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.”
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View the CNBC segment.