If anyone has any doubts over recent spike of crude oil price to the all-time high of over USD139 per barrel, read this book. Written by no other than the commodities guru Jim Rogers himself.
His insight is purely based on the supply and demand of the world crude oil reserve and reasons why we should invest our money in commodities, especially in crude oil. According to him, no major elephant oil fields have been discovered over these years in the world. This is coupled with huge energy demand from China and the rest of the world.
According to him, if the world is experiencing recession or economy downturn, or bear market in equity, it always coincide with the commodities bull market. He believes there could still another 10 years or more for the bull in the commodities market.
Jim Rogers also reasons why we should invest directly in commodities itself and not the company that link to the underlying commodities in order to get a better returns.
Sometimes I wonder whether the recent sharp increase in the crude oil price is due to the speculators and fund managers who take Jim Rogers advice and hedge their investment in crude oil futures.
Believe this guy. He knows what he is talking about.
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