As central banks continue to print money, it is vital that investors own real assets like silver, rice or natural gas, says Jim Rogers, chairman of Rogers Holdings. He speaks to CNBC's Maithreyi Seetharaman, Chloe Cho & Yousef Gamal El-Din about his investment strategy.
Comments from Rogers:
Comments from Rogers:
On US FED
"I'd rather have the Europeans running the U.S. central bank than the people running the U.S. central bank, least they know how to try to build for the future, In America, Bernanke just says we'll print more money, we'll spend more money, even though the United States is now the largest debtor nation in the history of the world."
"The things that have worked in the past... will be you go bankrupt then you re-organize and you start over. You have a painful period for awhile, and then you start over. This has been done in the past 3 or 4 thousand years, and that's the way you do it. Trying to push the problem out to the future, and printing money, we just had another example here in the U.S., it didn't work and it's not going to work."
On Gold
"I expect there to be hysteria in the precious metals markets in 5 to 10 years. Right now, very few people own gold, and I can hardly call something a bubble when very few people own it."
On Asia Economies
"There are 3 billion people in Asia, and most of them had not had a very good standard of living in the past 100 or 200 years. That's changing and changing very rapidly. They're going to eat more, they're going to wear more clothes…so agriculture is going to do very well."
