Jim Rogers : "I don't know of any asset that's gone up 12 years in a row without a down year ... equally important is the fact that gold has one correction of 30% - as much as 30% - in 12 years. Now that's very strange. Most [assets] correct 30% every year or two. That's just the way markets work. The peculiar action in gold has been the 12 years [without that correction]. So it was certainly setting us all up for some kind of correction."
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%.