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Rogers, the well-known investor and chairman of Rogers Holdings, told Yahoo! News that investors should stick with commodities since they have outperformed stocks.
Although Rogers still owns gold, it is not his favorite metal in which to invest. "Gold is mystical to many people. I think I'll make money in other commodities that are more useful," he said.
Rogers is a much bigger fan of agricultural commodities. "Most agricultural products are still depressed on a historic basis," he said. Rogers says the low supply of agricultural products is troublesome.
"A catastrophe is looming. The world is going to have a period when we cannot get food at any price in some parts of the world," he said.
Publishers released 3,277 cookbooks last year, up from 2,836 the year before, according to R.R. Bowker, a publishing research firm.
The most popular cookbooks are frequently from television chefs; in 2008, Food Network stars Paula Deen, Giada de Laurentiis and Rachael Ray authored five of the 38 best-selling cookbooks in the country.
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The Only Sure Thing We Know About Gold and the U.S. Dollar
By Jeff Clark Saturday, October 17, 2009 The Only Sure Thing We Know About Gold and the U.S. Dollar -
Money-Compounding Machines in India
By Rahul Saraogi Friday, October 16, 2009 Money-Compounding Machines in India -
The Federal Reserve Is Openly Telling You to Buy Gold and Silver
By Porter Stansberry Thursday, October 15, 2009 The Federal Reserve Is Openly Telling You to Buy Gold and Silver -
What I Learned Inside the Vault
By Dr. Steve Sjuggerud Wednesday, October 14, 2009 What I Learned Inside the Vault -
Two Ways to Profit on a Huge New Currency Trend
By Tom Dyson Tuesday, October 13, 2009 Two Ways to Profit on a Huge New Currency Trend
Why Cash Just Became My Favorite Investment
By Tom DysonMonday, October 19, 2009
Each month, the Federal Reserve calculates and reports the total amount of consumer credit outstanding in America. This is the money Americans have borrowed to pay for cars, vacations, education, and refrigerator-freezers at Wal-Mart.
When this number rises, it means credit is easy and Americans are in consumption mode. They're buying SUVs, houses, flat-screen TVs, granite countertops, and stainless-steel appliances. And they're borrowing money to make these purchases – often using credit cards – so they're not worried about finances.
When this number falls, Americans are in thrift mode. They prefer saving money and paying off debt to shopping at the mall and going on vacation.
Despite the improvement in the economy and the bounce in the stock market, the American desire to save money seems to be getting stronger...
In the last year, American consumers have reduced their outstanding debt by more than $100 billion, according to the Federal Reserve's data.
In July, Americans reduced their consumer debt by $21 billion... the sixth monthly decline in a row and the largest monthly drop in borrowing ever recorded.
The report for August came out earlier this month. It showed American consumers paid back another $12 billion of their outstanding credit, the seventh monthly decline in a row. At this rate, Americans will have paid off 13% of their outstanding credit-card balances by this time next year.
Not only are Americans paying off debt, but they're saving more money...
Each month, the St. Louis Fed publishes America's savings rate. This is the percentage of disposable income Americans choose not to spend.
In 2005, the personal savings rate fell to less than 1%. This year, it has averaged 4.1%. The last time it averaged more than 4% for the year was in 1998.
Here's the thing: While demand for cash in America soars, investors have been dumping it from their portfolios as if it were venom...
This year, cash has fallen...
60% in terms of Russian stocks
55% in terms of lead
53% in terms of coal
50% in terms of copper
40% in terms of Internet stocks
33% in terms of sugar
17% in terms of gold
16% in terms of the S&P
13% in terms of cotton
The terrible sentiment and Americans' new attitude toward saving make cash the most contrarian investment opportunity in America right now.
In tomorrow's essay, I'll show you one of my favorite ways to invest in cash...
Good investing,
Tom
NEW HIGHS OF NOTE LAST WEEK
Royal Dutch Shell (RDS/A)... Big Oil
Anadarko Petroleum (APC)... Medium Oil
Gulfport Energy (GPOR)... Small Oil
ENI (E)... Italian Oil
Total (TOT)... French Oil
Petrobras (PBR)... Brazilian Oil
PetroChina (PTR)... Chinese Oil
Suncor Energy (ECA)... Canadian Oil
StatOil Hydro (STO)... Norwegian Oil
Gran Tierra Energy (GTE)... Columbian Oil
National Oilwell Varco (NOV)... oil rigs
Noble Energy (NE)... oil drilling
Halliburton (HAL)... oil services
Schlumberger (SLB)... oil services
Occidental (OXY)... oil & gas
S&P Oil & Gas ETF (XOP)... oil stock fund
Enbridge Energy (EEQ)... oil pipelines
Buckeye Partners LP (EPL)... pipelines
Boardwalk Pipeline LP (BWP)... pipelines
BHP Billiton (BHP)... diversified mining
Goldcorp (GG)... undiversified mining
Silver Wheaton (SLW)... silver royalties
ABB Ltd (ABB)... infrastructure blue chip
Harley Davidson (HOG)... motorcycles
Keegan Resources (KGN)... gold
Amazon (AMZN)... online retail
Apple (AAPL)... iPods and iPhones
Hewlett-Packard (HPQ)... computers
Google (GOOG)... search engine
eBay (EBAY)... online auctions
Visa (V)... everywhere you want to be
Gold, Crude oil
NEW LOWS OF NOTE LAST WEEK
Not many... it's a bull market!