Invest in commodities now if you haven't because doing so will earn you a fortune, says investor guru Jim Rogers. Even though commodities prices have been volatile lately, and even though China and India may curb their red-hot demand for the assets, the long-term trend is bullish, Rogers tells CNBC.
"If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the places to be because they are going to print more money, and that's how you protect yourself.”
Oil, for example, will continue climbing and even though it might not hit $150 a barrel any time soon as some investors are predicting, it's still going up.
"We are running out of known reserve of oil — these are simple facts," Rogers says.
Others are saying stick with commodities also.
Assets such as oil and copper are doing particularly well despite cyclical ups and downs.
"This is the first time since the summer of 2009 that gold did not lead the commodity complex higher on a sustained basis, which highlights the substantial changes that have occurred in the global financial landscape in recent months as the U.S. economic recovery has shifted onto a much more solid footing," Goldman Sachs says in a report, according to Pragmatic Capitalism.
"This shift is central to our view for 2011, as we expect cyclical commodities to enter a bull market, augmenting the bull market in agricultural commodities that began in 2010."
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