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%.

Saturday, January 24, 2015

Jim Rogers Ultra Bullish about The Dollar as more GLOBAL problems coming


Jim Rogers : “I own more dollars than any other currency, as I see more GLOBAL problems coming,”
“When people are scared instinctively they run to the dollar, as it is perceived to be a safe haven even though it is not,” Rogers stated. As always, Jim hopes that he’s “smart enough” to close his USD positions before the currency’s uptrend is over, because the USA has $18 trillion in debt.

“The US is the largest debtor nation in the history of the world. Never has a nation ever got into this much debt and its getting higher and higher every day,” he stated.

“Washington is spending and borrowing even more and not doing anything about it. No nation would be able to get out of this without a crisis. . . . What will need to happen for the U.S. dollar to lose reserve status? More of what is already happening — debts going higher.”






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%.

1 comment:

  1. What you're saying is completely true. I know that everybody must say the same thing, but I just think that you put it in a way that everyone can understand. I'm sure you'll reach so many people with what you've got to say.

    ReplyDelete

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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