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James Beeland
Jim Rogers, Jr. (born
October 19,
1942) is an
American businessman, investor and author. He is currently based in
Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests,
Inc. He was the co-founder of the
Quantum Fund and creator of the
Rogers International Commodities
Index (
RICI).
Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of
Austrian School of economics.
In
1970, Rogers joined investment bank
Arnhold and S. Bleichroder, where he worked with
George Soros. In
1973,
Soros and Rogers both left and founded the Quantum Fund. During the following 10 years, the portfolio gained
4200 while the SP advanced about 47.[5] The Quantum Fund was one of the first truly international funds.
In
1980, Rogers decided to retire, and spent some of his time traveling on a motorcycle around the world. Since then, he has been a guest professor of finance at the
Columbia Business School.[6]
In
1989 and
1990, Rogers was the moderator of
WCBS The
Dreyfus Roundtable and FNNs
The Profit Motive with Jim Rogers. From 1990 to
1992, he traveled through
China again, as well as around the world, on motorcycle, over
100,
000 miles (160,000 km) across six continents, which was picked up in the
Guinness Book of World Records. He tells of his adventures and worldwide investments in
Investment Biker, a bestselling investment book.
In
1998, Rogers founded the
Rogers International Commodity Index. In
2007, the index and its three sub-indices were linked to exchange-traded notes under the banner ELEMENTS. The notes track the total return of the indices as an accessible way to invest in the index. Rogers is an outspoken advocate of agriculture investments.
Between
January 1,
1999, and
January 5, 2002, Rogers did another
Guinness World Record journey through 116 countries, covering 245,000 kilometers with his wife,
Paige Parker, in a custom-made
Mercedes. The trip began in
Iceland, which was about to celebrate the 1000th anniversary of
Leif Erikssons first trip to
America. On January 5, 2002, they were back in
New York City and their home on
Riverside Drive. His route around the world can be viewed on his website, jimrogers.com. He wrote
Adventure Capitalist following this around-the-world adventure. It is currently his bestselling book.
Jim Rogers:
Gold May Be In
A 50 Correction
Gold fell to a 3-yr low last week but the precious
Yellow metals decline may not be over, says investor guru Jim Rogers, Chairman of Rogers Holdings.
A 50 percent correction is normal in markets, so why not in gold?
Mr. Rogers said in an interview Monday. The 12-year rise, 2001-2012, was an anomaly in markets, so the correction may continue to be an anomaly. There will be rallies after big drops, but I expect another opportunity to buy gold.
Gold posted a record high of 1,921 oz in
September 2011. A 50 drop from that level would put Gold at 960
.50 oz.
Feb Gold futures rose 10.10 on Friday to finish at 1,203.70 on the
New York COMEX.
Mr. Rogers attributes the metals decline not only to the 12-yr anomaly but also to developments in
India, the worlds 2nd-biggest Gold buyer.
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Indian politicians are blaming their problems on Gold, so [they] have added special taxes, tariffs, controls, and regulations, he said. The politicians are now trying to figure out ways to force
Indians to sell Gold.
If they succeed, who knows how low Gold could go? Mr. Rogers said.
Many experts agree that the metal has more room to fall.
Southside risk still exists for Gold, as the Fed has only just started to taper, and people have become negative toward the precious
Yellow metal because there is no immediate signs of inflation.
because of what I considered fundamental reasons for doing it, but the fact that
Merrill Lynch was getting out buttressed in my own mind anyway that I must be right, because, you know, everybody was out. Who was left to sell? There was nobody left to sell at that
point.
Dubai, China, the
United States and globalization from the man who may know it best, Jim Rogers.
- published: 02 Feb 2014
- views: 1011