Jim Rogers on CNBC : All the creditor nation of the world are in Asia now China Japan Korea Taiwan Singapore Honk Kong .The money is in Asia This is the Asian Century
I wouldn't call it the pacific century , I call it the Asian century..through history you barely see people say "let's go towards where the debtors are " the always say "let's go here where the money is " ...how to take advantage of this ? there is a lot of turmoils but the best way to preserve wealth is to make money , you can set and be defensive but if you go into cash , you might go into the wrong kind of cash , I mean if you went into the Icelandic krona three years ago and a lot of people did because the yields were so high , the essentially have been wiped out because of the currency collapse , and many currencies have collapsed, so trying to make money and doing it successfully is the best to preserve your wealth ...there is always great opportunities everywhere in the 1930s during the great depression there were people in America and in europe who made great fortunes and who laid the foundations for the Great Fortunes ...I want my little girls to grow up undestanding Asia and speaking mandarin chinese , I think the best skill for the people born in the years 2000 is to be fluent in mandarin and to know Asia that's gonna be a skill very usefull; in their life time ...Jim Rogers always Bullish on China and Agricultural Commodities ...Jim Rogers says " I am not the only person in the world realizing that we are running out of food , agriculture in China was ruined by Mao Tse Tong , now they are trying to revive agriculture , they have one billion three hundred million people to feed and cloth everyday they are trying to buy up farm land around the workd , they are smart people " ..and more
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, June 10, 2009
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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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