Tuesday, November 22, 2011

I expect there will be more shortages more problems more money printing

Jim Rogers : Alex my own and my family portfolio is mainly commodities especially agricultural commodities and precious metals , we own all commodities because great shortages are developing for 20 - 30 years we had a big bear market in commodities very little money was spent on productive capacity , the average farmers age in America is 58 years old in Japan it is 66 , we have huge supply problems facing us with all commodities so that's why I am long , if the world economy gets better I am going to make money because there are shortages but if the world economy does not get better I rather own commodities real assets because they are going to print more money once you have shortages , in the 70s the world economy was in trouble everywhere nearly everywhere and the stock market did nothing for twenty years yet if you owned commodities you made a huge fortune we had one of the greatest bull markets in history in commodities at a time when economies and the stock market were in the tank so we own commodities because I expect there will be more shortages more problems more money printing and that's how you protect yourself , I have sold short emerging markets stocks European stocks American technology stocks because I see more and more problems coming and the way to protect yourself in my view is to own real assets whether it is silver or rice whatever get yourself some real assets - in The Alex Jones Show

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