Agricultural products themselves are not doing terribly well, but that’s because not much is doing terribly well. I own a few agricultural stocks, but mainly I own the commodities themselves. You know, sugar’s down 80 percent almost from its all time high. So some of these things are very very cheap. It doesn’t mean they can’t get cheaper as they have, cause everybody’s panicked about everything these days.
I do expect the precious metals to get a lift but other commodities too because people will be desperate for real assets. Agricultural commodities will be in great demand at that point. But oil too. I mean, oil is bound to be making a bottom some time in the next few months. It’s a complicated bottom obviously…but if oil goes to – you pick the number – then of course, oil’s going to make a bottom too, and when people start to look for places to put their money, they’re going to be looking for real assets and getting out of their dollars. They’re going to be looking for real assets because they know the banks are just totally debasing the currencies all over the world.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.