Demand for commodities will outstrip supply during the next two decades and will fuel a rally for raw materials, says investment guru Jim Rogers.
Gold could hit $2,300 an ounce, which would allow the precious metal to break a record when adjusted for inflation.
Oil could hit somewhere between $150 and $200 a barrel.
“I don’t see any adequate supply situation in any commodity market over the next decade or two,” Rogers told Bloomberg News.
“The commodities boom is not over and the bull market has several years to go.” (more)
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