Jim Rogers likes Commodities: Says No to Stocks
Jim Rogers recently spent an hour with Bloomberg. Key points from his interview:
- Stocks and Bonds are too risky and Jim wants to stay away.
- He likes commodities and specially agriculture, due to lack of farmers, farming and shortage of food and fertilizer.
- He thinks government should let banks go belly-up and stop flooding the market with dollars.
- Dollar is not a good currency to be in and neither is the Pound Sterling. He prefers the Yen and the Euro short-term, although according to Jim, the Euro will not be around in a few years.
- Commodity based economies will do well over the next many years. These include Canada, Brazil and Australia. He does not like India, Russia or Korea from an investment standpoint.
- Jim Rogers likes China as an investment opportunity.
- He prefers Silver to Gold in the short-term but likes all precious metals.
- Jim likes the prospects for Natural Gas.
You can watch his entire interview below:
If you like listening to Jim Rogers and want to read and hear from his philosophy and experience, I recommend reading A Gift to My Children: A Father’s Lessons for Life and Investing
– Faisal Laljee
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