Thursday, March 20, 2008

Jim Rogers and the Million Dollar Commodities Question

Finally, the million dollar question answered by the billion dollar commodites man!

When should we worried about a TOP IN COMMODITIES??

JIM ROGERS, perhaps one of the most successful, well-known commodities traders of all time and author of Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market (2004), has an answer courtesy his 3/19/08 interview with Bloomberg:

"If it's a 9th inning baseball game then we're in the 4th inning, we have a long way to go, Mr. Bernanke may make it last longer and longer...Mr. Bernanke has taken $400 Billion onto his balance sheet…There are over 70,000 mutual funds in the world for the public to invest in stocks and bonds...there are fewer than 50 for the public to invest in commodities ...nobody's buying this stuff yet...Yes it's up (but) wait until you have 5,000 or 10,000 mutual funds (then you might reach the top)!"