Jim Rogers : "Gold has gone up eleven years in a row and it is consolidating right now. I have not sold any gold, I still own my gold,"
"If it goes down, I hope I am smart enough to buy more, and I hope I am smart enough to buy more silver, because precious metals are going to make a lot of money for a lot of people in the next decade."
"If Spain suddenly goes bankrupt out of the blue, everything is going to collapse ... to $1,300 or $1,200 if it goes that low, and I hope I am smart enough to buy a lot more,"
Rogers tells Newsmax.TV in an exclusive interview.
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%.