Jim Rogers the Legendary investor In a very recent interview with the Canadian The Globe and Mail said he continues to be bullish on China and commodities. He profoundly believes that China is the place to invest and of course the best thing to invest in China are commodities agricultural farming mining precious metals sugar cotton and copper amongst others. Jim Rogers is also very bullish on the Canadian Market he said "Canada is probably one of the better-placed countries in the world right now, and the Canadian dollar is probably one of the soundest currencies in the world right now, on a fundamental basis. I have only good things to say about investing in Canada. "
Rogers is also very bullish on Asia and China in particular , he even moved from New York to Singapore because he believes that the future and the money are all now in Asia .Jim Rogers said about China and Commodities : "If you want to invest in China, the best way to play it now is to buy commodities – because China has to buy commodities. Or buy the currency. The stock market? I own shares, I haven't bought any since October or November of 2008.
The economy is growing because they're spending to make it grow. They built up a lot of reserves for a rainy day, and now they're spending them, since it is raining. But is it real? We won't know for several years. The rest of the world may have problems that would affect some parts of the Chinese economy." Jim Rogers believes that the commodities are the best place to be either the market picked up or not "If the world economy is going to get better, commodities will lead the way, because of the shortages. I cannot imagine a better place to be. When you come off periods like this, you want to be in the things where the fundamentals are getting better – those are the ones that always lead the next bull market.
If the economy is not going to improve, commodities are still the best place to be … because governments are printing huge amounts of money all over the world. "
Read the Full Interview here :
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%.
Monday, July 27, 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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