Jim Rogers and Doug Casey: Two Must Read Authors for Any Commodity Investor
- Jim Rogers: Commodity king
- Doug Casey: Master Speculator
- How to get started
I received an excellent question from reader Niko P. and I’d like to get right to it in today’s issue because I think the answers will be of interest to any commodity investor:
“Hello
Kevin,
Hope you are having a good day. I enjoy
your articles.
1) Do you have any favorite books on
commodities investing? I realize that is broad, but I would be
interested in any books you like on the subject of commodities
(e.g. futures, ETFs, metals, agriculture, mining stocks, etc.)
I have not been able to find a list of commodity books that people
consider must reads. Any books you could suggest even if they are out of
print would be appreciated.”
Jim Rogers is the undisputed king of commodity investing. Over the past 40+ years, he’s had as much success investing in commodities as anyone. He’s also a great investor in general, and the things you learn from reading his books and listening to him speak will help you become a better all-around investor.
I’d recommend reading any of his books you can get your hands on.
But the best one to read to learn about commodity investing is his book “Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market.”
I’d recommend reading his book front to back if you’re new to commodity investing. If you do, you’ll be better prepared to understand commodity markets than 99% of other investors. That’s a competitive edge you can’t put a dollar value on.
I’d also recommend picking up his two world traveler/investor books, “Investment Biker: Around the World with Jim Rogers,” and “Adventure Capitalist: The Ultimate Road Trip.”
These other two books aren’t commodity focused, per se, but they definitely helped me put my mind in the right place to think about the global nature of commodities. And they’re just darn good books.
Another must-read for commodity investors is a book written by my former boss, Doug Casey, titled “Crisis Investing.”
As far as I can tell, this book is out of print. But there appear to be a few copies knocking around on Amazon.
In addition to some insightful commentary on markets, government and monetary systems, Doug Casey gives a tutorial on how to evaluate speculative resource companies with the potential to multiply your initial stake many times over.
If you’re interested in that kind of high-risk, high-payoff opportunity, definitely pick up a copy of his book.
Not to oversimplify the fine work that these two authorities have done, but the overarching theme of both of their life works is based on the idea of cyclicality in world markets.
There are long stretches of time when stocks outperform commodities, and conversely, long stretches when commodities outperform stocks.
There’s also a tendency for world governments to spend beyond their means.
Right now, these two trends are occurring all at once. Commodities have outperformed stocks for at least a decade. World governments are actively devaluing their currencies as fast as they can.
Being a commodity investor today means that you have the wind at your back. Demand for real assets will not diminish, and at the same time, supplies of nearly ever commodity are dwindling. Central banks exacerbate the problem by throwing ever-greater amounts of money at these problems. It’s slowly but surely becoming a perfect storm.
And the only lifeboat that shows any signs of surviving is the 'SS' Commodity.
I hope you’re ready to get on board. Reading the books I’ve mentioned will tell you how.
And if you’re interested, you can click here now to take a risk-free trial to our research service Global Commodity Investing, for specific details on how to invest today.
Good investing,
Kevin McElroy
Editor
Resource Prospector
disclosure: long gold and silver
