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%.

Tuesday, July 21, 2015

Jim Rogers would Buy Gold again only if it goes below $1000/oz


Jim Rogers : “I have explained for 5 years that I am not a buyer of gold or silver [except a few coins as gifts] since I expect a lower bottom. I own both and have not sold any, but I have hedged some.

Gold has not had a 50% correction for many years which is strange in markets. I have no idea if and when I will buy, but IF gold does have a 50% correction, it would be to US$960. There is nothing which says anything must decline 50%, but it is common. IF gold goes below US$1,000 I hope I am smart enough to buy more and close my hedges, unless something else is happening.

I have no idea what will happen: e.g. if America goes to war with Iran, I suspect I will be buying gold much higher.

There are still too many mystics in the gold market who think gold is holy so cannot decline. When/if they give up and throw their gold out the window because ‘she lied to me’, gold will make a firm bottom.

In the end gold will turn into a bubble when people lose confidence in governments and paper currency again, which will happen in the coming financial turmoil down the road.”







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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