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%.

Friday, May 1, 2009

Why are Glod Prices Falling ??? Gold may go down as low as $700 !


Wall Street King and Commodity Legend Jim Rogers Jim Rogers, chairman of Rogers Holdings, said he is concerned some institutional gold reserves may be sold , namely the IMF gold stocks...

“I own some gold, but I am not buying at the moment because the IMF, which is one of the largest owners of gold in the world, is desperate to sell its gold,” Rogers said in an interview with Bloomberg radio this morning “I’m not selling my gold.”

The IMF “is trying to get permission from everybody,” Rogers said. “If and when they sell their gold, they may set a bottom. Who knows? It may go down to $700. They got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more.”


It is the best time to invest in Commodities and China

Jim Rogers on Bloomberg Put your money on Agricultural Commodities and China

May 1 : Jim rogers was on Bloomberg This morning From Singapore : Jim rogers said among others I am skeptic I do not have any shorts at all...all US banks are Bankrupt

we will see an increase in food prices ....Farmers miners and Lumberjacks are the ones who will have all the money .....many farmers cannot get loans for fertilizers ...farmers will make a lot of money , they will drive Lamborghinies not the brokers , the brokers will drive tractors for the farmers ...china will continue to grow ...The IMF have a lot of gold to sell


Subscribe to: Posts (Atom)
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 "
Related Posts Plugin for WordPress, Blogger...