Over the long term, silver prices will increase, Jim Rogers, who owns silver, told CNBC. "Silver's going to go much, much higher over the next decade," Jim Rogers said. :" the world is having shortages developed in nearly every metal" Jim Rogers explained . " ...I own the metals themselves , I happen to own some Rio Tinto which I have owned for decades , 12 years , basically I rather own the metals themselves rather than the miners ""If you picked the right miners or the right oil company or the right anything you can make a lot more money than you are making in the metal there is no question about that , but the study show that you better off owning the commodities themselves than rather than the miners or the oil companies , for instance natural gas tripled in the last few years , well Enron was a natural gas company , Enron went to zero , natural gas can go down but it cannot go to zero the same with all commodities , if you picked the right one you are going to make a lot lot more money but otherwise you should stay I think with the commodity itself"
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, July 12, 2011
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator