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, December 1, 2011

Adjusted for inflation Gold should be $2400/oz

Jim Rogers says that if you adjust for inflation Gold should be around $2400 an ounce but " i would suspect it will go much much higher during the decade , because governments around the world continue to print money , paper money everywhere is being debased , If the US dollar turns into confetti there is no high for the price of Gold because the dollar will become worthless." Jim rogers explains "so I am not selling my gold "
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 "
Related Posts Plugin for WordPress, Blogger...