Jim Rogers- Jim Rogers no longer bullish on gold

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Jim Rogers no longer bullish on gold

Tuesday, August 18, 2009
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From LewRockwell.com:

Global commodities investor Jim Rogers no longer loves gold. Instead, he is going to shift focus to commodities like sugar.

On gold, he says: "If it goes down I'll buy some more, and if it goes up I'll buy some more. I periodically buy some gold. I don't have a method to it. I just buy it."

Rogers is these days bullish on sugar. Sugar prices are rising dramatically these days. Last week, the price of sugar breached the 21 US cents per pound mark for the first time since 1981. It is up 80 per cent this year alone, and many believe it is set to go way higher.

Rogers says sugar prices might reach the all-time peaks it hit in the 1970s - 70 per cent higher than it is now.

Read full article...

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Topics:		Jim_Rogers \| Commodities

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