Rogers prefers gold over gold mining shares and divisible coins
over bullion, but says “there's nothing in precious metals that I'm
tempted to buy at the moment.” Indian import tariffs he views as the
single biggest drag on the gold market currently.
“They've got a huge balance of trade deficit and the three
largest parts are oil, gold and cooking oil. They cannot do anything
about oil or cooking oil, so they're attacking gold, blaming their
problems on gold. Gold has not caused their problems, gold is a symptom
of their problems, but politicians are pretty simple-minded people and
they look for the easy answer.”
For early 2014, Rogers is therefore long inflatable equities
and neutral on gold, but longer term, he expects to short junk and
government bonds and is ultra bullish on gold. “Gold will become one of
the only refuges around,” he says. “That's not this quarter.” - in mineweb : http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=222934&sn=Detail
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%.
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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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