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To: patron_anejo_por_favor who wrote (110377)3/16/2008 3:05:41 PM
From: TommasoRespond to of 306849
 
Hope you saw the CNBC Bartiromo interview with Jim Rogers; just closed my link to it or would paste it. Rogers is still saying the same things, just with increasing vehemence.

I have been reading in Roger Babson's "If Inflation Comes." It's a rambling account from about 1938-1945 (depending on edition), full of a lot of cranky notions, but also a lot of observed facts. The general message is that very few people really manage to make money on inflation, but that productive farmers and active and profitable businessmen tend to come out well. It may be that recently invented ETFS for food, oil, metals, gold gasoline, etc., provide a vehicle for ordinary investors. In Babson's time, gold was illegal for Americans and other commodities were not easy to store. Babson greatly underestimated the productivity increases that followed WW II.