Want to make money in the stock market? For investor and commodities bull Jim Rogers, "you have to own silver, you have to own rice, you have to own real things if you’re gonna survive," he told CNBC Tuesday.
The CEO of Rogers Holdings also owns gold, which after 11 years of rising has been "consolidating" for the past three months. "I hope it continues to consolidate. I hope it goes down so I can buy more," he said.
Elsewhere, his strategy is to be short in U.S. technology stocks, emerging markets and European stocks, and be long on commodities, "because if the world economy gets better, I’m going to make a lot of money in commodities," he said.
He also owns currencies including the Japanese yen, the Swiss franc, the euro and even the U.S. dollar, which while "not a safe haven" is nevertheless where investors go in times of turmoil, he said.
"There’s lots of currency opportunities in the world," he added. "There’s plenty of ways to protect yourself."
He said the United States is a bigger debtor nation than Europe, when taken as a whole. Europe has "individual countries that are involvent...but they're in much better shape" than the U.S., with several insolvent American states.
But he is avoiding Europe as he waits to see what the European Union leaders announce after their meeting Wednesday.
The Europeans will "announce some good things and everybody’s gonna feel better for a while," he said. "Eventually, people are going to say wait a minute, things are worse than they were before. The problem of too much debt is not solved by more debt. That’s ludicrous."