Renowned American investor Jim Rogers has attracted global attention with his prediction that gold prices will fall to $900 an ounce. His words carry weight not just because of his years in the industry, but because two years ago the retired hedge fund manager, who co-founded the Quantum Fund with George Soros, correctly said that gold – then hitting peak prices – would drop to $1,200 an ounce.
Gold, he repeatedly warns, is not a mystical commodity and its real bottom will not be reached until those investors who think it cannot fall have all left the market.
Mr Rogers is on a mission to convince the investment world to look seriously at agriculture. He explains to Elaine Moore why he thinks it will be a source of profit for years to come.
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