Skip navigation
Commodity Stocks Video Gallery
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil is likely h...
“China is very important because it’s the fastest-growing country in the world in terms of oil demand,” Neil Atkinson fr...
“There is a danger that (asset bubbles) is the way we are going,” Derek Halpenny from Bank of Tokyo-Mitsubishi UFJ told ...
Lundin posted a forecast-missing third-quarter profit after an unsuccessful exploration in Venezuela. “Our exploration p...
The price of oil needs to be close to current level in order to fund investment in the industry, but there is a risk of ...

Current DateTime: 03:39:34 11 Nov 2009
LinksList Documentid: 24355697

FEATURED QUIZZES


Current DateTime: 03:39:34 11 Nov 2009
LinksList Documentid: 33793611
  • The Billionaire BFF's

      These billionaire's have led undeniably exceptional lives. In the following quiz, can you tell which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?

  • Think You Understand Markets?

      We've selected some questions from the Financial Industry Regulatory Authority's test of investor knowledge. See how you do ...


Current DateTime: 03:39:34 11 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
Dollar's Days Numbered; Buy Commodities: Jim Rogers
By: Robin Knight, Assistant Producer | 14 Nov 2008 | 09:52 AM ET
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.

Jim Rogers
Sharon Lorimer
Jim Rogers talks commodities at the World Money Show in London.

The dollar's days as the world's reserve currency are numbered, Rogers said at the World Money Show conference 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.

© 2008 CNBC.com
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Bernard Madoff's Baseball Jacket
  • Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
  • US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
  • An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
  • Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
  • The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
  • Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
ADD COMMENTS
Remaining characters


Current DateTime: 03:37:26 11 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:07:54 11 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:54:07 11 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:49 11 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters