The legendary investor/trader (former Soros trading partner) and general "one-of-a-kind" character Jim Rogers recently was on Bloomberg and re-iterated many of his long-held views that are extremely bullish on Oil, Gold, Silver, and Agricultural commodities. Note that he has been saying similar things for a decade or more.
Some of the paraphrased highlights from his comments:
World is running out of known reserves of Oil. Eventually the all-time highs will be taken out.
In bull markets, prices can go far beyond where most can conceive of. The peak in the commodity bull market is still several years away.
Gold will go to $2000 in this decade. Silver will take out $50.
Huge bull market in Agriculture commodities. Still historically depressed on a long-term inflation adjusted basis.
Avoid shorting during a secular bull market. Emerging markets and Nasdaq stocks can be a bearish hedge, but caution shorting.
In the 1970s most stocks did badly, the outperformers were commodity stocks. That's gonna happen again.
Countries like Canada and Australia will benefit from trends, countries like U.S. and Belgium will be hurt.
5 minute video interview is here.
Jimmy Rogers Bloomberg Interview
Image courtesy of Fortune.
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