Jim Rogers shared his view that oil is a good investment over the long haul. He explained that the price of oil may well go down for a while. The reason for that is because China is slowing down, India is slowing down, a lot of places are slowing down. But Rogers believes that over a decade the price of oil is going to go through the roof.
In his opinion, the surprise is going to be how high the price of oil stays and how high it goes. Jim Rogers insured himself with the statement that this doesn’t mean it cannot go to $70 in the meantime. But if it does, the investor advises, to buy a lot of oil. He added that if the gold goes down, he will buy more.
On the other hand, when talking about stocks, Jim Rogers explained that he is not thinking about investing in it. If stocks collapsed around the world he would have to buy a lot more stocks, but he doesn’t see that happening. He explained further that the economy is going to be bad next year and asked why buy stocks in the face of something like that?
Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance.
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