Jim Rogers' Favorite Country (Surprise: It's Not China)

How about Sri Lanka?

Yes, Jim Rogers loves Sri Lanka...even more than China right now. Why? Because they're close to the end of a 30-year war.

After a war is one of Jim's favorite times to invest - everything is cheap, so there's great value.

Don't worry China bulls - he still loves the Red Dragon too.

Here's the full CNBC interview:

Jim's latest book...now on sale...

Marc Faber Loves Agriculture at These Prices

Marc Faber says that investing in agriculture today will be like investing in oil in 2001, when it was priced at $17/barrel, according to The National Post.

Faber says that record low inventories, declining agricultural productivity, and increasing demand for food will drive prices higher.

The falling productivity line is especially interesting...Faber says productivity in agriculture has been declining since 1990, and expects that trend to continue.  If this is true, which I'd imagine it is, it's counter to what most folks (including me) believe.

Read the full article here...

More reasons to invest in agriculture:

• Jim Rogers loves the fundamentals too
• Sugar especially has an appealing supply/demand situation shaping up

Ed. Note: Stay up to date on the latest in agriculture and be sure to check out our weekly insights published every Sunday: This Week in Commodities

Jim Rogers: The US is About to Have a Currency Crisis

If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers.

In an interview with Bloomberg from this morning, Rogers said:

“We’re going to have a currency crisis, probably this fall or the fall of 2010.  It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”

Jim reiterated that the place to be invested is in commodities, particularly agriculture:

"You're going to have serious food shortages in the next 3-5 years - prices are going to go through the roof."

You can view a video of this entire interview using this link (click on the "Video" tab on top).

Want some ideas about agricultural commodities with particularly appealing fundamentals right now?  Check out This Week in Commodities, which is heavily focused on agricultural commodities - right now we're invested in sugar and orange juice, both profitable trades to date and still climbing.

More recent insights from Jim Rogers:

• Rogers believes world is heading for Depression
• Jim interviewed by GoldSeek Radio
• Rogers prefers oil over gold right now

Ed. Note: I just got done reading Jim Rogers' new book - review to follow. Long story short, it's an insightful, quick read that I'd highly recommend. Pick up a copy if you haven't already:

Jim Rogers: IMF Sales May Drive Gold Below $700

Jim Rogers says that IMF sales of gold could drive the price of the barbarous relic below $700/ounce.

Rogers told Bloomberg: ”The fact is that IMF is trying to get permission from everybody to sell gold. I don’t know it will succeed or not. But if and when IMF sells its gold, gold prices may go to a bottom. Who knows? It may go down to US$700. IMF has got a lot of gold to sell. If it does, I hope I’m brave enough and smart enough to buy more."

He added that he does not intend to sell any gold at this time.

More recent Jim Rogers coverage:

• Jim Rogers Interviewed by GoldSeek Radio
• Jim Rogers Interviewed in BusinessWeek
• Rogers Prefers Oil Over Gold Right Now

Editor's note: I also guest posted this piece over at The Daily Crux.