So where do you see the best opportunities now?
Agriculture has been a disaster for 30
years, but I’m very optimistic about it. There are many ways to invest:
You can buy land, agricultural products, seed companies, fertilizer,
tractor companies. Farmers are getting older, and in the U.S., more
people study public relations than agriculture. Therein lies the
opportunity: Either it’s going to get better, or we’re not going to have
any food at any price.
I’m optimistic about Russia. The Kremlin now un- derstands that they have to play by the world’s rules.
I’m also short U.S. junk bonds, because
interest rates will be going higher and we’ll have a worse economy. The
central banks have tried to print more money, but the market is
beginning to reject it, and inflation is coming back. There is going to
be a lot more debt issued in the next few years, and more bonds means
higher rates.
Via The Globe and Mail 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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