ET Now: If indeed there are these Middle Eastern tensions that
come out as well, do you think prices of both gold and crude will go up
in the near term?
Jim Rogers: They
will absolutely move up. They will certainly move up. They might move up
so much that one will have to sell them. They may spike up depending
upon what kind of war it is and how the war evolves. If oil goes up to a
couple of hundred dollars a barrel on the war, then I would probably
have to sell it because it would be a spike and no matter how bad the
war is, I do not think it would keep the prices that high. Likewise with
gold, if it went up a whole lot, I would have to sell it and it could
happen. But at the moment, I am not buying gold or oil in the west. In
India, you have a serious problem because of your economy and your
currency. You do need to own real assets in India.- in ET Now
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 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%.
Tuesday, August 27, 2013
The Prices of Gold & Crude Oil will absolutely move up so much that one will have to sell them
Labels:Jim Rogers
Crude Oil,
The Prices of 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 "