Recorded on April 21 2026
Jim Rogers returns to Natural Resource Stocks for a sharp macro discussion on why he has sold all of his U.S. stocks, why he is still holding U.S. dollar cash, and why broad confidence across markets makes him more cautious, not less. In this interview, Rogers explains how crowd psychology, central bank money creation, and an unusually long stretch of market strength can create the kind of setup that leaves investors asking harder questions. He also breaks down why he still owns gold and silver, why he is not buying more at these highs, and why hard assets like agriculture may deserve more attention if the current market mood changes. Steve Yang presses Rogers on the apparent contradiction between distrusting fiat over the long run while still preferring U.S. dollars right now, and Rogers answers by focusing on what the world believes, not just what he believes personally. The conversation also covers geopolitics, market complacency, commodities, and what younger investors should learn from past cycles before the tide turns. #Millettian
Key topics list
Jim Rogers sold all of his U.S. stocks
Why he is holding U.S. dollar cash right now
Why central bank printing worries him
Gold and silver at all time highs
Hard assets versus paper assets
Agriculture as a possible place to look
Why he is asking whether it is time to short stocks
Lessons for younger investors entering uncertain markets
Guest links
Jim Rogers
https://www.jimrogers.com/
Host block single host only
Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Why the U.S. dollar still wins
00:37 Introduction and Jim Rogers returns
01:44 Longest stretch without a major market break
03:31 Geopolitics, Iran, and market stress
06:25 Why Rogers is holding U.S. dollar cash
09:16 Central bank printing and distorted markets
12:05 Why the tide will eventually turn
12:54 Gold, silver, and the commodity setup
15:01 What investors should be doing now
16:39 Advice for younger investors
18:30 Is it time to short stocks
19:11 Travel, books, and final thoughts
The content provided by Galt Consulting Group, doing business as NaturalResourceStocks.net, including but not limited to interviews, articles, podcasts, and other digital media, is for informational purposes only. We reserve the right to buy and sell shares of any company mentioned in these communications, including sponsors of the NaturalResourceStocks.net platform.
If Galt Consulting Group or any affiliated parties are invested in a company mentioned in our content, we will publicly disclose such investments on all digital platforms, including but not limited to the NaturalResourceStocks YouTube channel, Apple Podcasts, and Spotify. This disclosure will include clear statements indicating whether or not we hold shares in the companies discussed.
Nothing in our content constitutes financial advice. Every investor is responsible for conducting their own due diligence and should seek the advice of a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and investments in the stock market can result in the loss of principal.
By engaging with our content, you acknowledge that you are fully responsible for your investment decisions and agree to hold Galt Consulting Group, NaturalResourceStocks.net, and its affiliates harmless for any financial losses incurred.
