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%.

Thursday, April 1, 2010

Jim Rogers I doubt I will own sterling in my lifetime,

Jim Rogers on Sterling pound UK

Jim Rogers shuns sterling on UK trade deficit



Investor Jim Rogers, chairman of Singapore-based Rogers Holdings who co-founded the Quantum Fund with George Soros, said he is

shunning sterling because of the UK’s trade deficit.

“Things are pretty bad for sterling for the long, long, long term,” Rogers said in an interview with Bloomberg Television on Friday. “I cannot imagine buying sterling back unless it gets really cheap.”

Rogers is the latest investor to question the British pound after the currency’s worst annual start in 13 years. Wagers on the pound weakening against the dollar outnumber futures that profit on an increase by eight times. That’s more than when Soros made $1 billion betting against the pound in 1992.

“I doubt I will own sterling in my lifetime,” said Rogers, 67, who predicted the start of the global commodities rally in 1999.

Hedge funds and large speculators had 67,549 more bets the pound would decline against the dollar than contracts that profit from an increase as of March 2, data from the Commodity Futures Trading Commission in Washington show. The so-called net-short position has averaged 60,548 in the five weeks to March 9, compared with about 7,200 in October 1992, when Soros was profiting from the pound’s plunge.
Read full article

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


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 "
Related Posts Plugin for WordPress, Blogger...