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 27, 2011

Jim Rogers : I am long with all commodities

In an interview with the German TV DAF investment legend Jim Rogers talks about why everyone should live in Asia in the 21st century, why countries should go bankrupt any why he thinks that soft commodities are the right investment , Rogers is certain that Commodities will continue to develop in an upward direction
Even during his stay in Germany, Jim Rogers bought silver. "I am long with all commodities. This morning I went to the silver shop. They haven't raised their prices yet. I would have bought the whole shop, but I am afraid they wouldn't let me. I am long on commodities. I am long on currencies and am waiting to see what is happening in the world."
When it comes to the debt crisis and to the problems in Greece, Rogers says to DAF TV: "You are a smart, hard working German tax payer. Why should you pay for the Greeks, who are sitting on the beach drinking beer and lying about their finances? I find that very bad economics. I find it bad economics." And the U.S. shouldn't be stopped from going bankrupt as well.
Regarding currencies Jim Rogers currently favors the euro. Although he isn't sure if the euro will last longer than ten to 15 years. Therefore Jim Rogers investment advice: Buy what you know!




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%.
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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