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%.

Saturday, January 7, 2012

Crude Oil prices will go to the sky if America attacks Iran

Jim Rogers : The surprise would be how high the price in crude stays and how high it eventually goes. We are running out of known reserves of crude oil around the world unfortunately and there is nothing to replace it yet. Maybe some day there will be things that could replace it. I own crude, I am not selling any commodities. Certainly not crude. Because we are running out of known reserves and if we have a war, because America is dying to go on a war with Iran, and something like that happens, who knows how high the price of crude may go? - in ET Now

I expect Gold & Silver to correct even more

Jim Rogers : I own silver, I own gold, I am not buying silver and gold right now. I expect them to correct even more. Gold can go down to $1,200. I do not know how low it is going to go. But if it does, I hope I am smart enough to buy a lot more and the same would apply to silver. Silver would go down too. - in ET Now
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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