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%.

Tuesday, November 10, 2009

Gold Heading to $2000 as Predicted By Jim Rogers?

Jim Rogers vs Nouriel Roubini


Investor Jim Rogers successfully predicted a rally in commodities back in 1999. New York University economist Nouriel Roubini predicted the collapse of the housing market and financial meltdown back in 2006.

Now the two gurus are predicting each other to be incorrect. Rogers says Roubini's forecasts for bubbles to pop in the gold and emerging-market stock markets is just wrong. “What bubble?” says Rogers, Bloomberg reported. “It’s clear Mr. Roubini hasn’t done his homework, yet again.”

According to Roubini, investors are borrowing dollars to buy emerging market stocks and commodities, which is inflating the value of those assets.

Rogers counters, arguing that Chinese stocks and commodities including sugar, silver, coffee and cotton have all fallen from historical highs by at least 50 percent.
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Jim Rogers: Only Bubble Is in U.S. Bonds

“The only bubble I see forming in the Western world is in the U.S. government bond market,” Jim Rogers told Bloomberg.

“Other than that I don’t see any bubbles going on.”
“They’re certainly all up a lot, and maybe they’re too high,” he said. “But being too high is not a bubble. .
I’m not buying any stock market around the world right now. They’ve all gone up a lot.”


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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