone, if you have any interest at all, pull out your cell phone. And what I want you to do is text Solomon to 31 996. Again, text Solomon to 31 996. Again, that is how you'll communicate with us. We'll then get your email send you email updates on when our new funds open. We've got two brand new hedge funds opening that I know you'll be very, very excited about. We've had a storm of an interest in like man, can you actually set this up, you set up in a structure that will actually be for for a larger man. So a lot of our investments they closed because they fill up very fast. And so you'll be very excited. The webinar will come soon. Again, text 31 996 text the word Solomon to 31 996. God bless you guys, Jim. Again. We'll do it again soon. Jim, do me a favor and share one tip that if these if my listeners had this one tip, it would really help their investment career.
Well, I hope everybody learns what's going on because if they become knowledgeable, they will become worried and if they become worried then they will do something to protect themselves. to benefit, so I hope everybody watches you or whatever it takes to become knowledgeable, because that's the only way you're going to survive the next decade or two. So keep on like, thank you. Thank you. Thank you. Bye bye. Bye bye.
Thank you soon my friend