Legendary investor Jim Rogers on CNBC - 29 Nov 2011 asked about the physical gold versus the paper gold : The paper market has become huge in the past few years just like the paper wheat market is much more important than the physical wheat market , the paper market in gold and in precious metals can go both ways of course because it is a lot easier for people to sell their gold now , you got to see a lot of redemption in the paper market and that's going to drive down the physical market . Jim Rogers Sees Gold Correction . The price of gold has been rising for 11 years in a row and the precious metal is due for a correction, investor Jim Rogers, chairman of Rogers Holdings, told CNBC.
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%.
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 "