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%.
What Jim Rogers is Long for 2014
Rogers prefers gold over gold mining
shares and divisible coins over bullion, but says “there's nothing in
precious metals that I'm tempted to buy at the moment.” Indian import
tariffs he views as the single biggest drag on the gold market
currently.
“They've got a huge balance of trade deficit and the
three largest parts are oil, gold and cooking oil. They cannot do
anything about oil or cooking oil, so they're attacking gold, blaming
their problems on gold. Gold has not caused their problems, gold is a
symptom of their problems, but politicians are pretty simple-minded
people and they look for the easy answer.”
For early 2014, Rogers
is therefore long inflatable equities and neutral on gold, but longer
term, he expects to short junk and government bonds and is ultra bullish
on gold. “Gold will become one of the only refuges around,” he says.
“That's not this quarter.”
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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