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%.

Sunday, December 18, 2011

I am not Short Bonds yet but I plan to be Short Bonds

Jim Rogers : “I am not short bonds yet but I plan to be short bonds,”
“My view is buying U.S. government bonds at this stage is a terrible mistake; it is one of the few bubbles left in the world. If the world economy gets better, you are going to make money in commodities because that’s where the shortages are. If the economy doesn’t get better, they are going to print money. And when they print money, you better own things to protect you.” - in FOX Business News

I am long the dollar although I am the biggest bear in the world on the dollar

Jim Rogers: I am long the dollar because of all of the chaos going on around the world and because people dumped the dollar. There was lots of selling. Everybody is bearish on the dollar including me. I am the biggest bear in the world on the dollar but when I saw everybody too bearish, I bought dollars. There is this chaos and I am afraid there is going to be more flight capital. People see the dollar as a safe haven. It’s not a safe haven. But since it’s still in people’s mind that’s why I still own the dollar. But when people start getting exuberant about the dollar, if they do, I’ll sell my dollars and I may never own the dollar again. - in The Street.com

QE3 is already here

Jim Rogers: QE3 is already here, Alix. Get out the numbers for non-seasonally adjusted M2 and you will see that Mr. Bernanke said that in the summer we are going to keep rates artificially low. Now you can’t just say the words. You’ve got to do something. And so they went into the market. The money supply numbers skyrocketed. They are in there. They are in there buying already. You can’t just say the words. You’ve got to do something and they are in there buying. And that’s why M2 has exploded. They are already easing and they may ease some more. Again, I told you, the worst risk facing us is the United States central bank which doesn’t have a clue what they are doing. - in the street.com
Labels:Jim Rogers

Jim Rogers Gold outlook for 2012

Jim Rogers : I don’t have one. You should watch TheStreet.com. I don’t have one. I am a terrible trader in the short term and I am a horrible market timer. - in The Street.com
Labels:Jim Rogers
Subscribe to: Posts (Atom)
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 "
Related Posts Plugin for WordPress, Blogger...