“In 1987 stocks were down 40-80 percent worldwide and it took a long
time for it to get above pre-correction levels but the bull market was
not over,” said Rogers. “We are seeing the same normal correction
happening in commodities now. But we have not seen enough supply come on
stream yet in any commodities sector, except maybe iron ore or
something like that, to bring supply and demand back in balance.”
Agriculture is the best commodities pick to make and palladium is also
another great investment to make since it’s in a “depressed” state right
now, Rogers said. At the time of this writing, palladium is trading at
just under $850. Over the past year, palladium has remained steady and
has increase by approximately $100 in value. - in a recent interview with Bullion Desk
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).
