Rogers: Gold to $2,300, Oil to $200

Wednesday, October 14, 2009 12:09 PM

By: Forrest Jones

Demand for commodities will outstrip supply during the next two decades and will fuel a rally for raw materials, says investment guru Jim Rogers.

Gold could hit $2,300 an ounce, which would allow the precious metal to break a record when adjusted for inflation.

Oil could hit somewhere between $150 and $200 a barrel.

“I don’t see any adequate supply situation in any commodity market over the next decade or two,â€