JIM ROGERS

JIM ROGERS

Saturday, November 30, 2013

Indian Politicians are trying their best to destroy the Gold Market


 Jim Rogers : Well remember, gold went up 12 years in a row, which is extremely unusual. I know of no asset in history which has gone up 12 years in a row, so the anomaly was the performance of gold for those 12 years. Now, the anomaly is going to be in the consolidation, in the correction. I don’t know, but I’m not buying gold at this point, because I suspect there’s going to be another chance to buy gold later in the next year or two. So I’m not buying gold yet, only because I know that the bull market for 12 years was an anomaly, so the correction should be an anomaly too. As you may know, the Indian politicians are now trying to do their best to destroy the gold market. They’ve put on huge controls and taxes on the Indian gold market. India’s the largest buyer of gold in the world, and it’s already having an effect. So the Indians are now trying to figure out a way to make the Indians sell their gold. Now if India goes from being the largest buyer of gold, to a seller of gold—who knows how low the price of gold will go. I know it will go a lot lower. So I’m not buying gold yet.


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
 Jim Rogers






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

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 "