Monday, August 15, 2011

Stopped buying Gold, Silver : Jim Rogers

Investing legend, Jim Rogers has stopped buying gold, Silver and stocks and is upbeat on agriculture. In an interview to Garett Baldwin, Executive Editor of Investment U, Rogers said that agriculture prices on a historic basis are still depressed and that is where he sees the next opportunity.


Jim Rogers, co-founder of the Quantum Fund told Investment U that he has stopped buying Gold and Silver but is not selling as he believes that gold will hit and surpass $2,000 an ounce soon rather than later.


The present commodity supercycle will last for 20 to 25 years. So if this commodity bull started in 1999 or 2000, this bull will run until about 2020 to 2025, he added.


source

Jim Rogers

Warren Buffett

Nouriel Roubini