NEW YORK (Commodity Online): Rising food prices could create widespread social unrest and turmoil across the world, according to legendary investment guru, Jim Rogers.
He is expecting food inflation to intensify and views agricultural commodities to be one of the most profitable investments.
Jim Rogers, who co-founded Quantum Fund with George Soros said, "Agriculture prices are still, on a historic basis, extremely depressed, and in my view I'll probably make more money in agriculture than other things," said Rogers, The Australian reported.
He is expecting widespread social unrest and turmoil around the world and believes that it is inevitable that prices will go higher because only higher prices will attract more people to farming.
“I fully expect more social unrest in the world”
“Prices have to go a lot higher to attract capital and labor and management into agriculture or we won't have any food -- all the farmers are going to die, and then what are we going to do?
It will slow growth but some people are going to benefit -- Brazil's booming, Canada's booming, Australia's booming, you're going to see some people benefit and some people suffer, that's the way the world works”, says Rogers as reported in moneynews.com
