Jim Rogers Interviewed by GoldSeek Radio

Legendary investor Jim Rogers was interviewed by Chris Waltzek of GoldSeek Radio a few days ago.  Here's a link to the audio interview, and it's also available on iTunes.

Jim begins on hour #2.

My notes from items that caught my ear:

• The producers of "real goods" are going to rule the world for the next couple of decades (farmers, etc)
• Has sold all of his emerging markets except for China
• If the world gets better, commodities will be the leaders - and if it doesn't, hard assets are still the place to be, because governments are printing money
• Still waiting to short the long-term US bond - it's the "last bubble" he sees
• Predicts double-digit interest rates in the future for US

More recent Jim Rogers coverage:

• Jim Rogers Interviewed in BusinessWeek
• Rogers Prefers Oil Over Gold Right Now
• Jim Rogers Believes World is Heading for Depression

Jim Rogers in BusinessWeek - April 14, 2009

Our favorite investor, Jim Rogers, was recently interviewed by BusinessWeek magazine - he's been in the media quite a bit recently, plugging his new book A Gift to My Children: A Father's Lessons for Life and Investing, which is scheduled to be released this Tuesday, April 28.

Here are a few of my favorite excerpts below - and you can read the whole piece on BusinessWeek.com.

On diversification:

"Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued [for making bad investment choices for clients]. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket."

On commodities:

"If the world economy is going to revive, commodities are going to lead it back up. If the world economy is not going to revive, commodities are still the place to be—especially with governments printing so much money. Look at the 1970s. The world economy was in the tank, but commodities did very well. We have supply constraints. Oil production is declining."

"The prices historically are still very depressed, compared with most other commodities. I bought all commodities recently, but I probably bought more agriculture than anything else."

More recent coverage of Jim Rogers:

• Jim prefers oil over gold right now
• An excellent 30-min TV interview from March, where he mentions he thinks the world is heading for a depression
• Rogers waiting to short US Treasuries - again

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Jim Rogers Prefers Oil Over Gold Right Now

Jim Rogers told Bloomberg News earlier this week that he prefers oil over gold right now, because of the potential supply overhang of the IMF threat to sell it's gold.

“The IMF is trying to sell its gold,” Rogers, chairman of Singapore-based Rogers Holdings, said in an interview with Bloomberg Television. “The IMF is one of the largest holders of gold so you’ve got this huge supply overhang.”

Further reading - more recent Jim Rogers coverage:

• Rogers believes the world is heading for a Depression
• Rogers still waiting to short US Treasuries