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%.

Thursday, January 5, 2012

I do not think the EU will break up at all

Jim Rogers : I do not think the EU will break up at all. The euro will have some problems this year. I am actually long on euro. There are many people shorting the euro right now. But I am thinking about buying more. I do not think that the euro is going to break up in 2012. I certainly think it will within the decade, but it will survive this year, maybe some money will drop out of the euro, but it is not going to be the end of the euro. The world needs something like the euro. I hope it can pull together. I cannot invest on hope obviously. - in ET Now

The Chinese economy is not just real estate and real estate speculation it is much broader than that

Jim Rogers : I do not know if it is a soft-landing. Some parts of the Chinese economy are going to collapse. China has been doing its best to cool off the real estate bubble and they are starting to work. So I suspect some parts are going to have a very hard landing. Other parts of the Chinese economy are going to boom. But when people do slowdown there will be some hard landing in some sectors. Of course this will affect the demand for everything especially copper, cement, and things like that. So I would certainly see a slowdown in China’s demand for building material; things which go into building infrastructure. But that is not the end of the Chinese economy. The economy is not like the one in America and the UK when essentially it was wrapped up in real estate and real estate speculation. The Chinese economy is much broader than that. - in ET Now

Jim Rogers : India is one of the worst places to do business

Jim Rogers : "The headlines said that India is now going to open it up, so that people can invest in the Indian stock market. People were waiting for this for a long time. I may have covered my shorts and might even buy in India — but I realized, it is the same world, bureaucratic nightmare in India."
"One thing would be if you opened your economy, currency, stock market and commodity markets. If you opened everything, I would have to start getting very interested in India. I have talked to you before about the nightmare of bureaucracy and the regulations there. The government just keeps spending other people’s money. India is a single best country in the world to visit as a tourist, but one of the single worst bureaucracies in the world and one of the single worst places to do business. That can all change. It could be extremely exciting maybe not in 2012, but certainly after if the Indian government would ever get its act together. "- in ET Now

Gold is due for nice correction in 2012

Gold could fall to $1200 says legendary investor Jim Rogers : "If Gold goes to $1200 say I hope I am smart enough to buy a lot more gold , that's not a prediction but it is not a surprise Tara most assets correct 30 or 40 percent during the course of any year or two , gold has not had a serious correction in a long time , it's up eleven years in a row that's extremely unusual for any asset so Gold is due for nice correction " Jim Rogers told Reuters
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 "
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