Earlier today, Jim Rogers talked to Bloomberg’s Nina de Roy in London about the outlook for global markets and his investment strategy for agriculture, gold, currencies and U.S. treasuries.

Investment Strategy

If you want to know what I’m doing now, I’ve been buying the yen, as I’ve talked about on Bloomberg before. I’ve been buying commodities, especially agriculture. I’m selling short the United States long-bond, the long-term government bond. Buying some Swiss francs. A little bit of China. A few Chinese shares, a few Taiwan shares. And I’m watching. It’s an interesting time.

Commodities Outlook

Historically, what comes out of periods like this, and lead the new market, will be the things where the fundamentals are unimpaired. The only things where the fundamentals are unimpaired right now are commodities. I mean, fundamentals for commodities are being improved by all of this… So if you want to make money, you buy the things where the fundamentals are still good and positive, and that’s how you make money…

The world’s certainly in recession, and there is a cyclical slowdown. But the secular supply is being damaged even more. Your not going to be able to get any— farmers cannot get loans to expand. Nobody’s going to give you money to open a zinc mine in the next decade. So when we come out of this cyclical decline, you’re going to have even less supply, and the bull market in commodities is going to resume, and that will be the best place to have money.

Gold

I have gold. If gold goes down, I’ll buy more. If it goes up, I’ll buy more. Gold is in a bull market, which has got years to go. But I expect to make more money in agriculture, Nina, than I do in gold. But I own it. Bought some yesterday, as a matter of fact.

You can view the 12 minute 44 second Bloomberg interview here.

Source:

Jim Rogers Interview
Bloomberg, October 24, 2008

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