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%.

Monday, March 22, 2010

Jim Rogers I do not expect the Euro to be around in 20 years

Jim Rogers on Goldseek radio 20 Mar. 2010


Jim Rogers I do not expect the Euro to be around in 20 years or may be in 16 or may be sooner for what i know , unfortunately the Euro is badly executed and I am afraid it won't survive but having said that I do own it at the moment , said investment guru Jim Rogers , regarding the British sterling jim Rogers said : I do think the sterling has serious problems it is like the US dollar both are terribly flawed currencies , UK has many problems the north sea is dying up from oil the city of London is drying up I do not see what the UK to replace those two huge sources of income it is a huge debtor nation I suspect the sterling in the coming couple of years will have difficult time at best ,
Gold has only to go up with 6 percent 7 percent a year ,as you know gold mining is not expanding at all , if we continue to have continued currency turmoil and worries about paper money then there gonna be more and more demand for gold , I own gold , I plan to buy more , as you know gold recently made new all times high , if gold goes I am smart enough to buy some more gold remember what Marc Twain said was the definition of a gold mine : "it is a hole in the ground with a liar standing at the top " that's part of the problem you have when you buy gold stocks , you have to worry about a lot of other things then just about the gold price ...you need to make sure you have the right gold stock


Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver






China vs USA - The Battle for Oil

Today, China is the second largest consumer of oil, just after the United States.

But with one of the highest rates of growth on the planet, its energy needs are increasing seven times faster, while its reserves are depleting.

China is unable to produce the oil it needs today. It has to import half of it. In the next three years this number will increase to two-thirds, if not its whole economy will collapse.

Lacking its own source of oil, China is dependent on the rest of the world.
Hence it's imperative to find new countries to provide it and secure these supplies in an increasingly unstable world.

In this crusade for black gold, China is already in direct conflict with the current greatest consumer of the world's oil: the United States.

China will continue buying U.S. Treasury bonds says Joe Portera

China Won't Stop Buying Treasuries

NEW YORK (TheStreet) - Joe Portera, co-portfolio manager for the Hartford Strategic Income Fund, says despite their tough talk the Chinese will continue buying U.S. Treasury bonds.

China threatens US over currency rate dispute

yuan vs dollar
Beijing has threatened to retaliate if the United States declares China a currency manipulator and imposes trade sanctions.

The US Treasury is to rule whether China is unfairly holding down its exchange rate to gain a competitive edge in global markets.

Political pressure is growing in Washington to declare China a currency manipulator. Some US senators have threatened to slap duties on Chinese products if Beijing fails to allow the yuan's value to rise.
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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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