“The best investments in 2008,” Jim Rogers said in Shanghai today, “are commodities and natural resources. Agricultural prices have much higher to go over the next decade. We have a shortage of everything, including seeds.”
Rogers, speaking at a conference in Nanjing, provided a myriad of forecasts, including: “Crude oil prices are not high enough to stop people from consuming more energy… the bull market will not go to an end until supply and demand come to a balance.”
The legendary investor also urged to listeners to “not give up” on Chinese stocks, even though the Shanghai Composite is 50% off its 2007 high. Rogers said he has barely sold a single Chinese stock since he began buying in 1999.
Stay out of the dollar “at all costs,” he added.
Rogers, speaking at a conference in Nanjing, provided a myriad of forecasts, including: “Crude oil prices are not high enough to stop people from consuming more energy… the bull market will not go to an end until supply and demand come to a balance.”
The legendary investor also urged to listeners to “not give up” on Chinese stocks, even though the Shanghai Composite is 50% off its 2007 high. Rogers said he has barely sold a single Chinese stock since he began buying in 1999.
Stay out of the dollar “at all costs,” he added.
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