Jim Rogers (who has been covered by CB in a post on 12/11/09)  made another appearance on CNBC last Friday and had the following to say:

(1) Rogers owns oil, but would not buy or sell it at this time.  In the long run, he believes that the price of oil will continue to increase due to the declining world reserves.

(2) At present, Rogers prefers to invest in commodities to equities.  He believes that if the economy recovers, then both commodities and equities will increase.  However, if the economy doesn’t recover, then commodities will continue to increase due to the “money printing” measures that would be used, while equities would drop significantly.  Rogers recommends agriculture primarily due to: (a) food inventories being at their lowest level in decades and (b) farmers experiencing difficulties receiving loans for fertilizers, thus increasing the potential for a future food shortage.  Certain commodities that he believes are cheap are silver, cotton, coffee, and palladium.

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