THE FED WILL BRING THE WORLD DISASTER: JIM ROGERS interview Paul Begley Economist Fabian Calvo “Hundreds Of More Bankers Will Die”
Countdowntozerotime.com
May 10, 2014
The guru of commodities (raw materials), the famous billionaire Jim Rogers, has spent the last few months quieter than usual. However, this week gave an interview to the portal Hardassetsinvestor.com not wasted. Input, addressed the issue of gold, for which it expects a new buying opportunity “in the next year or two.” By the time you are not selling your precious metal but hopes to be “smart enough” to buy if anything falls below thousand dollars an ounce.
The conflict between Ukraine and Russia considered it something that investors should put their raw materials more attention as both countries are large producers of them. In particular, he noted that Ukraine is a major producer of commodities agricultural and has been for centuries. If the production line breaks, means there will be less supply in the market and that prices could skyrocket.
He recalled that inventories agricultural products are near historic lows, and the world has consumed more than it has produced over the last ten years, which means that inventories are low and we’re running out of farmworkers . “The average age of these is 58 years in the U.S. and 66 in Japan,” he said.Because of these factors, expects prices of such commodities will be much higher in the coming years.
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