Jim Rogers is still bullish on commodities

Hat tip gaius marius.

Rogers is not just bullish on agricultural commodities. He is bullish on oil too. Rogers says:

Over the next decade or so, oil is going to go much, much, much higher because known reserves are declining at a very rapid rate.

As for agricultural commodities, he’s talking about severe shortages of food. Stock up.

12 Comments
  1. Anonymous says

    This is just silly. Doesn’t Rogers realize that China is a big bubble waiting to burst? What does he think will happen to commodities when it does?

  2. Glenn Corliss says

    I have the upmost respect for Mr. Rogers, but I don’t think he fully appreciates how most global agriculture is still woefully inefficient, but improving. As efficiency continues to improve, agricultural supply will increase sufficiently to inhibit sustainable price run-ups caused by increased demand. In the short run, marginal demand from hedge-funds may push forward prices higher from time to time, but farmers will simply increase supply, pushing prices lower again. Unless you’re a short-term “trader” – something Mr. Rogers always claims he is not – then you’re better off playing oil or other commodities with steep supply curves to counter potential inflationary pressures caused by “helicopter Ben”.

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