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, May 3, 2010

Jim Rogers : gold and silver to go much higher

Jim Rogers interviewed by Mining Stock Talk May 3rd, 2010



Jim Rogers :" there’s never anything such as an upside limitation, I mean things can go to the moon, things can go awfully high. I would expect gold and silver to be much higher over the next decade or two, because governments around the world are printing money and debasing their currencies. There are not a lot of new gold or silver mines coming on stream. Now there are lots of gold reserves–huge–not so many for silver, so prices can go much higher than I expect them too. I have no idea when. Gold right now is making all times highs, in several currencies. I don’t like to buy anything making all time highs, and it’s near an all-time in USD. I’m watching gold, if I were going to do something in precious metals, I’d probably look at silver, or platinum or palladium or something. But they can go much, much higher. If the dollar collapses, then infinity is a possibility. When a currency goes to zero, the gold price, or any price in that currency, will go to the moon."
Read the full transcript here >>>


Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets


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Jim Rogers on his Commodity Index RCI

Q : You claims to only invest in commodities, but is not this inconsistent with the strategy of diversification ?

Jim Rogers : "Most investors I know who have had success have made money by making targeted investments. If I had asked you in 1982 to invest all your money in the Hang Seng index you would think I am crazy, back then most foreigners had not heard of the stock market of Hong Kong, and the same goes for most people in Hong Kong. But if you did, by now you would be rich. I'm not trying to persuade you to invest all your money in commodities. However I say that the only bull market that I currently know of is that of the commodities. I know that bonds are not in a bull market phase, that actions do not put a sign of success, unless you identify the right actions in the right country, and maybe you can make money in real estate in Hong Kong But this won't continue for the next 15 years."
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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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