$2,000 gold target is nothing new but as gold prices have popped 11.8% year to date and the euro has fallen almost 14% against the U.S. dollar, a contrarian investor might sell gold and buy the euro. I spoke with Jim Rogers to see how he was positioning his portfolio.
As far as I'm concerned, gold will go certainly much higher over the next decade or so. Governments all over the world are debasing money at a rapid rate and that has always led to higher prices for real assets throughout history and it will this time too.
in The street.com
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%.
Friday, June 25, 2010
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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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