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%.
Thursday, December 29, 2011
Expecting Precious Metals to continue to correct
Jim Rogers : Well, I´m not selling my precious metals, my own precious metals. I´m just expecting them to continue to correct, and if they correct I´m going to buy more. The lower they´ll go the more I buy more and more. But I´m most optimistic about agriculture. Agriculture is extremely depressed on an annual basis. We have shortages of everything developing. Many farmers are very old. The average age of a farmer is 58. In Japan the average age of farmers is 66. In Australia the average age is 58. I mean we´ve had our share of serious, serious problems in agriculture very serious shortages developing. Agriculture is going to be one of the most exciting areas of the world economies in 10, 20, 30 years.
Labels:Jim Rogers Precious Metals
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 "