Water & All Supporting Services
Everyone needs to drink water. Period.
Jim Rogers on the Dangers of Price Inflation, the Promise of Commodities and America's Continued Decline
Sunday, April 03, 2011 - with Anthony Wile
Comments on water:
Daily Bell: Any comment on water shortages? Is potable water the next big investment?
Jim Rogers: I don't know if we discussed water last time but I have discussed it many times. There are huge shortages of water developing. We have wars developing east of the Red Sea over oil, and we are going to have wars west of the Red Sea over water. Northern India has a staggering water problem and so does northern China. Southwestern part of the US has big water problems. If you can find a way to invest in water, you are going to be extremely successful and rich.
You shouldn't own water, though, because if you own water the politicians are going to snarl and sneer and say you are capitalizing on God's-given-right to water, you filthy capitalist. If you are lucky, they will hang you in the public square. If you are unlucky, it will be worse. But if you can transfer water or clean water or provide water, they will build a monument to you in the public square, and you will be extremely rich.
The Daily Bell Afterthoughts:
Jim Rogers is in fine form in this interview. We believe it is easily the best interview we've done with him in the sense that he was unusually frank and forthcoming and made some points that we have never read anywhere else, especially about water and how to invest in it.