Friday, September 7, 2012

Crude Oil: If Anything Makes It Go Down, Buy It

Jim Rogers : The surprise with oil is going to be how high it stays and how high it goes. We are running out of known reserves of oil. There may be a lot of oil in the world. If there is, we just don't know where it is. So prices are going to stay high and go much higher. If America goes to war with Iran, they are going to skyrocket. If there is a big surprise, if Spain suddenly goes bankrupt out of the blue, then oil prices will collapse. If the prices collapse, I would suggest you to buy more. If there is anything that makes it go down, I would suggest buying it because until we find a lot of oil, prices will stay high and go much higher. - in India Economic Times

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).