Jim Rogers Predicts Gold ‘Ending In A Bubble Maybe Three Or Four Years From Now’

I read an insightful article the other day about well-known investor, author, and financial commentator Jim Rogers on Agrimoney.com. In it, Mike Verdin shared what Rogers, the former investing partner of George Soros in the legendary Quantum Fund, thinks about certain investments opportunities. The Singapore-based investor is “pessimistic about stocks for the next couple of years,” and is still bullish on agriculture. But it’s what Rogers, who predicted the commodities rally that began in 1999, said about gold and crude oil that I found most interesting. From the January 28, 2016, piece:

He foresees a rally in gold “ending in a bubble maybe three or four years from now”.

And oil prices around $30 a barrel are unsustainable.

“People cannot explore, drill at $30 a barrel” and expect a satisfactory return on their investment.

And with old wells being pulled offline, “there is not going to be any oil” unless higher values make new sources viable.

He compares current weakness in commodity prices to that in shares during their late-20th century bull run.

“In the 1980s and 1990s, stocks went down 40-80%, and people said ‘that’s the end of that’.

“But it was not the end. We have seen before in other asset classes” the reversal in commodities he believes will prove short-term…

Good stuff, which you can read all about on Agrimoney.com here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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