What does war on the Korean peninsula have to do with the price of palladium? According to billionaire Jim Rogers, everything.
Rogers—who made his fortune largely by investing in commodities—tells the Economic Times that the specter of war between the two Koreas will drive up the price of commodities, making them an attractive investment.
That’s not to say that investors should be cheering for a resumption of the Korean war, though. Rogers explains that the outbreak of peace could be just as profitable.
“In my view, the thing to invest in is commodities because if there is going to be war, it is always good for commodities and if there is no war, then commodities will rally like everything else.”
He suggests palladium, platinum, rice, natural gas, and silver.