News

August 18, 2008

Commodities…Buy the Dips!

By Jim Rogers, who was guest speaker at our Christmas Forum 2006

The commodity bull market has a long way to go. This bull market is not magic. It's not some crazy "cycle theory" I have. It does not fall out of the sky. It's supply and demand. It's simple stuff.

In the 80s and 90s, when people were calling you to buy mutual fund and stocks, no one called to say: "Let's invest in a sugar plantation." No one called and said, "Let's invest in a lead mine." Commodities were in a bear market and in bear markets people do not invest in productive capacity. They never have. Perhaps they should have, but they've never done it throughout history and probably never will. There has been only one lead mine opened in the world the last 25 years. There's been no...