ET Now : What about gold? MCX gold by virtue of what the currency has done as well is trading at newer highs. It has gained quite a bit in the last few days as well. How much further do you think gold can move up to - internationally or possibly in India?
Jim Rogers: I bought some internationally when it collapsed. When it got to $1200, I bought some just in case I suspect that there are going to be future opportunities in the international markets. India has got their situation with your currency which makes it more and more difficult for you to judge the timing because you have to get the currency and the western price of gold right. I am not buying gold in the west at the moment. I am just watching, expecting another chance to buy. But if war breaks out in the next week or month or something, who knows how high India is going to go and it looks like war might break out.
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%.
