Saturday, October 10, 2009

Jim Rogers sees U.S. Treasuries Bubble


Rogers said agricultural products, precious metals and oil remained among his favorite commodity picks.

"I know that inventories of agricultural products are the lowest they have been in decades. We have shortages of everything developing in agriculture," he said. He said sugar, which recently hit a 28-1/2-year high, could go much higher in the next decade.
Among precious metals, Rogers said palladium and silver looked more attractive due to cheaper prices, but he would buy gold in the long term because the metal has historically been regarded as a real asset.
Rogers said he was certain crude oil could trade as high as $200 per barrel over the course of the bull market because of depletion.
Rogers, who resides in Singapore, had co-founded the Quantum Fund with George Soros in 1970. The fund, since closed, returned 4,200 percent over the next decade, compared with a 50 percent gain in the S&P 500 index.
Asked about his investment philosophy, Rogers warned against chasing hot markets and venturing into unfamiliar assets.
LINK HERE

4 comments:

  1. Jim Rogers is a genius and a hero. He stands up for what he believes in. Can't say that about many people today.

    ReplyDelete
  2. Can't say that about yourself, 8:09am?

    Sounds like it.

    ReplyDelete
  3. Can't say is for you, 1:25pm.
    You must be that resident retard I've been hearing about.

    ReplyDelete
  4. Jim Rogers is smart, but he is hardly a hero. Did he save a drowning kid or something?

    ReplyDelete

Everyone is encouraged to participate with civilized comments.