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%.
All The Signs Are That There's Too Much Speculation In Gold Right Now
I own gold and I own silver. I own all the precious metals, especially
gold and silver. I'm not sure I would buy right now. Gold has gone up 12
years in a row, which is extremely unusual for any asset, at least in
my experience. I don’t know any asset that’s gone up 12 years without a
down year except gold. Gold has had only one decline over 30 percent in
those 12 years. That, too, is extremely unusual.
Plus, if you look at the open interest from the CFTC, the speculators
have been piling into gold. The number of call options is more than
twice the put options. All the signs are that there's too much
speculation in gold right now.
I’m not selling, by any stretch. I own it. If it goes down, I’ll buy
more.
If America bombs Iran, I’ll probably buy more going up. But I own it
and, over the longer term, gold is going to go much higher because the
world is doing nothing but printing money. And when the world economies
get bad again, they're going to print even more money. But I'm not
buying now. - in Index Universe
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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