Jim Rogers stops buying gold, silver, sees future in agri-commodities

Investing legend, Jim Rogers has stopped buying gold, Silverand 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: http://www.commodityonline.com

Tags: Gold analysis, Gold future prices, Gold futures, Gold investment, Gold news, Gold price, Gold price forecast, gold prices, Jim Rogers, Silver price, silver prices

Posted by VBN on Aug 12 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry