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%.

Tuesday, June 15, 2010

Jim Rogers about Inflation In America and the world

Jim Rogers about Inflation In America and the world
Jim Rogers :"Rising prices is inflation. Inflation does not call prices to go up. Price is going up because of inflation. So I am optimistic about the price of commodities going forward. The governments spend a lot of money, that is going to lead to higher prices at least it always has. Now if governments stop printing money, then we are going to have other things going on in the world.
We have economic decline, continue the economic decline but so far, governments do continue to print money all over the world and many nations in the world acknowledge they have inflation. India happens to be one of the ones that are honest about it. America is dishonest, America lies about inflation. The UK lies about it but many Australia, Norway, China many others tell the truth and we do have inflation in the world and it is going to get worst. " Interviewed by the Economic times of India
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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