Menon: For novice investors, what would be the best way to gain exposure to gold?
Jim Rogers: There are various ways, you can buy coins or bars or futures. Futures are where you get the best leverage but you’d better know what you’re doing or you’re going to get wiped out pretty quickly. But you can also get extremely rich pretty quickly if you know what you are doing, if you get it right.
Or gold mining stocks. But if you are going to buy gold mining stocks be sure you get the right one because more money has been lost in gold mining stocks over the past 100 years than any other asset class, including railroads and airlines. So be sure you get the right stock if you are going to buy a gold mining stock. - in Morningstar
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%.