JIM ROGERS: Watch Out For 2013

In an interview with ET Now, Jim Rogers, Chairman, Rogers Holdings, shares his outlook for commodities, gold and metals with a special reference to Indian markets. Excerpts:

ET Now: Are you a bit surprised with the US economic data? If I look at the tone of US economic data, of late things are looking upbeat for the US economy?
Jim Rogers: You have to remember two things -- election in America in November, so you are going to see a lot of good news. Of course you have the American government spending staggering amounts of money right now, printing a lot of money and getting ready for the election. It happens every four years in America. They do their best to get the economy juiced up so they can win the election.

ET Now: We have got the ECB president come out and say the debt crisis strategy working as ECB postpones Armageddon. What does this mean for commodity prices which were in a downtrend as the euro crisis loomed all of last year?

Jim Rogers: Commodities prices may have been in a short term down, but on long term commodity prices are still in the major uptrend and that is going to continue. They have postponed Armageddon, I am glad you put it that way. We discussed before here that 2013 and 2014 are what I am most worried about because this year everybody is trying to just get through the next election. There are 40 elections in 2012. Everybody is going to do their best to get us through the election. Watch out for 2013.

ET Now: So for 2012, do you expect that since there are 40 elections, central bankers will continue to print money and they will print more money and they will print more money that will automatically spike commodity prices up?

Jim Rogers: Yes, also as we discussed before, I told you that if the world economy gets better, then obviously commodity prices will do well because of the shortages. If the world economy does not get better, they are going to print a lot of money and you need to own real assets when they print money and yes there are 40 elections this year and yes they are going to print more money….

Don’t stop now…read the rest at http://articles.economictimes.indiatimes.com/2012-01-13/news/30623900_1_rogers-holdings-commodity-prices-jim-rogers