Wall Street Journal reported March 31 that Jim Rogers, a famous raw materials investor, bought a large amount of coins made of gold and silver last week at a International coin fair in Singapore.
Rogers had to limit his purchase at five-figures due to the restricted amount of coins.
Boo-kang coining company from North Korea displayed 20 one-ounce gold coins and hundreds of silver coins describing memorable moments of sports, architecture, animals.
One gold coin costs about two million won ($2,013), and one silver coin costs about 63,000 won ($50).
It also reported that coins commemorating the late Kim Jong-il’s 70th birthday were not out on the display.
Rogers bought 13 gold coins and most of the silver ones, according to the Boo-kang company representative.
He added, ”Rogers wanted more, but that was all that’s left.”
With George Soros, Rogers created a Quantum Fund, and with his estimation of the raw material market rally in 1990s, he allegedly raked in huge profits.
He is now the Chairman of the Rogers Holdings.
He said, “At some point, North Korea will stop existing as a nation, the value of the coins will soar.”