Jim Rogers Buying Gold: Bull Markets Has Years to Go
Alex Stanczyk (December 6th, 2008) Writes:
Jim Rogers Buying Gold: Bull Markets Has Years to Go, and Will Go Much Higher
Commodity Fundamentals Are ‘Unimpaired,’ Rogers Says
By Nigel Stevenson and Brett Foley
Dec. 5 (Bloomberg) — The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.
“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”
The Reuters/Jefferies CRB Index of 19 commodities has plunged 53 percent from a record in July on concern that a global recession will sap demand for raw materials. The index almost doubled between
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