The Fundamentals For Agriculture Have Gotten Better

CNBC: The Fundamentals For Agriculture Have Gotten Better

"The fundamentals for agriculture have gotten better. The inventories are now at the lowest they've been in decades, not in years. Sometimes in the next few years we're going to have very serious shortages of food everywhere in the world and prices are going to go through the roof.

Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still down 70 percent from its all-time high.

If you want to buy precious metals I'd rather buy silver and palladium, just because they're cheaper."

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Jim Rogers Food Riots are comming

Jim Rogers will be live in London 19th March 2010

Is the current financial crisis a tipping point, with developed nations losing their status as financial centers and Asian centers taking over?

Yes, definitely. This is a period that we will look back on and say, “Oh, yes, that’s when it all really changed.”

The money now is in Asia. The largest creditor nations in the world are China, Japan, South Korea, Taiwan, Singapore, and Saudi Arabia. Forty years ago none were in Asia. Experience tells us that; money is not dumb. It goes where the money already is; everybody follows the money. That’s why New York became the world’s financial center: because America had the money, the balance of trade, the reserves, and the economy. But America doesn’t have the money any more and nor does the United Kingdom.

Jim Rogers and Marc Faber will be Live at the Vince Stanzione Global Financial Trading Day 19th March 2010 for details go to www.traders2010.co.uk

Why do you think capitalism appears to be working better in Asia than in Western democracies at the moment?

It is because in Asia they’re fresher at it and they haven’t yet had the chance to get corrupted and corroded. In China, they still call themselves Communists. They didn’t have a stock market 20 years ago, nor did Vietnam. Thirty years ago Mao Tse-tung was still running China; Indira Gandhi and Nehru were ruining India; East and West Pakistan had just had a big split; Vietnam had been destroyed by war. So, 30 years ago Asia was not in the game.

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Jim Rogers grew up in Alabama and started out in business, aged six, selling peanuts and soft drinks at baseball games. He was educated at Yale and Balliol College, Oxford. After he co-founded the Quantum fund in 1970, the fund surged by 4,200% over the next decade, while the Standard & Poor’s index rose by 47%. Having earned enough money to “retire” at the age of 37, Rogers has since worked as a professor of finance at Columbia University, columnist, author, and a contrarian investor. In the early 1990s he traveled 100,000 miles through six continents on a BMW motorcycle and ended up with a portfolio of investments in some of the world’s most unexpected markets. In 1998 Rogers became bullish about commodities, predicting an enduring commodities rally and later launched the Rogers International Commodities Index.

Believing that the future belongs to Asia, he sold his mansion house in New York’s Riverside Avenue in 2007 and now lives in Singapore, partly so that his two young daughters can learn Mandarin.

Jim Rogers will be speaking Live in London at the Global Financial Trading Day March 19th 2010 for details please click here

Jim Rogers How a poor boy from Alabama became Wall Street King

Jim Rogers explains to CNN Asia how he started out as a poor boy from Alabama and made it was up to Wall Street and created the Quantum fund with George Soros , certainly a fascinating story to listen to. Come and met Jim Rogers 19th March 2010 click here for more

Jim Rogers Live in London 19th March 2010

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The Road To Riches - Jim Rogers

The Road To Riches

"If you ask a thousand people if they want to be rich, every one except the poet and the mystic will say yes. When you explain what is needed to become rich, maybe six hundred of that initial 998 will say, "No problem, I can do that." But when push comes to shove, when they have to sacrifice everything else in their lifes - having a spouse and a children, a social life, possibly a spiritual life, maybe even pleasure - to meet their goal, almost all of them, too, will fall away. Only about six of the original thousand will continue on the hard path.

Most of us don`t have the discipline to stay focused on a single goal for 5, 10 or 20 years, giving up everything to to bring it off, but that`s what`s necessary to become an Olympic champion, a world-class surgeon, or a Kirov ballerina. Even then, of course, it may all be in vain. You may make a single mistake that wipes out all the work."

From Investment Biker

Jim Rogers will be in London 19th March more details at www.traders2010.co.uk