CEO of Rogers Holdings and author of "Hot Commodities" Jim Rogers recently sat down with CNBC to discuss the future commodity prices and where he would invest his money if he had one million dollars.
Long-term bull investor in the Asian economies and proponent of
ending the Federal Reserve System, Jim Rogers, had an interview with
CNBC on Thursday to talk about the world of commodities and where would one invest one million dollars if they had it.
Rogers, co-founder with George Soros of the Quantum Fund, believes commodities are the best place to invest any amount of money because it protects an investor from inflation. He most definitely thinks commodity prices will rise to all-time highs if the Asian economies begin to take off in dramatic fashion.
“Cotton, coffee, silver … these are things that are very depressed. This is where I would start looking … if I only had a million dollars… I wish I had a million dollars, then I would head out and look for those things.”
Analysts across the globe believe cotton prices will increase 20 per cent because cotton farmers are switching to more efficient crops, however, the price of cotton traded at 50 cents per pound compared to 95 cents in February of 2008.
Nevertheless, Rogers advised viewers that investors should look for commodity investment opportunities across the world since coffee prices were up 12 per cent and silver prices rose 22 per cent in this quarter alone. “I would probably try to find an agricultural-oriented country or natural-resource oriented country where prices are still depressed.”
For up-to-date prices of commodities visit
here.
