Just this year, gold has hit record highs above $1000 per ounce, copper has nearly doubled and oil has rallied sharply off its March lows. So does Robers still believe in the commodity boom?
You bet. "The story is not over, not for a while," he tells Tech Ticker in this video clip. "I don't see any reason it's going to be over for a few years because no one is bringing new supply on stream."
The chairman of Rogers Holdings still owns gold though it's not his favorite metal. "Gold is mystical to many people. I think I'll make money in other commodities that are more useful."
Rogers is far more bullish on agricultural commodities. As he sees it, "most agricultural products are still depressed on a historic basis."
The lack of supply Rogers sees is especially concerning when it comes to agricultural products. "A catastrophe is looming," he says. "The world is going to have a period when we cannot get food at any price in some parts of the world.”
A potential food crisis transcends money, but Rogers warning may still prove to be another great investment lesson. As he told us in parting, "instead of getting an MBA, get yourself a farming degree. You'll make a lot more money."
