JIM ROGERS

JIM ROGERS

Monday, May 20, 2013

Jim Rogers Discusses Gold, Housing and China

Jim Rogers Discusses Gold, Housing and China
Louis Basenese sits down with Jim Rogers to discuss gold prices, currencies, the housing market, China and Ben Bernanke's mistakes in the Federal Reserve

Lou Basenese:  Thanks for taking the time to speak with us. First question I have concerns gold. You’re on the record right now with Business Insider saying it would be normal for the price of gold to come down to $1,200 or $1,300 an ounce. Is there any reason, fundamentally, that you think it could go lower than that?

Jim Rogers:  The fundamental reason could be the market. Markets usually go too far on the upside and too far on the downside. If you start having people getting margin calls or getting scared and getting hurt, then yes, it could continue to go down. But I don’t know if you would call that fundamentals or market. But there is a lot of gold out there that people have bought in the past decade, and some of that could come to the market as people get scared.


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%.







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

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 "