Jim Rogers :.."...I own the US dollar at the moment because there have been many-many sceptics on the US dollar. I expect it to rally for a while. I do not know whether I would own it for a week or a month or a year. I just do not know. I do know that as long as there are many-many skeptics, there is a good chance that it will rally, there are some things going on in the US which may cause the rally to go even further. I am not selling my dollars if it goes down, I might even buy more US dollars, but longer term the US dollars may be in terrible-terrible shape. It is a very flowed currency; I do not plan to own the US dollar 5-10 years from now at all and may be sooner. ...."
in www.economictimes.indiatimes.com
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%.
Showing posts with label US dollars. Show all posts
Showing posts with label US dollars. Show all posts
Friday, January 28, 2011
Wednesday, December 1, 2010
Jim Rogers : I might buy more US dollars
Jim Rogers :"...I am always looking at everything to buy and sell. I watch the markets here everyday, every week, every month because if something happens, I want to know and I told you that I was buying some US dollars because everybody was extremely pessimistic on US dollar. I might buy more US dollars if this is going to be serious (Jim Rogers is speaking here about The possible war in Korea). Not because I am optimistic about the dollar, but because for whatever reason, people jump into dollars when there is war..." via ET Now
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US dollars
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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 "