ET Now: When it comes to the geopolitical tensions from Ukraine and Gaza, do you expect any repercussions on equity as well as commodity markets? Or, any change in risk aversion?
Jim Rogers : They've already had an impact on some markets. Last week, US stock markets were down 2-3 per cent. This means somebody is paying attention. Unfortunately, we have had problems in Gaza for at least 40 years now and I am afraid we might have another 40 years given where things are going. Eruptions break out and they always have an effect and will continue to do so. We have all been making many mistakes there for a long time now; and I am afraid we will continue to do so.
Is this the beginning of the Third World War? I doubt it. Someday, one of them - Gaza or Israel - may get out of control. But fortunately, too much of the world is focusing on it now to rein in the woes.
Ukraine is more dangerous because unfortunately nobody seems to be getting it right ... This is going to erupt further, but it is more dangerous because there are too many people involved.
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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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