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, December 4, 2010

Jim Rogers : the fundamentals of commodities are improving

Jim Rogers :"...The only exception that I know of in the world that has an improving fundamental are commodities. Nobodyʼs going to open a mine of any kind probably for another decade or so, and it takes ten years to open a mine. Nobody will be able to get any money for a long time, in the meantime the reserves of all the mines in the world continue to decline. I am sure some are closing. But the ones that are open are still producing so you have declining reserves of oil, metals, agriculture everything so all the things that are going on are improving the fundamentals for commodities.
I know nothing else where the fundamentals are improving because of whatʼs going on...." in preciousmetalstockreview
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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