Jim Rogers: Buy Euro and Real Assets
Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, Jim Rogers, chairman of Rogers Holdings, told CNBC Thursday. The only big bull markets Rogers sees in the next decade is commodities and he suggests having real assets such as cotton, silver and natural gas for protection in these markets.
On Euro: Granted any Euro rebound is a technical rally, but it could turn into something more fundamental.
On using leveraging to trade commodity: it depends how much you know about commodity.
On British Pound: no position, but expect it go a lot lower.
On emerging market: I have been shorting emerging market.
On BP situation: I am not buying BP. I have it on my radar screen. Long term, it is good for oil price.
June 12, 2010
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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