Jim Rogers : Artificial boosting of the Economy by the Fed is like throwing Money out of the window

Jim Rogers : artificial boosting of the economy by the Fed is likethrowing money out of the window to the markets
"Debasing your currency sometimes works in the short-term; it has never worked in the long term." Rogers told CNN he was also concerned by the steady rise in the price of gold -- trading over $1,500 an ounce -- as investors look to hedge against inflation and low currencies. "If it goes down [in price], I'll buy more gold; it's been up 12 years in a row... that's extremely rare in any asset and therefore I worry about it," he added.


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%.