Jim Rogers Thinks We're only in the Middle Part of the Gold and Commodities Boom

Jim Rogers is a big bull on gold miners and gold as well as other commodities.  There's no bubble in his sight on any of the commodities/real assets.

He thinks the winners in this printing press environment are commodities which he believes are in the middle of a secular boom.  Paper assets and the dollar are the losers in Rogers’ scenario of money printing while real assets win.

“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.”

He is even more optimistic about other commodities:

“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.”

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