legendary investor Jim Rogers on Glenn Beck TV GBTV : During 1933 under Roosevelt people were put 10 years in jail for possessing gold coins also you could not open a safety deposit unless there is a member of government there watching you but Jim Rogers says that this time it is different he does not think they will take the gold away but what they are more likely to take this time is your pension plan or your IRA , what they will say "we are doing you a favor" they always say that what they will say is your pension has been fluctuating there is a lot of turmoil in the market what we are going to do we are going to take your pension and we are going to give you 30 years government bond and they will pay you 3 percent says Jim Rogers
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%.
Friday, December 9, 2011
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 "