“In 1987 stocks were down 40-80 percent worldwide and it took a long time for it to get above pre-correction levels but the bull market was not over,” said Rogers. “We are seeing the same normal correction happening in commodities now. But we have not seen enough supply come on stream yet in any commodities sector, except maybe iron ore or something like that, to bring supply and demand back in balance.”
Agriculture is the best commodities pick to make and palladium is also another great investment to make since it’s in a “depressed” state right now, Rogers said. At the time of this writing, palladium is trading at just under $850. Over the past year, palladium has remained steady and has increase by approximately $100 in value. - in a recent interview with Bullion Desk
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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