Global investor, Jim Rogers says he thinks oil prices are set to rise "beyond anyone's expectations" and the US economy will slow down as a result.Aged just five, Rogers was selling peanuts for profit. He became a hedge fund pioneer, a commodities trader and, years ago, he shifted much of his money, and his family too, out of the US and into Asia.
Jim Rogers :"The IAE the international Energy Agency said that the world's known reserves of oil are declining at the rate of six percent a year , there is no Oil " "during the course of the bull market during the next ten years 150 dollars to 200 dollars a barrel , I do not know it is going to go beyond anybody 's expectation including mine and I am the bull , but there will be corrections along the way " Jim Rogers told the BBC recently
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%.
No comments:
Post a Comment