Look at the things that are cheaper—for instance, gold is near its all-time high, while silver is 75 percent below its all-time high. Palladium is extremely cheap on a historic basis. This does not mean you buy silver or palladium, but this is where you start looking if you were looking at precious metals. Likewise with energy—natural gas is 70 or 80 percent below its all-time high—and when I give you these numbers, that’s without inflation. These are absolute numbers. So chances are, natural gas is going to have a better future than oil. Or it may not. Who knows?
In agriculture, the ones that are really depressed would be the place to look. For instance, sugar has quadrupled in the last few years, but it is still 75 percent—or whatever huge number—below its all-time high. There’s also coffee and orange juice. All of this stuff is 70 to 80 percent below its all-time high. I’m not saying prices can’t go down, but if I were looking for things to invest in, that’s where I’d start to look.
in Index Universe
Related ETF`s: United States Oil Fund LP (ETF) (Public, NYSE:USO), iPath S&P GSCI Crude Oil Total Return (Public, NYSE:OIL), iShares Silver Trust (ETF) (Public, NYSE:SLV), PowerShares DB Agriculture Fund (Public, NYSE:DBA), SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
