Jim Rogers, long known as "The Commodities King," tells CNBC gold could cross $2,000 an ounce in the next five to 10 years.
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Thursday, October 7, 2010
Jim Rogers: Markets Soaring But the World Is Worse Off
Jim Rogers: 'Markets Soaring But the World Is Worse Of
Jim Rogers: 'Markets Soaring But the World Is Worse Off'
By 2012, the US will be overdue for another recession, Rogers says. He points out that the government can't quadruple its debt again. "We're going to have a serious problem the next time we have a slowdown," comments Rogers.
The investor believes a bubble is forming in the bond market. He is bullish on rice and sugar and still believes agriculture has a wonderful future for the next 5-15 years.
"Gold is going to go a lot higher over the next decade," says Rogers. He wouldn't sell his US dollars right now, as everyone is pessimistic on the dollar. "I have found in life, it's better to be a contrarian than not be," Rogers says.
"If the world economy gets better, I'm going to make money in commodities. If the world economy doesn't get better, I'm going to make money in commodities because they're going to all print money."
Printing money, Rogers argues, is the wrong thing to do. He expresses how dead wrong Fed chairman Ben Bernanke has been. According to Rogers, the best opportunities now lie in commodities.
Jim Rogers: 'Markets Soaring But the World Is Worse Off'
By 2012, the US will be overdue for another recession, Rogers says. He points out that the government can't quadruple its debt again. "We're going to have a serious problem the next time we have a slowdown," comments Rogers.
The investor believes a bubble is forming in the bond market. He is bullish on rice and sugar and still believes agriculture has a wonderful future for the next 5-15 years.
"Gold is going to go a lot higher over the next decade," says Rogers. He wouldn't sell his US dollars right now, as everyone is pessimistic on the dollar. "I have found in life, it's better to be a contrarian than not be," Rogers says.
"If the world economy gets better, I'm going to make money in commodities. If the world economy doesn't get better, I'm going to make money in commodities because they're going to all print money."
Printing money, Rogers argues, is the wrong thing to do. He expresses how dead wrong Fed chairman Ben Bernanke has been. According to Rogers, the best opportunities now lie in commodities.
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