Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Wednesday, September 23, 2009

I will sell all my US Dollars Jim Rogers

Jim Rogers talked about US dollars while he was attending the China International Financial Services Conference (CIFSC) held in Guangzhou on September 10, 2009.

Rogers believes that the last 50 years is U.S. government's journey into a huge debt and the U.S. government's decision-makers are still repeating this mistake.
legendary investor Jim Rogers has warned for many years, like Peter Schiff and Marc Faber, that the United States economy is in total decline and that Asia is the land to put your money.

Co-founder of the Quantum Fund and creator of Rogers International Commodities Index, Jim Rogers, told attendees at the China International Financial Services Conference CIFSC held in Guangzhou last week that he will sell all United States dollars, according to People’s Daily Online. For years now, Rogers has been telling media outlets and investors that he wants to get completely out of the US dollar and put his money in other sound currencies. Rogers went on to say that the last 50 years the US government has taken a dive into astronomical debt and the each administrations continues to make the same mistakes.
Source :People’s Daily Online

Tags: dollar recession depression decline US economy economic collapse crisis meltdown Bob Chapman Rand stck market gold silver Ron Paul Alex Jones Peter Schiff jim Rogers Max Keiser

Commodities Weak Demand for Potash in China September 22 2009

Potash could go bellow US $400 for contract prices in China


China could negotiate 2010 potash contract at US $395 a ton FOB within the next two months
Commodities : September 22, 2009 : Weak Demand for Potash in China
BNN talks to Na Liu, China commodity strategist, Scotia Capital, about supply and demand in Chinese commodity markets.
Click here to Watch The Video

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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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