The fundamentals for commodities were not affected by government policies that are propagating inflation, Jim Rogers, CEO of Rogers Holdings, told CNBC Wednesday.
"I bought more agriculture this week," Rogers told "Squawk Box Europe." "What's happening is that there will be less supply of everything if we ever come out of (the credit crunch). Nobody can get a loan for a zinc mine or, long term, increase crop production."
If history is any guide, things to buy are things that are doing fine right now like water treatment companies in Asia or agriculture, Rogers added.