Jim Rogers Says, Commodities Cycle Won’t Be Over for Years and Food Crisis Looms

Jim Rogers, famed investor and best-selling author, announced the start of a global commodities rally in 1999. It turned out to be a heck of call: Since then, commodities have dramatically outperformed stocks. Just this year, gold has hit record highs above $1000 per ounce, copper has nearly doubled and oil has rallied sharply off its March lows. So does Robers still believe in the commodity boom?You bet. “The story is not over, not for a while,” he tells Tech Ticker in this video clip. “I don’t see any reason it’s going to be over for a few years because no one is bringing new supply on stream.”The chairman of Rogers Holdings still owns gold though it’s not his favorite metal. “Gold is mystical to many people. I think I’ll make money in other commodities that are more useful.”Rogers is far more bullish on agricultural commodities. As he sees it, “most agricultural products are still depressed on a historic basis.”The lack of supply Rogers sees is especially concerning when it comes to agricultural products. “A catastrophe is looming,” he says. “The world is going to have a period when we cannot get food at any price in some parts of the world.”A potential food crisis transcends money, but Rogers warning may still prove to be another great investment lesson. As he told us in parting, “instead of getting an MBA, get yourself a farming degree. You’ll make a lot more money.”

Vodpod videos no longer available.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: