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%.

Thursday, January 2, 2014

I Am Not Optimistic About Gold



I am not optimistic about gold at the moment because what is happening in India is possibly going to ruin the gold market for a while. If I can stay solvent, and alert, maybe that will lead to a huge buying opportunity in gold again.

India is the largest buyer of gold in the world, has been until recently, now China is eclipsing them because India is cutting back. The indian government is blaming all of its problems on gold, they do not take responsibility, no politician ever has. So they put some tariffs, doing their best to make it impossible to import gold.

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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