Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
Sunday, August 25, 2013
Governments only making the Crisis worse
Governments and central banks have reacted to the crisis in what they view is the correct manner, but, in my view, it is an artificial manner and they are only making the crisis worse.
The reason it is stretching out as a problem is that they never let the problem cure itself.
There Are a Lot of Mystics
I own gold and haven’t sold any, we are in a long overdue and much needed correction. The anomaly was that gold had been up 12 years in a row. That’s not normal, typical action. It’s abnormal, which worries me and should worry all the gold bulls. It has now corrected for some 18 to 20 months now. I find that encouraging. I mean, I don’t know, because I'm not a very good market timer, but I do know that most corrections go on long enough to scare a lot of people and scare them out of their positions, and that’s what I would expect to happen. I've had people write to me and say: “gold cannot go down 30%”, and I say: “turn on your computer. It’s there.” There are a lot of mystics that are still true believers. Until it scares a lot of people the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality. - Jim Rogers via a recent Gold Money interview
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
The Rothschild Attributed His Success To 2 Things
"It may have been Meyer Rothschild, the German banker and patriarch of
the legendary House of Rothschild who, when asked how he got so rich,
attributed his success to two things. He said he always bought when
there was blood in the streets - panic, chaos - when despondency gripped
the markets. (in old man Rothschild case, investing amid the turbulence
of the Napoleonic wars, the blood was as likely to be literal as it was
to be figurative.) And he always sold "too soon". He did not wait for
the enthusiasm to peak. He always knew when to get out, and he got out
in time with all his money." - in Adventure Capitalist
Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
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