Jim Rogers, CEO of Roger Holdings, on investing opportunities in gold, silver and agricultural commodities
Jim Rogers : I am short equities I am long commodities because it looks to me the world economy is not going to get better and unless the economy is going to get better the equities are not going to do very well ...If the world economy gets better commodities well do well , but it looks to me like what's going on as the world economy is not getting better and so you have central banks around the world printing money , I think I am not the only one who recognizes what's going on as you may have noticed in the last several days commodities have done well and stocks have done badly I think that's going to continue for some time because we gonna see a lot more money printing.....
Jim Rogers explains that he does not believe that the world economy is going to get any better and that unfortunately the only solution the Central Banks know is that of printing more money..." I suspect to see slower economies in much of the world you're gonna see more money printing and the stock markets are indicating that as well as the commodity market ...in the west we had this gigantic amount of money which was spent trying to promote the market it worked for a while the economy got a little bit better at least for the people who received the money , they thought things were better , well now people are coming to realize that things are not better they are worse for most of us ....
I own gold I have no intentions of selling it especially given the scenario that I have outlined a minute ago of more money printing I have no idea what's gonna happen to gold , I think I will make more money in other commodities than I will in Gold ..well...Gold have been very strong , look at some of the things that are still very depressed I think that's where the opportunities are but i am not selling my gold , if it goes down a whole lot i hope I am smart enough to buy some more ...
If you have people who are insisting on precious metals tell them why do not you buy silver instead of gold , silver is 70 percent below its all time high and gold is near its all time high ! but other things like energy , look at natural gas , natural gas is far below its all time high , crude oil has been very strong for the past year or so , but I really think agriculture is the very best place to invest , because most agricultural products are fairly extremely depressed on any kind of historical basis ......
I still own my Euros I do not quite know what I am going to do with them , I have no intention of selling them you can ask me tomorrow or next week or next year , it will depend on how events unfold , but so far I am very pleased that I bought the Euro , once again not That I particularly know what I am doing but normally when you see market collapsing with great pressure it's time to buy them that's why I bought the Euro .......etc........this "transcript" is very approximate... not to be taken literally
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