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%.

Saturday, December 27, 2014

When Turmoil comes people have always fled to the U.S. Dollar



 Jim Rogers : There is no question that the U.S. dollar is a terribly flawed currency. I own U.S. dollars, have for a while but that is because there’s going to be more turmoil and when turmoil comes people have always fled to the U.S. dollar. It is not a safe haven but it is perceived as a safe haven so when the next bout of turmoil comes people will move there again. But many people in the world are looking for a replacement. A lot of people are terrified of the dollar, not just for economic reasons but for political reasons. [People who] are obeying laws in their own country suddenly find themselves paying staggering fines to U.S. (regulators). America says ‘we don’t care if it is not illegal [there]; we think it is bad, you have to pay.’ I am not the only person who knows the [United States] is the largest debtor nation in history, others know it. In recent years, the guys in Washington if they don’t like you they will block your assets and there is not a lot people can do about it, but they are trying to figure out ways to get away from the dollar and they will.





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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