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, July 16, 2010

Ag Bank of China IPO Launched on Mainland

The Agricultural Bank of China (ABC) finishes first day of trading following the IPO on the mainland. The stock price ended up shortly from the opening price.

Jim Rogers Gold prices will rise to more than $2,000 per ounce

“I do own gold,” he said. “Gold has been extremely strong of late, but I’m not rushing out to buy gold. I don’t like to buy things that have been going straight up.”
“Bonds are not a good place to invest in,” “You should own commodities because that’s your only refuge.” Jim Rogers recently said at a conference in Kuala Lumpur.
source Bloomberg
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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