Submitted by Taps Coogan on the 27th of November 2018 to The Sounding Line.
Legendary investor and author Jim Rogers recently spoke with Sprott Media to discuss his bearish view on markets and his bullish outlook on commodities.
“It is the time to buy commodities again. I would say to you and you can write it down… commodities are going to do better than stocks in the future.”
“I have learned not to pay too much attention to OPEC… I think oil has been down ten days in a row which is one of the few times in history that that’s ever happened. Oil is making a complicated bottom. We are going to look back one day and say ‘2015, ’16, ’17, ’18, ’19, oil made its bottom, and then oil is going to go up again. Known reserves of oil are in decline, and continue to decline, except for fracking, but that bubble has popped, so be careful. Don’t sell your oil.”
While Mr. Rogers has been maintaining that outlook for sometime now with mixed success, it is certainly worth keeping in mind. There is much more to the interview, so enjoy it above.
P.S. If you would like to be updated via email when we post a new article, please click here. It’s free and we won’t send any promotional materials.