Friday, December 9, 2011

Jim Rogers NewsMax TV Interview 08 Dec 2011

Jim Rogers interviewed by Newsmax TV : "I am putting my money into real assets, things like commodities and natural resources because if the world economy gets better, I'm going to make money because of shortages and if the world economy doesn't get better, which is possible and maybe even probable, governments are going to print money,and when they print money, you need to protect yourself in silver , rice whatever you pick natural resources. That's how you protect yourself and possibly make a lot of money, in times like that , I also own some currencies , I have shorted stocks , I am short stocks in America , Europe Emerging markets that's how I am trying to protect myself going forward " Jim Rogers says " "I happen to own all commodities, I own more of agriculture and precious metals than the others, but I expect them all to continue to do well. Commodities over the past 10 to 12 years have done much better than stocks, and I expect that to continue to be the case," He added

Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "