Market Guru Still Favors Commodities

October 21, 2009 07:00 PM
 

Linda Smith, Top Producer Executive Editor
 
On CNBC, Oct. 1, investor Jim Rogers (see "Why Investors are Hot on Commodities,” Top Producer, September 2006) told the world he still sees commodities as the place to invest. "Asia is the continent of the future. It is a huge place with three billion people,” he said. "Unless you know the area well, I would not invest directly. The best way to invest there is commodities because if the Asia economy picks up, commodities will rise. Even if it doesn't pick up, so much money is being printed that commodities—inflation—eventually rise.
 
However, he said he would watch cotton, coffee and silver but he is not buying right now, because "I don't like to jump on a rapidly moving bus.” Asked how much of a retraction it would take before he'll jump in, his response was "I don't know—it depends.”


For More Information
View the CNBC segment.
 

 
You can e-mail Linda Smith at lsmith@farmjournal.com.

 

 

 

Back to news

Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by Barchart.com
brought-by
Close