Gold: if you Buy at the time of Collapse you make Money

Menon: Would you say that the recent price is or isn’t a buying opportunity for investors?

Jim Rogers: For nimble people it probably is. You have enormous negativity and enormous collapse. So usually if you buy at the time of collapse you make money if you are a good trader. I am not a good trader.
I am waiting for what I hope will be a better bottom, if it comes. We may have had the bottom. I did not buy, am not buying, but certainly that kind of collapse nearly always in history--no matter what the asset is--you should buy that kind of collapse. I did not. - in Morning Star


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: 50% Gold retracement would be around $960

Menon: What sort of price would tempt you in?

Jim Rogers: I have no idea! At $1,300 I would probably buy some. $1,200 I would buy some more. $1,100 I would buy even more. $1,000, if I’m still solvent, I would buy even more .
You know 50% retracement would be around $960. 50% retracements are very common in markets. I am not suggesting it is going to get there but those sorts of numbers are common.


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 have bought a few North Korean Gold Coins

Menon: What sort of gold coins do you buy?

Jim Rogers: US, Chinese, Canadian, Australian, Austrian. Austria has some very beautiful ones. British sovereigns. Those are the ones that I think of....And I have bought a few North Korean gold coins - in The Morning Star



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%.

Gold : Certainly, over the course of ten years it will go much, much Higher

Menon: Over what time horizon should investors expect to make money by investing now?

Jim Rogers: Certainly, over the course of ten years gold will go much, much higher because I don’t see any possibility that governments are going to stop printing money in the next decade. And as long as that’s going to happen then gold is certainly going to go higher and probably much higher. - in The Morning Star



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 the best way to gain exposure to Gold

Menon: For novice investors, what would be the best way to gain exposure to gold?

Jim Rogers: There are various ways, you can buy coins or bars or futures. Futures are where you get the best leverage but you’d better know what you’re doing or you’re going to get wiped out pretty quickly. But you can also get extremely rich pretty quickly if you know what you are doing, if you get it right.
Or gold mining stocks. But if you are going to buy gold mining stocks be sure you get the right one because more money has been lost in gold mining stocks over the past 100 years than any other asset class, including railroads and airlines. So be sure you get the right stock if you are going to buy a gold mining stock. - in The Morning Star


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%.