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%.
I think there will be a better chance to buy gold later. I own gold, I
have not sold and I am not selling any of my gold. I hedge some of my
gold. I think there will be a better chance to buy.
The indians who are the largest buyers, or have been the largest buyers
of gold in the world, indian politicians are doing their best to stop
indians from buying gold. They have been very successful in the last few
months.
Worse than that. The indian politicians are now trying to make indians
sell their gold. many of the indian temples over the last few centuries
have built up huge stock piles of gold. Now the politicians want them to
sell it. If those indian temples start selling gold, who knows how low
will it go.
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%.
People have tried the gold standard many times. It has always in the end
been abused by politicians. They cheat the public, they start cutting
back on it, they abandon the gold standard. It might work for a while,
but nothing has ever lasted forever. So we can try the gold standard but
it will not work. It has never worked before for any long period of
time.
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%.
We are just making the situation worse. the debt is going higher and higher, the money printing is going higher and higher. We have had 50 or 60 years of excesses in America. You have to pay the price someday, wether we like it or not. The longer you delay the day of reckoning, the worse the day of reckoning is going to be.
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 "
