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%.

Monday, June 10, 2013

Jim Rogers : Gold is not Money until you can go into a shop and get someone to accept it as Money



FM: You write that you concentrate very much on fundamentals. However you lump gold in with other commodities in several of your books. Do you analyse gold as a commodity or do you look at it as money?
Jim Rogers : Everybody has their own view. Mine is that gold is not money until you can go into a shop and get someone to accept it as money. Gold, certainly in recent decades, is nothing more than a commodity. Yes at times it has been money in the past, but so has silver, so have seashells, so have cattle. A lot of things have been used as money. Silver has been money more than gold historically, and throughout the world there is a lot more silver around.



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 : Until it scares a lot of people the Correction is not over



Jim Rogers : Unfortunately from my point of view, and I own gold and haven’t sold any, we are in a long overdue and much needed correction. The anomaly was that gold had been up 12 years in a row. That’s not normal, typical action. It’s abnormal, which worries me and should worry all the gold bulls. It has now corrected for some 18 to 20 months now. I find that encouraging. I mean, I don’t know, because I’m not a very good market timer, but I do know that most corrections go on long enough to scare a lot of people and scare them out of their positions, and that’s what I would expect to happen.
I’ve had people write to me and say: “gold cannot go down 30%”, and I say: “turn on your computer. It’s there.” There are a lot of mystics that are still true believers. Until it scares a lot of people the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality. - in Goldmoney


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 : Every once in a while Even I get it right sometimes


Jim Rogers : Every once in a while I get it right. Even I get it right sometimes. Vindicated? I don’t take any great pleasure in it. I just talk about the way the world works. It’s reality. Unfortunately some people don’t like to see how the world works, but yes, I did happen to get it right this time. - in goldmoney



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 How To Invest in 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 Morningstar


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 think the bull-run in commodities will continue and what we are seeing now is a long overdue correction


 What is the likely impact of this on global commodity markets?

Jim Rogers
: I think the bull-run in commodities will continue and what we are seeing now is a long overdue correction.

In all bull markets, there are corrections and it does not mean that it has come to an end. We have seen that in the equity bull markets.

For example, between the years 1982 and 2000, a lot of people called a correction an end of the bull phase in equities.

This is exactly what is happening to commodities right now. So, the long-term bull market in commodities is not over yet. - in rediff




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 "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 "
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