Tags: Jim Rogers | Bet | Commodities | Any | Type | economy

Jim Rogers: Bet on Commodities in Any Type of Economy

Tuesday, 12 Jul 2011 08:26 AM

Jim Rogers, CEO and chairman of Rogers Holdings, advises investors to buy commodities regardless of what the economy is doing and says that regulators are largely clueless.

"If the world economy gets better, I earn money on commodities. If the global economy gets worse, then they will print more money and I will make money in commodities," Rogers told CNBC.

Because commodities have been marching lock-step with the U.S. dollar, Rogers says he’s also long the dollar now.

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Jim Rogers
(Getty Images photo)
"In five years, I may not be not be long the dollar but I am now. The dollar and commodities do not have to move in correlation despite what you see on CNBC,” says Rogers.

In addition to being long on commodities and the dollar, Rogers says he’s “short U.S. technology, one major US bank and emerging markets.”

Rogers is also massively short financial regulators, especially Italian regulators, who want to introduce more disclosure for short sellers, and all those who want to bail out Greece.

"These guys don't have a clue, that's why they work for the government instead of in the real world," says Rogers.

"Aren’t European voters getting fed up?” Rogers asks. "Why should good, honest Dutchman or Austrians who’ve been saving their money and haven’t done anything wrong have to pay bills for some Greeks sitting on the beach?”

“It just doesn't make sense to me. It isn't moral, it isn’t good economics it’s absurd."

The Wall Street Journal reports that the Italian government debt is 120 percent of GDP. History shows that above 80 percent tends to be unstable, often leading to default.

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Jim Rogers, CEO and chairman of Rogers Holdings, advises investors to buy commodities regardless of what the economy is doing and says that regulators are largely clueless. If the world economy gets better, I earn money on commodities. If the global economy gets worse,...
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