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Showing posts with label Rogers. Show all posts
Showing posts with label Rogers. Show all posts

Wednesday, August 4, 2010

Commodities - Wheat Soars; Rogers Sees 'Much Higher' Food Prices - CNBC

Commodities - Wheat Soars; Rogers Sees 'Much Higher' Food Prices - CNBC

The July rise in wheat prices, the fastest in 51 years, indicates that shortages in agriculture are coming, Jim Rogers, chairman of Rogers Holdings, told CNBC.com Tuesday. ...

"That's the straw that broke the camel's back,"

"We're going to have much, much higher prices over the next few years,"

"Be prepared, if you have a sugar bowl home go fill it up because it's going to be more expensive,"

"Prices aren't high enough and most people don't believe it,"

"Unless prices are high you're not going to attract people in the business. Eventually people will go into farming again but it's going to take a while."

"It's all happening at a time when governments are printing more money… it's a very dangerous situation,"

"When you print money, it's got to go in a place where it can protect itself, and that's real assets,"