Where Jim Rogers Would Invest $1 Million: Cotton, Coffee, Silver …

[bobbyw24]

Where Jim Rogers Would Invest $1 Million
Published: Thursday, 1 Oct 2009 | 5:33 AM ET

By: Antonia Oprita


Commodities are the best area to invest in, as they protect against inflation and prices will rise if Asia's economies take off, Jim Rogers, CEO of Rogers Holdings, told CNBC Thursday.

"Cotton, coffee, silver … these are things that are very depressed. This is where I would start looking … if I only had a million dollars… I wish I had a million dollars, then I would head out and look for those things," he said.

http://www.cnbc.com/id/33114835

 

[stag15]

If only he had a million dollars? I think he has way more than a million dollars. He sold his new york apartment for like 15 million.

 

[kathy88]

If only he had a million dollars? I think he has way more than a million dollars. He sold his new york apartment for like 15 million.

yeah, but probably owed more with the market the way it is

 

[SLSteven]

if I only had a million dollars… I wish I had a million dollars

He must have sold all of his dollars.

 

[constituent]

I think the cotton is bunk advice. last i heard (i grew up in the cotton belt), there is something like a ten year glut of cotton on the world market due to U.S. ag subs.

That's a fundamental that will be hard to escape without continued manipulation.

But hey, he's Jim Rogers. I'm just some dude on the internet.

 

[torchbearer]

I think the cotton is bunk advice. last i heard (i grew up in the cotton belt), there is something like a ten year glut of cotton on the world market due to U.S. ag subs.

That's a fundamental that will be hard to escape without continued manipulation.

But hey, he's Jim Rogers. I'm just some dude on the internet.

My family used to farm cotton. Those subs were given to people like Trent Lott (who voted for these bills as a senator). Small farmers in my area went broke as they couldn't compete with the big corporate farms who were getting government money.
So, we have a glut today. But how many farmers are growing cotton?
I can't speak for the rest of the country- but in louisiana. No one is farming cotton anymore.
So, like we have seen in housing and tech. There is a cotton bubble and it will burst.
If no one is farming cotton anymore- we are going to go from cheap cotton, to really expensive cotton very quickly.

 

[hugolp]

If only he had a million dollars? I think he has way more than a million dollars. He sold his new york apartment for like 15 million.

yeah, but probably owed more with the market the way it is

Check the video. It was a question from a viewer. The lucky bastard and excellent investor Jim Rogers has more than that.

 

[hugolp]

My family used to farm cotton. Those subs were given to people like Trent Lott (who voted for these bills as a senator). Small farmers in my area went broke as they couldn't compete with the big corporate farms who were getting government money.
So, we have a glut today. But how many farmers are growing cotton?
I can't speak for the rest of the country- but in louisiana. No one is farming cotton anymore.
So, like we have seen in housing and tech. There is a cotton bubble and it will burst.
If no one is farming cotton anymore- we are going to go from cheap cotton, to really expensive cotton very quickly.

So, it is a bubble and cotton price will come down or its not being produced and price will go up.

 

[torchbearer]

So, it is a bubble and cotton price will come down or its not being produced and price will go up.

the bubble is in supply.
THe prices are very cheap right now because supply is very high. (thus, farmers aren't planting cotton- the price is too low)
With no one growing cotton the supply could drop quickly- meaning the price of cotton, and anything made from cotton will sky-rocket.
Here is the worst part- most of our small farmers are now out of business and are doing other things. We are raising cattle instead of farming.
So when the prices go up, most of the farms won't have the tools to start growing and harvesting cotton. So the few corporate farms won't have the capacity to make up the difference.

 

[ArchPaul]

they were talking about sugar this morning... something about it being favorite of hedge fund managers...

 

[torchbearer]

they were talking about sugar this morning... something about it being favorite of hedge fund managers...

sugar is tricky.
we have tarriffs on sugar. So are they talking about domestic sugar or world sugar?

 

[Gideon]

Jim Rogers was mistaken...

I believe he meant to say:

If I had a million FRNs, I would invest in ammo, heirloom seed stock, and silver.