I dont Own Gold Mining Stocks

I don’t own gold mining stocks. There’s so many other easy ways for people to buy gold now that the miners have stiff competition. And there’s lots and lots of competitive situations in mining. 30 years ago if you wanted to buy gold, you were almost restricted to gold mining shares. That’s not true anymore. You can buy all sorts of coins. In those days only Krugerrands were available, 30 years ago. Nobody even made gold coins except Krugerrands. Now many countries have them. All sorts of ETFs, ETNs, futures, now there’s many ways to buy gold. So the miners have a serious competitive situation and of course there’s hundreds of them.
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 : Gold could bottom next year in 2014

 
 It costs money to close a mine[gold], it costs money to re-open a mine so people are reluctant to close mines. So you can see any commodity staying below the cost of production for a while, especially if it’s something like a mine which is expensive to close and expensive to open.

Some people are not going to be able to open mines because of what’s happened.  But then you’re going to eventually have people close mines, and eventually, like I said it’s going to work its way out in 2014, 2015, gold will make a nice bottom and off we’ll go again with the assumption of a bull market.


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%.

GOLD : Nothing goes up 12 years in a row without a down year

Question: After a 12-year boom market in gold, does the recent drop in prices surprise you?

    Jim Rogers :    No, not in the least. I mean, no matter how many times I’ve shouted from the rooftops, nothing goes up 12 years in a row without a down year. Now in those 12 years, gold only had one correction of 30 percent. Most markets correct 30 or 40 percent every year or two. So the anomaly was how strong gold was for 12 years. It’s long overdue for a major correction, and let’s hope it is going to finally have one. And then we can set a new bottom and things can start over. - in wallstreetpit



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 not convinced we have reached GOLD bottom

Jim Rogers : "I am not convinced this is the bottom," ... "Where that bottom will be I have no idea. Perhaps it will be $900-$1,000." - in Reuters
 
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: INDIA Broke The Gold Bull Run

JIM ROGERS : ‘Indian politicians are blaming their problems on gold. And they’ve taken many measures, and more measures are coming to diminish or even eliminate the import of gold. I’m not the only person who saw that.They’ve been pretty loud about it. That was the main catalyst or the straw which broke the camel’s back which made gold start going down finally, after 12 years of going up.’





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%.

INDIA : A Major Emerging Market to Short

veteran investor Jim Rogers named India as a major emerging market to short. The Singapore-based investor said the bullish appeal for the country had been overdone. He suggested all the India bulls should drive across the country and see first hand it is not what they think it is.- in Citywire
 
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%.