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, March 8, 2011

CEO Mohamed El-Erian Weighs in on Libya, Oil and US Dollar

CEO Mohamed El-Erian Weighs in on Libya, Oil and US Dollar

Jim Rogers : I own the US dollar at the moment because there have been many skeptics on the US dollar

Jim Rogers :"...I own the US dollar at the moment because there have been many-many skeptics on the US dollar. I expect it to rally for a while. I do not know whether I would own it for a week or a month or a year. I just do not know. I do know that as long as there are many-many skeptics, there is a good chance that it will rally, there are some things going on in the US which may cause the rally to go even further. I am not selling my dollars if it goes down, I might even buy more US dollars, but longer term the US dollars may be in terrible-terrible shape. It is a very flowed currency; I do not plan to own the US dollar 5-10 years from now at all and may be sooner. ..."
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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