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%.

Friday, September 13, 2013

If Spain goes Bankrupt , Buy all the Oil you can


ET Now: How would you look at crude prices, especially with high shale production in the US and with OPEC and non-OPEC output expected to remain higher?

Jim Rogers: We have a slowdown in demand. As we discussed before, whenever you have a slowdown in demand, that causes problem and there is increased production in some places. Shale oil in the US has been increasing, but most of the oil fields are in decline. So it is somewhat of a balance. I would suspect it is a surprise to be how high the oil stays and how high it eventually goes if Spain certainly goes bankrupt. So there is some big surprise. Of course everything is going to go down, but if something like that happens, I urge you to buy all the oil you can because non-reserves of oil continue to decline.


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%.
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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