Emerging Markets, Currencies, Commodities

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The Economic Times

     

ET Now caught up with Jim Rogers, chairman, Rogers Holding, for his views on emerging markets, currencies and commodities, among others. Excerpts:

Are you still bullish on rice and silver?

I still own my silver. I am not sure if I would buy it today as it has gone up so much so fast, but I am not selling it and if it goes down, I will buy more silver. Likewise for the rice, if rice goes down, I will buy more rice. So both the silver and rice have a great future for the next few years.

The second highest price of oil the market has ever seen is likely to be seen in 2011.

Well, we are possibly going to see some of the highest prices we have ever seen in many commodities in 2011. I am not very good at market timing and I certainly cannot tell you which ones and when. You should watch ET Now if you want to get market predictions who is going to be the best and when. You have people on everyday who can answer those kind of questions, but I am still very optimistic about all real assets, commodities. We have shortages developing of everything and that is going to continue.

Let us talk about sugar because there is a big disparity between Indian sugar prices and NY bought contracts. Do you see Indian sugar prices now tracking the New York values in the short-to-medium term or vice versa?

Well, I know the shortages of sugar developing in the world. Sometimes Indian markets are a little bit distorted because your politicians have a peculiar view of how the world should work. The shortages are going to continue and go higher over the next several years. With the shortages developing, whichever sugar you own you are going to like money over the next few years, may be not today because it just made new highs, new 30-40 year highs, but do not sell your sugar.

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Jim Rogers has taught finance at Columbia University’s business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.

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