12/10/09 (1/2) Jim Rogers on Bloomberg: Buy Commodities!

[popeye1250]

Brazil has made two enourmous discoveries of oil off it's coast. One is the size of the Eastern U.S.

[RMMHS4RP]

That's a great defense he makes of "speculators" at the beginning there. How easy it is even for people of good will to criticize them, but Jim is absolutely right that when the price of commodities goes up, it sends signals that resources can be profitably devoted to producing them. The speculators are just the ones who get there first. Somebody has to do it. Why not someone like Jim Rogers?

[thomasst2]

I agree. Speculators don't drive up prices. People speculate because prices go up. also they have future expectaions based on current conditions that prices will continue to rise.

In my opinion, things that separate an investor from a speculator are awareness and analysis of fundamentals and market trends (i.e. economic reasoning) and time preference (short term vs long term). Both attempt to anticipate market forces, right or wrong. But there's nothing wrong with speculating.

[RMMHS4RP]

I speculate every time I fill my gas tank. So does everyone else. Maybe they should make that illegal, too.

[bajoverga]

Jim Rogers is smart, but he is wrong about gold and a gold standard.

[hurryingfred]

Maybe, maybe not. It's a tough subject because history books have warped the facts about the gold standard so much.

[Plat465]

Im young, but how can you own agriculture??

[debtinterest]

buy agricultural etf.

[davincij15]

Research Silver. I mean really do your homework assume everything is a lie and find the truth.

You will be shocked once you find out the hard data that is absolute and not speculation.

[coreyk123]

You can buy agricultural stocks, invest in agriculture commodities in the futures market or an exchange traded fund.

[homertalk]

Buy a banana

[cpswyl2]

thks!

[helpendthefed]

Agriculture FTW!

[BlueSkies360]

Thank you fro posting! Nice to listen to Mr. Rogers!