Jim Rogers Interview about Hard Assets, Oil, and Currency Diversification
Like him or hate him, Jim Roger’s predictions have been extremely accurate according to UK media reports. Jim expects skyrocketing oil prices over the coming decade. He also expects a correction in silver prices from the current price of $27. He also talks about his gripe with the Fed and Bernanke’s money printing decisions.
Oil Prices
Renowned investor Jim Rogers, who is best known for his partnership with George Soros back in the days while managing the quantum fund together, ways in on his oil price forecast. Jim says “The price of oil is likely to rise because the supply of oil is dwindling, on the other hand, silver prices are likely to decline as the price rose to quickly and its natural to have a pull back.”
Jim further states that if the silver prices fall he hopes to be smart enough to buy more silver below it’s current value of $27 an ounce.
According to Jim Rogers, the rising prices of crude oil in the future will be driven by lessening supplies. According to the International Energy Agency, “The supplies of oil has declined by over 6% a year”. This is why Billionaire investor, Jim Rogers see oil prices climbing tremendously over the coming decade.
Jim Rogers believes this skyrocketing oil prices that he predicts could cause financial hardships for businesses and can even bankrupt companies that rely on oil for transportation and operation. View oil prices
Jim Rogers states that the world uses 86 billion barrels of oil every day. They are successfully finding oil in Brazil, but only 2 years worth. He has stated his belief that there could be an oil shortage that will lead to extremely high oil prices. He states, “If oil skyrockets to $300 a barrel, they will be looking for oil underneath the Buckingham palace.”
On the other hand, Jim says that silver prices are due for a correction. It rose over 40% in a couple of months, and it is due for a natural pullback. He says that he will likely buy more silver when the price is right. View silver prices. View gold price charts.
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Whether you like Jim Rogers or hate Jim Rogers, his calls have been very good. While forecasters such as Max Keiser and Bob Chapman where urging investors to buy gold and silver, Jim Rogers knew there would be a pull-back. Possibly due to his connections with the elite, he may know something that all of regular people are unaware of?
There are many rumors that there is more oil then we could ever need or want. And there are rumors that there is tons of oil under the ground, even in the United States. Is this an artificial inflation of price and an artificial plan to create the image of scarcity? We many not know the truth. But what we do know is that when Jim Rogers says something, his information is usually right on. This to me signifies that Jim may know what the elites are planning. And those of us who do the homework, usually know that prices of commodities are manipulated to increase the profits for the elites. I think Jim Rogers is someone to listen to as his predictions in the past have proved to be very accurate. In fact, a journalist for one of UK’s top news and media company analyzed Rogers’ investment calls over time. Turns out Rogers has been spot-on most of the time.
