Quote

The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.

Jim Rogers

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Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Buying
Price
Futures
Piece
Commodities
Paper
Bankrupt
Pieces
Intangible
Says
Commodity
Company
Invest
Never
Zero

More quotes by Jim Rogers

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Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.
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If you want to be lucky, do your homework.
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.
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If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.
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Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.
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The first loss is the best loss.
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.
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When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.
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I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
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Right now I own shares of companies in 28 countries.
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I was poor once, I didn't like it, I don't want to be poor again.
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I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.
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You will never get anywhere if you do not do your homework.
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Most successful investors, in fact, do nothing most of the time.
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I haven't met a rich technician
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The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.
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Lady Luck smiles on those who continue their efforts
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Historically, there has been a bull market in commodities every 20 or 30 years.
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