Rogers on India and The Gold Market

ET Now: When we talk about gold, the industry here has very strong expectations from the new government. How would you look at India easing curbs on gold imports?

 
Jim Rogers : I have read about those changes, but I did not think that they were terribly significant maybe because I am too simple-minded to understand them. But if India really opens up its gold markets again, that would of course be very good for the world and certainly the gold world and people interested in it.
However, I did not see that particular change as being very significant and as you know, people have been smuggling gold into India anyway. So I am not sure if it is going to do much more than just offset some of that smuggling. - in Economic Times

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%.