Jim Rogers - CNBC Interview - 03 January 2012

Legendary Investor Jim Rogers, CEO and chairman of Rogers Holdings, tells CNBC Europe that 2012 will be a better year than 2013 because it is an election year in the United States as well as in some European countries like France , and that the markets will do well this year as governments around the world spend and print a lot of money which is a horrible mistake because the payback will come in 2013

I dont pay attention to Charts

Jim Rogers : Well, see you know all of these things about charts. I don’t know all this stuff. I don’t pay attention to them. But it certainly scared them in the 1970’s when gold went down 50 per cent, I guess it broke all the charts and scared everybody and they sold out. All it would mean is that some speculators were dumping their gold or losing their faith. Right now we’ve got a lot of correction in the commodities markets because MF Global went bankrupt and there’s a lot of forced, artificial liquidation but liquidation is liquidation whether it’s artificial or not. And that’s what happening. If gold went to $1200, it might just mean that – that there was forced selling. - in The Street

The best commodity to play China ?

Jim Rogers : Any of them, all of them. The Chinese need everything. They have 1.3 billion people and they all want to live like you, and so you know everything: cotton, wheat, oil, everything.- in The Street.com

2013 is definitely going to be a very bad year in the U.S. and in the world

Jim Rogers : You know 2013 if we last, if we make it to 2013, 2013 is going to be worse. There´s an election in America in 2012. The government is going to extend as much money as it can to win the election, and the people who get that money are going to be better off because there´s a government who throws billions of dollars out into the economy. Somebody´s got to get that money. But those people and their friends are going to be better off. But the overall situation continues to get worse because the debt goes higher and higher and higher, and the rest of us ultimately are going to be worse off. And certainly by 2013 when all of that extra spending for the election stops, 2013 is definitely going to be a very bad year in the U.S. and in the world.- in El Economista

I am most optimistic about Agriculture it is extremely depressed

Jim Rogers : Well, I´m not selling my precious metals, my own precious metals. I´m just expecting them to continue to correct, and if they correct I´m going to buy more. The lower they´ll go the more I buy more and more. But I´m most optimistic about agriculture. Agriculture is extremely depressed on an annual basis. We have shortages of everything developing. Many farmers are very old. The average age of a farmer is 58. In Japan the average age of farmers is 66. In Australia the average age is 58. I mean we´ve had our share of serious, serious problems in agriculture very serious shortages developing. Agriculture is going to be one of the most exciting areas of the world economies in 10, 20, 30 years. - in El Economista

It would not surprise me if Gold went down to $1,300, $1,200

Jim Rogers : ...Melissa, I'm a terrible market timer. I'm a terrible trader, so you should watch your show or cnbc to get good prices. it would not surprise me if gold went down to $1,300, $1,200. if it goes that low, i will buy a lot more. i'm not selling any of my gold or silver but I'm not a good market timer. I'm just saying that gold has been up 11 years in a row. it deserves a substantial correction. substantial corrections are not unusual in bull markets. if it goes that low, i will buy a lot more. - in CNBC