The Commodities Guru and Wall Street King Jim Rogers, chairman of Rogers Holdings is bearish on India. In an exclusive interaction with NDTV he said that he is looking at every opportunity to buy gold and believes that commodities is a 'no fail' trade." If Gold continues to go down I will buy as it goes , but $1300 $1200 I will probably buy a lot of gold , if it got to $1100 I will probably buy a lot of gold " says Jim Rogers " I am more optimistic about agricultural products and other commodities but I own all the commodities that are in a correction right now and I hope I am smart enough to buy more , if the world's economy gets better I am going to make money in commodities because there are shortages , if the world's economy does not get better I want to own commodities because they are going to print a lot of money " Jim Rogers explains
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%.