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%.

Friday, January 6, 2012

Bureaucratic nightmare in India

Jim Rogers : The headlines said that India is now going to open it up, so that people can invest in the Indian stock market. People were waiting for this for a long time. I may have covered my shorts and might even buy in India — but I realised, it is the same world, bureaucratic nightmare in India. - in ET Now

There are 40 elections in 2012

Jim Rogers : Well, we have several elections. There are 40 elections in 2012 — America, France, Korea, Taiwan — lots of places, countries in Africa. So you are going to see a lot of government spending as governments try to buy elections. A lot of people are going to have a very good 2012 because government is going to pour money into their pockets and their friends and they are going to have a good time. The overall situation, however, in the world is getting worst. This means higher debt. So when 2013 comes, we better be careful. - in ET Now

Jim Rogers outlook for Crude Oil in 2012

Jim Rogers : The surprise would be how high the price in crude stays and how high it eventually goes. We are running out of known reserves of crude oil around the world unfortunately and there is nothing to replace it yet. Maybe some day there will be things that could replace it. I own crude, I am not selling any commodities. Certainly not crude. Because we are running out of known reserves and if we have a war, because America is dying to go on a war with Iran, and something like that happens, who knows how high the price of crude may go? - in ET Now

I own US dollars but I do not own US bonds

Jim Rogers : I own US dollars. I do not own US bonds. It is a bubble as far as I am concerned. I expect sometime I will be shorting US government bonds, but I do plan to own US dollars. Now, the reason I own US dollars is because there were so many pessimists on the US dollar that I bought some and if we continue to have currency turmoil which I expect, then many people are going to flock to the US dollar. US dollar is not a safe haven, but many people think it is or they do not know what else to do. So they have put their money in the dollars. Somewhere along the line, if the dollar goes up, then I may be the seller.I do not know if I will ever own US dollar after that because the US dollar is a terriblyflawed currency.- 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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