Monday, May 9, 2016

China clamping down on commodities speculation

It seems the Chinese investors discovered that commodities is a place to invest and started doing so. You’ve seen these sort of outbreaks many times from many countries. China is doing their best to cool it off and calm it down. That’s good, because over-speculation in anything leads to problems, especially if people don’t know what they’re doing.

When people start investing in a lot of things and they don’t know what they’re doing, they’re basically going to the racetracks or to the casino. Whatever the authorities did, they calmed it down. That’s terrific.

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.