Geoff: So the next question kind of correlates with that question, and it’s kind of a second part to that. Can you suggest a future in which a person can buy goods and services directly with gold eagles and silver eagles without paying tax?
Jim Rogers : Not in the U.S., no. If anything, the tax will go up. No Geoffrey, the U.S. politicians are going to tax everything in sight, and I’m afraid the taxes are going to get worse. Geoffrey, the United States is the largest debtor nation in the history of the world. No debtor nation has ever, no nation has ever gotten like this, and the debts are going higher and higher and higher. That is a reason to own gold and silver, but it’s also a reason that they’re going to tax us as much as they can.
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%.