Jim Rogers: I Bought More Gold Today; Bull Market Far From Over
by Sumit Roy
June 20, 2013
Investment guru gives his latest views on commodities, including gold and oil.
When Jim Rogers talks, investors listen. Rogers may be the world’s best-known commodity investor, with his Rogers International Commodity Index and best-selling books, including “Hot Commodities.” HAI Managing Editor Sumit Roy spoke this week with Rogers from his home in Singapore about commodities, including whether he’s ready to buy gold after the recent plunge in prices.
HardAssetsInvestor:A lot of investment banks have recently called an end to the commodities supercycle that began more than a decade ago. Do you think they’re wrong?
Jim Rogers: I’m delighted to hear that. Bull markets climb a wall of worry. I’m not quite sure where the supply is coming from that would cause the bull market to end. Maybe they know something I don’t. But when you look back at the stock bull market from 1982 to 2000, stocks collapsed in 1987, ’89, ’90, ’94, ’97, ’98. And every time, people said the bull market is over. But it wasn’t. This bull market in commodities will definitely come to an end someday. But someday is not here yet.
HAI: What signs do you look for to determine when the bull market is close to ending or has ended?