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%.
Tuesday, January 3, 2012
It would not surprise me if Gold went down to $1,300, $1,200
Jim Rogers : ...Melissa, I'm a terrible market timer. I'm a terrible trader, so you should watch your show or cnbc to get good prices. it would not surprise me if gold went down to $1,300, $1,200. if it goes that low, i will buy a lot more. i'm not selling any of my gold or silver but I'm not a good market timer. I'm just saying that gold has been up 11 years in a row. it deserves a substantial correction. substantial corrections are not unusual in bull markets. if it goes that low, i will buy a lot more. - in CNBC
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 "