Friday, October 10, 2008

Commodities: Where Jim Rogers is Putting His Money

The commodity Jim Rogers considers important: currencies

Last post we talked about Jim Rogers' view on the interference by governments which will inevitably lead to inflation. In this case Rogers is calling it an "inflation holocaust."

So what is Jim Rogers doing at this time to make some money? He's continuing with a couple of his favorite currencies. Rogers is investing his large amount of cash in the Swiss franc and Japanese yen. He also said he's continuing to invest in agricultural products.


[Most Recent Exchange Rate from www.kitco.com]


Agricultural products have also participated in the reason plunge in commodities, as demand across the world has fallen because of economic concerns and some of the high prices in connection with the former demand.


[Most Recent Exchange Rate from www.kitco.com]


This will probably change around fairly soon as no matter what happens with metals and other commodities unrelated to gold or food, agricultural products, as well as gold, will continue to rise in price in the months ahead, as inflation rises in response to the misguided attempts by the U.S. government and others around the globe that continue to interfere with the markets.

1 comment:

Anonymous said...

Too bad our politians aren't learning anything from Jim Rogers.