Quantum Funds Co-Founder Jim Rogers On Gold, Russia-U.S. Proxy War, U.S. Dollar

I will tell you, the whole Middle East situation is unbelievable. I cannot think of many times in history where you have so much just pure, pure chaos by so many people. I mean, it’s not as though there are one or two people making mistakes in the Middle East, there must be a dozen people making mistakes in the Middle East, and unfortunately, they are coming together more and more.

I’ve got to sit down and figure out how this is going to end, because it looks like it could end in a very, very bad way for all of us. Wars start when bureaucrats make mistakes and then other bureaucrats react to those mistakes and then next thing you know, you have eight or ten bureaucrats sending 18 year old kids to kill each other, and it’s very worrisome what’s happening.

Having said that, to answer your question, war is not good for anything, anything at all, except commodities. I’m not going to say buy commodities because you don’t want to start a war, but if there’s going to be a war, it usually means commodity prices go higher.

- Source, Midas Letter