Sunday, October 6, 2013
GOLD has not been good , everybody who bought Gold in the last 3 years is losing Money
NANCY: But if you were an individual investor and, you know, one view of the market’s been really great for individual investors up until just recently, but some people are getting a little scared that we’re topping out here, so would you be a buyer of gold and, if so, what would you be buying—ETFs, mining shares, the bullion?
JIM ROGERS: Well, I wouldn’t be buying anything and you said gold’s been good. No, everybody who bought gold in the last three years is losing money, so gold has not been good. - in The Money Show Interview Click here to watch the Full Interview >>>>>
Jim Rogers is the best-selling author of several books, including Investment Biker: On the Road with Jim Rogers, Adventure Capitalist: The Ultimate Road Trip, Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market, and his latest, A Bull in China: Investing Profitably in the World’s Greatest Market. He is an investor who has been chronicled in Jon Train’s Money Masters of Our Time, Jack Schwager’s Market Wizards, and other books. After apprenticing with Arnhold and S. Bleichroeder in the early 1970s, Mr. Rogers co-founded the Quantum Fund, a global-investment partnership. During the next ten years, the portfolio gained more than 4,000%, while the S&P rose less than 50%. He retired at 37 and has since then continued to manage his own portfolio, served as professor of finance at the Columbia University Graduate School of Business, and appeared as a regular commentator and columnist in various media. Mr. Rogers has been frequently featured in Time, the Washington Post,...
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