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%.
Saturday, December 17, 2011
Jim Rogers on The Gold Price Volatility
Jim Rogers : Well if gold were $1,200, I would rush out and put a lot of money into gold. And that’s not such a strange statement, by the way. Many assets go down 40 per cent or 50 per cent over a year or two period. That’s not unusual at all. In the 70’s gold went up 600 per cent, went down 50 per cent – scared everybody out. After everybody got scared and sold, it went up 850 per cent. That’s not unusual in markets. So if gold went down a lot, I’d buy a lot more. If it went down, I don’t know, $1,500, I’d certainly start buying. If it went to $1,400, I’d buy more and if I was still solvent at $1,200 or $1,100, I would buy a lot more. - in the street.com
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 "