Indian women shape his understanding of gold and silver: Jim Rogers

They have a significant impact on his investment strategies

Rogers underscored importance of having gold and silver as a safeguard

Renowned billionaire investor Jim Rogers, co-founder of the Quantum Fund, recently shared his unique perspective on investing in precious metals, crediting Indian women for shaping his understanding of gold and silver.

In an exclusive interview with NDTV Profit, the 81-year-old commodity guru revealed that his observations of Indian women’s deep-rooted affinity for these metals had a significant impact on his investment strategies.

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Discussing the merits of gold and silver, Rogers humorously described himself as an “old peasant,” emphasizing the value of precious metals during uncertain times. “Indians, especially the women, taught me a lot about gold and silver,” he said, recounting his visits to Indian markets where he observed women adorned with vast quantities of these metals. “I learned from them; they’ve taught me a great deal.”

Rogers underscored the importance of having gold and silver as a safeguard, stating, “When problems arise, having some gold in the closet can bring great relief. I hope such times never come, but if they do, us old peasants know the value of these metals.”

The Quantum Fund, which Rogers co-founded in 1973, achieved a staggering 4,200 percent return in a decade. Although he retired at the age of 37, Rogers continued to manage his investments and served as a full professor at Columbia University, further cementing his legacy in the world of finance.