Quantum Fund was founded by Jim Rogers and George Soros. They had an enormous success with this fund and had a yield of four thousand %. Since then Jim and George were considered as guru investors. Jim Rogers says that raw materials such as gold, silver, oil, sugar, coffee, orange juice and wheat are the future, which means that you can better invest in these raw materials than in stocks. Jim Rogers believes in these materials, it doesn’t matter what the evolution of the world economy is. If the economy goes up or down, the prices of raw materials will jump anyway, while shares only benefit from bull markets. Recently, the price of gold has been rising and rising, it reached peak after peak and yet Jim is still not selling his gold. What if this is just another bubble? There are also other interesting materials such as wheat, silver or sugar. These three are far below their historical peak and are likely to rally.
So Jim, we should invest in raw materials? No, don’t listen to me. You should only invest in the things you know and you don’t have to follow the markets or chase opportunities.
Is investing in raw materials a human investment? In my opinion it isn’t. It is possible that people in developing countries are not able to buy their necessary nourishment because of the fact that food prices are getting too high after all our speculations.
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BeantwoordenVerwijderenI agree with Jim's statements. I am also practically convinced that in the future non-renewable raw materials, such as fuels, will be the major influence in the economy.
BeantwoordenVerwijderenToday, almost everything is electronically controlled and communicated, but when we face huge problems we always get back to the 'old-style', to the style we know best. We will sit and discuss around a table and communicate without electronic equipment.
So I think when we get back to a safe 'old-style' investment, we leave the fair and we invest in raw materials.
Matthijs Vanrapenbusch