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%.

Tuesday, October 12, 2010

Jim Rogers, Buy A Tractor and become a Farmer

Jim Rogers : “It’s been a horrible business, [agriculture], for 30 years. Very few people have invested in agriculture. Many countries don’t even have farmers anymore because they’re all old men. In Japan, they cannot find farmers because the old men have died and the kids have gone to Tokyo or Jim Rogers,  Buy A Tractor and become a FarmerOsaka. So the basic point is, there is just no investment in agriculture for 30 years… Look at the things that are cheap. Gold is making an all time high, silver is still 60% below it’s all time high. So if I were looking at a precious metal I would look at the places that are still cheap. I own gold, I own silver. Look at the things that are still down, that’s probably a better way to start.”

Jim Rogers : Silver is still 60% below its all-time high


Jim Rogers recommends Gold and Silver


Jim Rogers : “If I were to go to precious metals, I would rather look at silver than gold. Silver is still 60% below its all-time high,” “Buy yourself some silver chopsticks or some silver cutlery and buy yourself some rice, and you will be very rich in five or 10 years.”

Gold is going to go a lot higher over the next decade. It may slow down for a while because it’s run up so dramatically here in the last few weeks. But gold’s going to be much higher,” Rogers said recently

“Adjusted for inflation it should be well over $2,000 now. When I say something like it’s going to 2,000 in 10 years it’s not a very dramatic statement given the state of the world. I’m sure it’s a given,” he added.

Stephen Roach, Do not Blame China for America s Problems

Stephen Roach, QE Wont Work
Quantitative easing is not going to work, warns Stephen Roach, non-executive chairman at Morgan Stanley Asia. In this First On CNBC interview, he tells CNBC's Chloe Cho why, as well as if capital controls will help or hamper the global recovery.

El-Erian, Insight on the markets

Airtime: Tues. Oct. 12 2010 | 8:40 AM ET

Insight on the markets, with Mohamed El-Erian, PIMCO.

U.S.-China Relations Dominate ASEAN Defense Meeting

Analyst Matt Gertken examines the Oct. 12 ASEAN defense minister's meeting, spotlighting Chinese assertiveness and U.S. re-engagement in the region.

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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