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%.

Wednesday, July 15, 2015

Jim Rogers : Crude Oil Prices to Go Higher in the Next Future

 
Commodity expert Jim Rogers reacted to the Iran nuclear deal and said that the deal is only a momentary surprise and that the crude prices will not remain low for long going ahead.

Jim Rogers : I don’t know if there is Peak Oil or not, but I know that known reserves of oil have peaked. Maybe there is a lot of oil out there somewhere, Chris, but we don’t know where it is. If it’s there, it may be extremely expensive to get it. So yes, the known the reserves of oil are in decline. The IEA has been very vocal about that, pleading with governments to listen. And it’s going to get worse before it gets better. And so in the meantime, the prize is going to be how high the price of energy stays and how high it ultimately goes.




   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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