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, May 31, 2013

Jim Rogers : one does not have to pay absurd premiums to get Gold these days


Jim Rogers : “I am not buying gold, not selling any of my gold,” he reveals. “If gold goes down low enough, I hope I am smart enough to buy more and silver as well.” Outspoken as he may be, he always keeps his cards close to his chest. Yet he has a word of caution for those who would buy gold now… be careful what you pay for it, especially the physical. Because the gold price has fallen sharply over the past short while, vendors may be charging exceptionally high premiums when selling older stockpiles. “That is because the shopkeepers would not lower the price,” Rogers expounds. “The shopkeepers are stuck with high-price gold ... But fortunately for them, people come in and pay absurd premiums. However, one does not have to pay those premiums to get gold these days.” - in wealthdaily




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%.
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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