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Tuesday, February 10, 2009

Jim Rogers on Gold & Oil

Interesting video of Jim Rogers on gold and oil. Jim Rogers is co-founder of the Quantum fund with George Soros.

Pretty interesting comment from Jim Rogers over the "overall trend", which aligns with mine that we are witnessing China taking lead over USA.

In December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. This is due mainly in his belief that this is a ground-breaking time for investment potential in Asian markets. Rogers' first daughter is now being tutored in Mandarin to prepare her for the future, he says. "Moving to Asia now is like moving to New York City in 1907," he said. Also, he is quoted to say: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He said during that interview that, this is how America and Europe used to be. He chose not to move to Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family.

Of course, I hope he didn't plow money into China investments, since they completely fell apart. He may be right long haul, but its all in the timing.

Anyway, Jim Rogers Video comments on Gold/Oil

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