Jim Rogers interview on Commodities by CME Group - Jan 2011
Jim Rogers : " ....Charlie look around you , if you produce cars you got to know what's going on with copper lead steel rubber , if you produce anything , if you're gonna invest in electricity you need to know what's happening with the price of coal the price of natural gas the price of oil the price of copper for your wires , I mean I do not see how anybody could possibly invest in any company without knowing what's going on in commodities ...." If a stock index fund buys IBM they take those shares off the market and that does affect the market , with a commodity index fund , if we buy oil we just buy futures we never take delivery of the oil we roll it over , but that's not affecting the long term price of oil of wed or anything else ...." ..." there was very little investment in productive capacity for twenty , twenty five years and when you have declining supply at the same time demand is rising look at Asia look at the world , we are using more and more of everything declining supply increased demand means higher prices , it's pretty simple stuff it has been going on for thousands of years there is nothing new about it "........etc....the above partial transcript was done manually by the owner of this blog and hence it is far from being accurate ....
No comments:
Post a Comment