Jim Rogers : these debt reduction talks are a sham

Legendary Jim Rogers on FOX Business News 07/11/11 to discuss the debt ceiling and global economic outlook for America and the world
Jim Rogers : we gonna default one way or the other but they may not call it a default , you can inflate your currency and pay people back with worthless money so it can happen , and these debt reduction talks are a sham as far as I am concerned we have been talking about this for thirty forty fifty years , thirty five years ago there was the Grace commission which said you got to stop it , and then they passed the Grand Rudman act they said we would not have a deficit spending anymore they just ignored it they continued their merry ways and they will again "






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%.

Jim Rogers : Owning the Metals is better than owning the Miners

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%.