I own commodities because there are serious supply problems facing the world in commodities. If the world economy gets better, wherever it gets better prices are going to get higher because of the shortages. If the world economy does not get better I would rather own commodities because governments are going to print money. They will print more money, and throughout history when governments have debased currencies, when they have printed money, the way to protect yourself and to make money is to own real assets.
Related: United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold Trust (ETF) (NYSE:GLD), iShares Silver Trust (ETF) (NYSE:SLV)
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.