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%.

Monday, December 16, 2013

Everybody should have some Real Assets Held Overseas


Jim Rogers

Jim Rogers


"Everybody should have some of their assets outside of their own country, whatever their own country is as an insurance policy if nothing else.
"Everybody has life insurance, fire insurance, health insurance, car insurance, and you hope you never use your health insurance policy, you hope you lose money on it. Well that's the same thing about having some of your assets outside your own country. You hope you never need it, but it is terribly good insurance. Because every country in world has had economic upheavals at one time or another.
"Then everybody should have some real assets. [Held overseas] they are a very good safeguard. Whatever kind of safeguard you've got, whether it's gold, silver, farmland, silos full of rice, everyone should have some kind of assets that will come through an economic upheaval."


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%.

The FED : These guys are Academics and Bureaucrats



"These guys are academics and bureaucrats. I suspect the first time they do come to their senses and start to cut back it will lead to some kind of correction, markets going down everywhere. So they will panic and they will start printing again.


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 Correction: Indian Politicians One Of The Reasons


India, which is the largest buyer of gold in the world, or has been, has a gigantic balance of trade problem and the indian politicians are blaming it on gold.


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%.

I don't see the Bureaucrats coming to their senses, so it's going to be the Markets, and it's going to mean a lot of unpleasant times


"I'm afraid that...right now there's no restriction on the Federal Reserve at all, and at the same time there's no restriction on Congress anymore. They keep making these deals to put off any kind of serious cutbacks.
    
    "[Policymakers] everywhere are under no constraint. Central banks can print as much as they want, the governments spend as much as they want. So there's no reason this can't go on for a while, because any corrections due to tapering will probably be temporary."

    "This is not going to be fun. Don't think I'm looking forward to this. It's going to be a disaster. I don't see the bureaucrats coming to their senses, so it's going to be the markets, and it's going to mean a lot of unpleasant times.
    
    "You're already seeing social unrest in many countries, and it's going to get a lot worse I assure you."



Jim Rogers

Jim Rogers


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%.

I think there is another Opportunity to Buy Gold in the Future at lower prices


Jim Rogers

Jim Rogers


 "If or when it goes down I plan to buy more. Because gold is going to go to huge numbers before this is all over.
    
    "But I'm not buying now, and I do think there's another opportunity to buy gold in the future [at lower prices] for a couple of reasons.
    
    "One, gold went up 12 years in a row Miguel, and I have never seen any asset in history go up 12 years without a down year. There may be some, I just don't know about them. So gold had a peculiar rise, and I would suspect that the correction which we're in now and have been for many months will be an anomaly as well because of the previous rise.
    
    "Perhaps more important is the fact that India, which is the largest buyer of gold in the world, has a gigantic balance of trade problem and the Indian politicians are blaming it on gold. Gold is their second largest import after oil, and they cannot do anything about oil, so they're attacking gold. They've already put on lots of restrictions to limit people buying gold. And now the Indian politicians are trying to figure out a way to make the Indians sell gold.
    
    "Now, I don't know what's going to happen obviously. But the fact that India, which has been the largest buyer, has reduced its buying a lot, whenever you have the largest buyer of anything cut back and cut back a lot, it has an effect, and that's one of the main factors that's causing gold to go down. And if, if the Indian politicians somehow get their people to sell gold, whoo! Who knows how low it could go?
    
    "But I hope that if and when something like that happens, I'm smart enough to buy more gold. Because with all this staggering amount of currency debasement going on in the world, gold has got to be a good place to be down the road once we get through this correction."

"This correction could last another few months. I don't know, I'm not a market timer. I'm terrible at short-term trading. But if it goes down more I hope I'm smart enough to buy more. I'm certainly not selling."


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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