Kitco News, Released on 2/28/20
Coronavirus fears continued to move stocks towards the worst week since the financial crisis. What is the key to navigating this sell-off? Joining Daniela Cambone for an exclusive interview is legendary investor Jim Rogers.
The Dow Jones Industrial Average dropped 900 points, or more than 3%, and traded below 25,000. The S&P 500 slid 2.6% and gold futures were in freefall heading into the weekend, down close to 3.5% on the day, last trading at $1,583.90 an ounce. Rogers comments on where to keep your money safe.
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller), Adventure Capitalist, Hot Commodities (NYTimes Bestseller), A Bull in China, A Gift to My Children, and most recently, Street Smarts