Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy for commodities and the outlook for the Chinese economy. Rogers speaks from Singapore with Andrea Catherwood on Bloomberg Television's "The Pulse."
One of the arguments we heard from the stock market bulls over and over is that if the US economy does good, the stock market will do well; if the economy does not grow, then the central bank will keep on QE2 and pump money into the system, until we have inflation and economy growth, the stock will still do good.
Rogers uses the same argument on the commodities: if the economy does well, demand for commodities will go up so will their prices. If the economy does do not well, the central bank will keep on printing money and inflation will be out of control, the prices of commodities will still go up.
Can both the stock bulls and commodity bulls be right?
In particular, Rogers would wait for gold price to correct. He prefers silver and rice for the time being.
One of the arguments we heard from the stock market bulls over and over is that if the US economy does good, the stock market will do well; if the economy does not grow, then the central bank will keep on QE2 and pump money into the system, until we have inflation and economy growth, the stock will still do good.
Rogers uses the same argument on the commodities: if the economy does well, demand for commodities will go up so will their prices. If the economy does do not well, the central bank will keep on printing money and inflation will be out of control, the prices of commodities will still go up.
Can both the stock bulls and commodity bulls be right?
In particular, Rogers would wait for gold price to correct. He prefers silver and rice for the time being.
