Jim Rogers: Buy a farm

Farming will provide fertile ground to grow your portfolio over the long term, says investment guru Jim Rogers.

Jim Rogers, who toured the world on a motorbike and co-founded the Quantum Fund with George Soros, is one of the world's most outspoken investors. He also tends to call the big trends correctly: he became keen on commodities when the long-term upswing in raw materials began at the turn of the century, and short-sold equity sectors propelled by the American housing bubble a few years before it burst.

As an investor who has long been sceptical of central-bank money-printing and worried about inflation, he's still keen on gold for the long term. It is due a correction after rising for 12 years on the trot, he says, "which is terribly unusual for any asset. I expect gold to go down 50% from its peak." That implies a price of around $900. Rogers isn't selling gold and plans to add to his holdings once it's cheaper. It could take two years for gold to bottom, but "by the end of this decade, it will be much higher".

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