More Videos
- Maine Caucuses a Chance to Right the Romney Ship
- Greek Debt Saga Back on Center Stage for Markets
- Greece Now Struggles to Overcome Mistrust
- China President-in-Waiting to Sample Slices of America
- MF Global Trustee Sees Shortfall of $1.6 Billion
- Iran to Announce 'Very Important' Nuclear Progress
- We're Not Greece: Italian Prime Minister Monti
- UK Police Arrest Five at Murdoch's Sun Newspaper
- Private Homebuilders in the US: Dead Men Walking
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Maine Caucuses a Chance to Right the Romney Ship
- Greece Warns Bailout Rebels of Unknown, Dangerous Path
- UK's Cameron Calls for Truce on Bonuses
- Greek Debt Saga Back on Center Stage for Markets
- How Rescuing Greece Could Destroy the World
- How to Date a Wall Street Man
- Warren Buffett's 5-Minute Plan to Fix the Deficit
- Dividend Payout Could Hit Record Amount This Year
MOST POPULAR
HOT ON FACEBOOK
Dollar's Days Numbered; Buy Commodities: Jim Rogers
Text Size 
Commodities are one of the only viable investment opportunities left and are set to rebound as demand problems take hold, while the outlook for the dollar is bleak, famed investor Jim Rogers said Friday.
 |
Sharon Lorimer Jim Rogers talks commodities at the World Money Show in London. |
The greenback faces serious devaluation as spiraling national debt and a worsening economic crisis undermine it, he said.
America's growing debt problem is "out of control" and Federal Reserve Chief Ben Bernanke's strategy of printing money is a "terrible policy," he said.
Bernanke "does not understand economics, he does not understand markets … he is going to run those printing presses until we run out of trees," he added.
Commodities 'Through the Roof'
Despite the recent massive declines in oil and other commodities, the asset class is in a bull market caused by ever tightening supply, according to Rogers.
“When supply goes down and demand goes up, that’s a bull market," Rogers said.
"By the time we get to the end of this bull market, commodities will be going through the roof," he said.
"The only place I know where the fundamentals are unimpaired is commodities," he added.
Nearly every oil-producing country has declining reserves, Rogers said. Rogers highlighted Africa as being a key continent for oil exploration going forward. He also speculated that a commodities bull run could last until 2020.
Rogers warned investors against putting money into bonds, saying that would be a "terrible place to invest for a long time to come."
"Stocks at best are going to continue in a big trading range," he added.
The dollar is going to have "serious problems down the road," Rogers said, adding that he is using dollar rallies as opportunities to get out of the currency.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
