Really the first television appearance this decade, Jim Rogers continues to be bullish on commodities. Jim is not doing nothing with oil, but still expects the black gold to go higher over the next decade due to declining reserves around the world. In addition, he still believes in ag commodities but states sugar has gone up rather quickly but yet still about 70% from all time highs. As always, Jim Rogers believes in buying the commodities themselves instead of commodity stocks. Finally, Jim continues to hold gold but would not buy at current levels. One precious metal he would buy is silver or palladium.
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January 17th, 2010 at 7:22 pm
I agree food commodities, the medals, oil, forest products will likley head higher at least over the next 4 years, sure there will be corrections along the way. We have Obama and his group who are chokeing off exloration and production of just about all our natural resources and he wants to tax it. It will take the next President his or hers first two years in office just to begin to stsrt and undue the distructive aftermath of Obamas policies which are not pro business or pro American for that matter. We are living in unusual times in America. It is sad to see this happen, but it is realality.