Tuesday, September 4, 2012
Currencies are being Debased, the best way to protect yourself is with Real Assets
ET Now: Are you bullish on commodities overall and what makes you still bullish given the gloomy economic outlook as well?
Jim Rogers: The commodity bull market is going to on until there is a lot of new supply. You do not have much new supply in most commodities. Commodities are determined by supply and demand. You will certainly have corrections. You will have corrections in all bull markets, and you had several corrections in stocks which went up from 1982 until 2000. In 1987, stocks went down 40% to 80%. It was at the end of the bull market and you will certainly have corrections in commodities, but we are going to have shortages. If the world economy gets better, you will have big shortages. If the world economy does not get better, governments and central banks will print more money. It is a wrong thing to do, but that is what they do and that of course when currencies are being debased, the best way to protect yourself is with real assets. in India Economic Times
Click here to watch the full 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%.
Jim Rogers New Book :
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator
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