Thursday, November 27, 2014

Why Jim Rogers is bullish on North Korea

North Korea ruler Kim Jung with Dennis Rodman

I would like to invest in North Korea but I'm an American so its illegal. 

North Korea is where China was in 1980, where Myanmar was in 2010. Very exciting and dramatic changes are taking place but I am a citizen of the land of the free and we are not allowed to invest in North Korea.

Kim Jung and his wife examining the new Amusement Park in North Korea

North Korea has a great gene pool if you look at it historically over the past thousand years. Theres something about the Koreans, they are not dumb, unsuccessful people. The Russians are pouring in, the Chinese are pouring in. Its changing very quickly.  

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.