Tuesday 2 August 2011

Jim Rogers interview with the Irish Independant August 2011

The rest of the country is slowly waking up to the potential of agriculture. In an effort to focus on the positives in our economy, financial guru Eddie Hobbs had a well-known US investor, Jim Rogers, on his radio show last week.
Mr Rogers made vast fortunes in partnership with George Soros in the 1970s by focusing on investing in commodities. The US billionaire now says that the golden era for the financial sector or "money shufflers" as he calls them, is over. He predicts it will be better to be a farmer or miner than a banker or MBA-type in the years to come.
Like so many other investors, he believes that producers of food and other commodities are going to be the winners in a world that is increasingly scrambling for ever scarcer natural resources. He adds that the longer the sceptics believe that the current buoyancy in commodities is just a temporary spike, the longer this bull run will last.
Stagnate
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