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%.

Thursday, November 24, 2011

The situation with debt is much worse in the west than in China

Jim Rogers : "The situation with debt is much worse in the west than in the east , China is the largest creditor nation in the world. America is the largest debtor nation in the history of the world. I'd rather be with the creditors than with the debtors any day." - in CNBC 23 Nov 2011

Jim Rogers still bullish on China despite the Housing Bubble

Jim Rogers explains that the real estate bubble in China is different from what's happening in the UK and in the US and that's is not going to affect China as a whole "In America people could buy four or five houses with no job, no money down and then the banks took the mortgages and diced them up even more. In China you cannot buy one house with no money down, with no job. There are strict limits on housing.Yes there's been a housing bubble in urban-coastal real estate in China. Yes its going to pop because the Chinese government is popping it with their own will. Americans certainly didn't do anything like that.Yes there are going to be problems , yes you're going to have some real estate bank going bankrupt , that's not China , it's not like what's happening in the UK and in the US " - in CNBC 23 Nov 2011

The Gold bull run still has many years to go

"It will easily go to $2,000 but it will reach $2,400 over the course of the bull run, which has years to run," Jim Rogers told CNBC yesterday

Jim Rogers Is Still a Commodities Bull

Why Jim Rogers Is Still a Commodities Bull : "I`m long commodities and currencies, because if the world gets better, the shortages in commodities will make sure I make money; if the world economy doesn`t get better, I`d rather own commodities because they`re going to print money," he told CNBC yesterday. "Throughout history, when things have gone wrong, they print money...when they print money, you should own silver, you should own rice, you should own real assets."
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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