JIM ROGERS : ‘Indian politicians are blaming their problems on gold. And they’ve taken many measures, and more measures are coming to diminish or even eliminate the import of gold. I’m not the only person who saw that.They’ve been pretty loud about it. That was the main catalyst or the straw which broke the camel’s back which made gold start going down finally, after 12 years of going up.’
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%.
