TD: Jim, when you say “get prepared”, how can people do that, and do you mean people should continue to pull some assets out of the financial system in terms of holding them physically?
Jim Rogers : Well, when things collapsed in 2008, people who were overextended with debt, or had investments they didn’t understand, or weren’t liquid enough, got hurt very badly as you know. That is going to happen again, and that’s why I’m urging people to just get prepared, be sure you understand what’s going on, be sure you understand your investments, be sure you’re not overextended, because when it comes, there’s not going to be much warning. I’m certainly not going to know when it’s coming, I wish I did, but I won’t. - in mining.com
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%.