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%.

Thursday, December 1, 2011

Jim Rogers : I own the Euro as we speak

Jim Rogers : .... I own the Swiss frank Nicholas I would urge you if you have all your money in anything to be very careful these days some of them are going to totally disappear some are going to survive , I own the Swiss Frank I own the Japanese Yen , there is something which I think will do better than others going forward but I own the Euro as we speak - in CNBC Interview 28 Nov 2011

The Scandinavian currencies are less risky than other currencies

Jim Rogers : well Nicholas I own the euro first of all not as much as I used to but I own the Euro , I own some of the alternatives you just said , the world is full of risk right now especially with paper money, yes I own Scandinavian currencies because they are probably less risky than other currencies , to this point twenty years ago Scandinavia had the same problem , but in Scandinavia twenty years ago they sat down and said OK we've made mistakes you are gonna fail you are gonna survive we are going to start over , there was a horrible two to three years but since then Scandinavia especially Sweden had a wonderful rally for the past fifteen years or so and Sweden is now one of the most stable and sovereign countries in the world that's the only way this is going to solve the European problems -in CNBC interview 28 Nov 2011

Adjusted for inflation Gold should be $2400/oz

Jim Rogers says that if you adjust for inflation Gold should be around $2400 an ounce but " i would suspect it will go much much higher during the decade , because governments around the world continue to print money , paper money everywhere is being debased , If the US dollar turns into confetti there is no high for the price of Gold because the dollar will become worthless." Jim rogers explains "so I am not selling my gold "
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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