Do you think there is far more downside at present in terms of gold and primary industrial metals?
Jim Rogers : I think the primary industrial metals — the zinc, the tin and lead — are making their bottoms. I am more optimistic about them than on gold and silver at this point. I own gold and silver. I haven’t bought any for 5-6 years. But I am waiting for an opportunity to buy. I expect gold and silver will be weaker than the others going forward only because the industrial metals have been so weak already.
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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