Monday, October 19, 2009

Rogers Sees Long Commodities Boom

Jim Rogers says commodities remain a good investment and the boom will last.

Rogers, the well-known investor and chairman of Rogers Holdings, told Yahoo! News that investors should stick with commodities since they have outperformed stocks.

So far this year, gold reached new record highs of over 1000 per ounce, oil is bouncing back from its March lows and copper has almost doubled.

“The story is not over, not for a while. I don't see any reason it's going to be over for a few years because no one is bringing new supply on stream,” Rogers said. (more)

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