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Jim Rogers on Commodities: Heads you Win, Tails you WinBeacon EquityOct. 23, 2010 |
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 “If the world economy gets better, the prices of commodities will go up because there are shortages developing. We already see shortages developing. You mentioned rare earths, but there are others. If the world economy doesn’t get better, I still want to own commodities because they’re [Federal Reserve] going to print money.” In the short term, however, Rogers said he doesn’t like buying any commodity “when prices are making new highs,” referring to gold, which has rallied nearly straight up in price from its recent low of 1,155.90 on July 28 to its intraday record high of $1,387.10 set on October 14. But Rogers likes silver and rice now, because both these commodities haven’t made new highs yet. Read More 
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