No New Large Gold Mines Have Been Opened In Decades

"Regarding variables, it’s very clear there is huge suspicion about paper money around the world. This suspicion is gathering steam. Governments are printing huge amounts of money. This has always led to higher prices. Maybe I am wrong and it’s different this time. But I doubt it.

Additionally, no new large gold mines have been opened in decades. Some of those mines are over 100-years old. They are all depleting. On the other hand, central banks have huge Gold reserves above ground — and they are less interested in selling than in the past.

If you adjust Gold for inflation and go back to its former all-time high in 1980, Gold should be over $2,000 an ounce right now if you want to say it’s reaching new inflation adjusted all-time highs. That does not mean Gold has to get back to a true all-time high. Nothing has to. However, I suspect that given all the money printing in the world, we will see much higher prices for hard assets.

Despite Gold’s potential, I think I will make more money in other commodities such as silver, cotton, or coffee — all of which are terribly depressed."

in Seeking Alpha.com

Gold, Silver And Coffee

"Jim Rogers recently stated that gold and all commodities are going to continue to be a great investment no matter what happens in the overall global economy. Nouriel Roubini recently stated that there is an asset bubble but Jim Rogers totally disagrees. He feels that silver is 70% off its all time high so how is there a bubble? A bubble takes place when new all time highs are made on a daily basis.

Another point Jim Rogers makes is that a bubble does not occur until everyone is talking about and owning an asset class. At this point virtually no one owns a basket of commodities. People are starting to invest in gold but who has any investments in aluminum or sugar? Just because an asset class doubles in a year does not mean that it is in a bubble.

Jim Rogers feels that a strong reason to invest in gold is because paper money is causing huge suspicion throughout the world. Government continue to print more and more money to try and “print” their way out of a recession but this could cause huge inflation problems in the future. Even with the potential of gold, Rogers likes other commodities such as silver, cotton and coffee."

in Subprime Blogger

Farmland Is Going To Be One Of The Best Investments Of Our Lifetime

"I'm convinced that farmland is going to be one of the best investments of our time. Eventually, of course, food prices will get high enough that the market probably will be flooded with supply through development of new land or technology"

I Am Not Buying Any Stock Market Around The World

"I don`t know any emerging market, stock market that is so high that I would call it a bubble. They are certainly up a lot and maybe they are too high. But being too high is no t a bubble for anyone that knows financial markets. There is a great difference.

I am not buying any stock markets around the world right now, they have all gone up a lot and I do not like to buy anything when its been going straight up for a while."

in Bloomberg.com

All Commodity Prices Will Rise

"All commodity prices will rise, gold, silver, copper and even cotton," Jim Rogers, said at the Global Economic Revival and Chinese Capital Market Summit Forum. "The whole world is starting to print bills. With clear signs of expected upcoming inflation, there is no doubt."

Rogers believes that the commodity market whose size is only second to the foreign exchange market will continue to rise in the future for a long period of time. There maybe some changes during this time, but this period will last at least 18 to 20 years, thus becoming the best investment opportunity in the future.

in People`s Daily Online