Bonds Should Be Sold

"If you look at bonds, bonds should be sold. There is going to be a gigantic issuance of bonds by governments around the world. If any of you are bond portfolio managers, I urge you to get another job. Unless you're a good trader and can jump around in currencies, stocks and bonds, then the best place to be is commodities.

Commodities are in a secular bull market, a bull market that started about 10 years ago. The fundamentals continue to improve for commodities worldwide. When people worry about inflation, or worry about paper money, they'll get their money into real assets, whether it is silver, or cotton, or natural gas.

in a presentation held by ETF Securities

Commodities Bull Run

“Commodities are in a boom market these days. The bull market in commodities has a long way to go. Some commodities are consolidating right now, in anticipation for the next move up. Some like crude oil are in all time high. You know in commodities market, some go up and some come down. But I tell you the boom market in commodities is a long way to go.

The commodity bull market could lat 10 to 20 years. But I tell you it is going to be exciting years ahead for commodities because of several reasons. Lots of lands are getting cultivated across the world. People are getting serious about the opportunities in the agricultural market. Something good is going to happen in the boom market. And the boom market will end some day. But that some day is a long way from now. If there is a world-wide economic breakdown, it will affect the markets. But even then commodities are going to be a better place to be in than stocks and bonds.”

in Commodities Online

Chile Has Been Doing A Good Job

“Chile has been doing a good job. They’re not going out and spending the windfall and driving the country into the ground. The economy is basically copper and agricultural and I’m very bullish on both.”

in Bloomberg

Investing In Africa`s Farmland

"The gigantic acreage in Africa has been underfarmed because there is not much infrastructure, not much machinery, not much expertise, not much fertilizer. I think the world is going to have huge food problems in the next few years. Other people seem to see that, too, so they're buying up farmland. You can either buy it or lease it. It's very, very cheap, it's incredibly fertile, and it hasn't been overexploited. And if you take in some expertise and some machinery and some fertilizer, you should make a lot of money. The labor's cheap, everything's cheap."

in Business Week

"I`ve Accumulated A Few More Dollars. We Will Probably Also Have A Gold Correction"

"Throughout history, printing money has led to weaker currencies and higher prices for real assets. And there are many, many pessimists about the dollar, including me. So many pessimists that I suspect there's a rally coming. I have no idea why there should be, but things do usually rally when you have this many bears at the same time. I've actually accumulated a few more dollars. I mean, it's not a significant position, but I do own more dollars than I did a month ago. And we'll probably also have a gold correction because there's so many bulls on gold."

In Business Week