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%.

Thursday, November 19, 2009

Jim Rogers Buy Physical Gold not Gold Stocks or Mining Stocks

Jim Rogers Gold can Go down 20% next year

Jim Rogers Blog
In a recent interview with The street.com of 18 November 2009 reknown economist Jim Rogers recommended buying Gold not Gold ETFs or stocks , he also in other recent interviews advised to stay away from Gold mining stocks unless you know that that mining company is going to find a huge gold mine next year ! so is Jim Rogers a well known gold bug will continue to buy more gold in this over heated market or is he thinking to short it , his answer was :
Jim Rogers: I don't ever like to buy something making all time highs however I'm not selling my gold. Gold is going to go much higher in the course of the bull market. Doesn't mean it can't go down 20% next year but during the course of the bull market it is going to go much higher it is certainly not a bubble yet.
and when Jim Rogers was asked about what he thinks of mining stocks he answered :
" Not with my money. The studies show that you would make more investing in commodities themselves rather than commodity stocks unless you are a very good stock picker. If you are a good stock picker, unless you find a company that is going to discover silver in Berlin you buy all you can and then you call me and I'm going to buy it too ....short of something like that and there are a hundred gold stocks and most of them don't pan out. But if you own gold, gold is making all time highs. "
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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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