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Jim Rogers: Crude Oil: If Anything Makes It Go Down, Buy It
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
The latest from Jim Rogers, author of A Gift to My Children: A Father’s Lessons for Life and Investing and Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market.
The surprise with oil is going to be how high it stays and how high it goes. We are running out of known reserves of oil. There may be a lot of oil in the world. If there is, we just don’t know where it is. So prices are going to stay high and go much higher.
If America goes to war with Iran, they are going to skyrocket. If there is a big surprise, if Spain suddenly goes bankrupt out of the blue, then oil prices will collapse. If the prices collapse, I would suggest you to buy more. If there is anything that makes it go down, I would suggest buying it because until we find a lot of oil, prices will stay high and go much higher. – in ET.com
Related: United States Oil Fund ETF (USO), Conoco Phillips (COP), Exxon Mobil (XOM), Marathon Oil (MRO)
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.
via jimrogers-investments.blogspot.com
2012-09-05 16:00:26
Source: http://silveristhenew.com/2012/09/05/crude-oil-if-anything-makes-it-go-down-buy-it/
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