Rogers: Commodity price rises could topple governments

Soaring commodity prices could cause stock exchanges to temporarily shut, and even bring down governments as it leads to social unrest, says commodities guru Jim Rogers.

After natural resources such as copper and silver, but more particularly food items, surpassed previous highs in 2010, Rogers warns governments may topple as they are forced to close exchanges in an attempt to cool prices. Speaking at a conference in Chicago on Wednesday, according to CommodityOnline, Rogers criticised how some governments have handled the dramatic surges in price. Specifically he noted India as a nation that sometimes closed exchanges to dampen rising commodity prices. "Every time it happens, prices move higher and higher. That is the reaction of a simple-minded poli...