Genius investor Jim Rogers bets commodities will keep rising

Jim Rogers, the famous investor who rose to prominence nearly 40 years ago as a co-founder of the Quantum Fund with George Soros, recently spoke at the Reuters 2011 Investment Outlook Summit in New York and asserted that the producers of the world will drive future global growth, according to Reuters.Jim Rogers, the famous investor who rose to prominence nearly 40 years ago as a co-founder of the Quantum Fund with George Soros, recently spoke at the Reuters 2011 Investment Outlook Summit in New York and asserted that the producers of the world will drive future global growth, according to Reuters.

Rogers says that people who produce tangible goods will be best off as the economy shifts in the coming decades. "All these people who got MBAs made a mistake," he told the captivated audience, citing what he views as a shift away from the finance hubs of New York City and London toward people who produce real things, like farmers and miners.Rogers says that people who produce tangible goods will be best off as the economy shifts in the coming decades. "All these people who got MBAs made a mistake," he told the captivated audience, citing what he views as a shift away from the finance hubs of New York City and London toward people who produce real things, like farmers and miners.

Asked for an example, Rogers contended that a country like Canada, replete with commodities and minerals, will fare better than Belgium, the European center of bureaucracy. Moreover, Rogers averred that even though commodities are at their highest levels in two years, they will continue to skyrocket in value over the next decade. "They're very high, but they're going to be much, much higher over the next decade," the brilliant investor exclaimed. "Even I'm going to be stunned, and I'm the bull."Asked for an example, Rogers contended that a country like Canada, replete with commodities and minerals, will fare better than Belgium, the European center of bureaucracy. Moreover, Rogers averred that even though commodities are at their highest levels in two years, they will continue to skyrocket in value over the next decade. "They're very high, but they're going to be much, much higher over the next decade," the brilliant investor exclaimed. "Even I'm going to be stunned, and I'm the bull."

Furthermore, Rogers cited the willingness of governments worldwide to debase their currencies as yet another harbinger of higher commodity prices. Commodities like gold, silver and copper have experienced a run up in price this year, one that will likely continue, he said. Furthermore, Rogers cited the willingness of governments worldwide to debase their currencies as yet another harbinger of higher commodity prices. Commodities like gold, silver and copper have experienced a run up in price this year, one that will likely continue, he said.