Jim Rogers on whats Moving the Gold Market

Jim Rogers : “Some of the factors that determine the demand for gold are slightly different than the factors that determine the demand for steel. But basically, if you have shortages of something, supplies are going down. You can have a bull market even if demand goes down. But if you have demand going up and supply going down, you’re going to have a huge, wonderful bull market. “Gold is being seen as a protection against inflation, against money printing, against debasement of currencies. The supply of gold hasn’t increased very much. Many goldmines are old and running out. So you have problems on both the supply and demand side.” - in The Money Man



 
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%.

El-Erian : Greece Default is now Inevitable

Mohamed El Erian, CEO of PIMCO, discusses with aljazeera English the Eurozone crisis; and the global economy ,If the Euro does not survive it is going to be terribly bad news not only for Europe but for virtually every country in the world which will cause a global depression El-Erian says....the Europeans have not been kicking the can down the road they have been rolling a snow ball down the hill ...this is Europe's moment of truth.....

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 : I Cross-check all Governments Numbers

Jim Rogers: It’s just like in America, you have to have lots of sources and cross-reference. Yes, I read the IMF numbers. The World Bank, the CIA. Yes, I look at all those numbers, and frequently they are the same because most bureaucrats are pretty lazy and they just rely on each other. But then there are some things like the Indian numbers that never make sense to me once you go to the country and drive around – and Russia and America as a matter of fact! The reported inflation numbers in America are an embarrassment. You have to double-check, cross-check. Cross-check I guess is the best answer, I got to have those numbers from everybody, but do I rely on any source? No, no source. - in Motely Fools 






 
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 on microfinance ventures

Jim Rogers: Sounds like a great idea, and at least in the beginning I guess it was, but it has collapsed as a concept. Isn’t the guy [Yunus] that won the Nobel Prize in prison? Or threatened with prison? But I don’t want to get into all that. It has nothing to do with him being right or wrong, but all of that is an indication that it might have been a great idea once in a small way, but since then – just like any other business – when too many people pile into it, when everybody piles into it, it becomes a problem with too much competition, too small margins, etc., etc. So, that’s my view of microfinance. No, it will not solve Bangladesh’s problems. It may make Bangladesh’s problems worse. We’ve had various types of things turn into Ponzi schemes, turn into pyramids, turn into disasters. Whatever is going to save Bangladesh is not going to be microfinance. Not now. - in Motley Fools





 
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%.