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%.
Wednesday, November 30, 2011
Jim Rogers : If Gold falls to $1,200/oz I will be extremely excited
Jim Rogers : "Gold is overdue for a correction. I own gold and I'm not selling my gold. Gold has been up 11 years in a row, that's extremely unusual for any asset. 11 years in a row, without a single down year, so somewhere along the line, gold is going to have a correction. It's been correcting for three months now, and it wouldn't surprise me if went on for a while. It's normal, it would be good for the gold market. Anything that goes up 11 years in a row has to worry people." Rogers told CNBC in a recent interview and he explains that If gold retreats towards $1,200 per ounce, he would be “extremely excited.” <p> “I’d probably get more interested at $1,600. At $1,710 or whatever it is today, I’m not buying gold, I’m just watching, and likewise for silver.”
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 "