Wednesday, April 05, 2006 6:37:44 PM
So last week I was at this investment conference at the university of Dayton Ohio, 1500 of the best and brightest rising stars in the economics and financial world were listening to keynote speakers and presenters such as the cheif invesment office for Merrill lynch who is sometimes seen on CNBC, as well as other very prestigous individuals. One of the gentleman was Jim Rogers, for those of you who dont know who he is, he is a famous investor, ran the quantum fund in the '70s and retired at the age of 37, and has just invested since then. He is famous for his out of the box thinking and old school economic reasoning. He opened his presentation saying that the debt structure (bonds) is poised for the destruction, the U.S. stock market is crap, and the only way to make money in currency is to short the Dollar with every other world currency because he said in a few years the dollar will be worth literally $0!! He said commodities is the way to go, and not only silver, but in my opinion, silver will rock once the silver ETF is formed, but he didnt get specific on what commodities, he just said commodities in genereal, learn them and that is where the market is going.
Though I dont agree with his over exuborant bearishness I definetly think commodities are hot, and I have no agricultural background, just finance, and economics, and this company is seemingly innovative in terms of found reserves. I think this is an excellent long term play.
Sorry for all the typing here, but best of luck to everyone!
All in my own Opinion, Not a Recommendation!!! But let's try to make some money!
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