Jim Rogers on CNBC - 25 March 2010 Commodities More Attractive Than Currencies
Jim Rogers : "Two biggest bubbles in the world" right now , US Treasurys and Chinese real estate:There's no question that the United States government's long bond is a bubble.In particular, Hong Kong real estate is nuts,"
Bailing out Greece is a mere band-aid to a much larger problem facing Europe. Jim Rogers, chairman of Rogers Holdings and author of 'A Gift to My Children' explains to CNBC's Anna Edwards and Chloe Cho.
"All governments around the world are debasing their currencies," Jim Rogers says
"There may come a time when we all have to have all of our money in real assets."
"I certainly own gold," he said. But he pointed out the precious metal's "extremely strong" moves since 2009: "Anything that goes up that far that fast should consolidate and rest."
"I like to buy what's cheapest. Silver is cheaper than gold, on a historical basis; natural gas is cheaper than oil."
"We see more and more speculation in oil and gold. And in these times, it's usually best to step back and let others speculate."
With paper currencies so unstable at the moment, commodities is the way to go. Which ones? The cheapest, says Jim Rogers, chairman of Rogers Holdings and author of 'A Gift to My Children'. He mentions silver and others with CNBC's Anna Edwards & Chloe Cho.
The value of the renminbi is set to surge over time, says Jim Rogers, chairman of Rogers Holdings and author of 'A Gift to My Children'. He tells CNBC's Chloe Cho & Anna Martin why he believes the U.S. leave China alone.
