Jim Rogers full CNBC Interview 05 May 2011

Jim Rogers CEO of Rogers Holdings full CNBC Interview 05 May 2011


Jim Rogers CEO of Rogers Holdings speaking today with CNBC about the crude oil shortage and high prices : every once in a while even I get it right so I am pleased to hear that I got it right once and that you remember , but I also remember that you said that there is a lot of oil around and I said to you Where is the Oil ? and I still want to know Where is the Oil ? everybody wants to know , you why the oil prices is up because there is not a lot of oil around " "look at $300 a barrel they will be drilling for oil at Buckingham Palace I assure you yes , when oil go higher and higher a lot of things happen people cut back the use and other people find new sources of energy and that will happen it has always happened " "I own the euro, I'm not thinking of selling the euro, I think for fundamental good reasons," "The European economy, the European Central Bank is doing a much better job than the American central bank. I wish the European Central Bank were running the American central bank, the world would be better off if that were the case, because nobody has ever benefited in the long term by debasing your currency."
"I do know that silver went up 25 percent in a month and that can’t last so that’ll have to come down," "I hope that silver goes down for a while because it was turning into a parabolic move, every parabolic move ends badly, I hope that silver and all commodities continue to go up with normal corrections along the way and in 5 or 10 years, they're going to be unbelievably high prices and then I hope I'm smart enough to sell if the bull market is coming to an end," : "If anything turns into a parabolic move, you have to sell."

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%.