Famed investor Jim Rogers is betting everyone else is wrong about the euro.
"When no one wants something that should be a signal to buy it," Rogers told the U.K. Telegraph. "Everyone has been selling the euro, so I bought some, if only for the rally."
“This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally.”
Generally, Rogers believes paper money is flawed. “Nearly every currency in the world is flawed, the euro just happens to be less flawed than others,” he says.
Rogers also likes silver and sugar, both of which are way below their all time highs.
“Silver is about 60 percent off its all-time high," Rogers notes, adding that sugar prices are nearly 75 percent off their all-time high, and coffee prices are depressed as well.
“Farming is one of the few areas I am optimistic about,” Rogers says. “Agriculture has been a horrible business to be in for the last 30 years but I see some good opportunities there as the world demands more food.”
Rogers advises investors who don't feel confident enough to buy individual commodities to invest by buying an index or ETF that tracks commodities.
According to Bloomberg Business Week, sugar output in India, the world’s largest user, may be more than a government forecast because of an increase in the area planted to cane, with production reaching 25 million metric tons.
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