'Commodities are the best place to be right now'

Chairman of Rogers Holdings Jim Rogers reveals his investment strategies in an interview with Business Standard's Puneet Wadhwa. The geopolitical crisis, he says, is an opportunity to buy. Listen in

Topics
Jim Rogers | Investment strategies | Stocks to buy

Puneet Wadhwa  |  New Delhi 

Jim Rogers Rogers Holdings
Jim Rogers, Chairman, Rogers Holdings

Q: What is your interpretation of how the recent geopolitical situation has unfolded and the way have reacted to it? Ans: Q: How much downside do you see from the current levels?

  • >Panic situations like these usually mean that the bottom is near
  • >Markets should bottom out in the next few days, followed by a rally
Q: How do the investors navigate this uncertain phase for the markets?
  • >Invest in asset classes that you know; stay in your comfort zone
  • >I own sliver and agriculture, and look to buy more of it
Q: So, which commodities are you looking to buy more of – gold, silver, oil, metals? And:
  • Invested in silver and gold; will buy more on a correction
  • Will buy more of agriculture commodities than anything
  • Demand for lithium, copper and lead to go up due to electric cars
Q: Do you think then the global central banks will not hike aggressively as envisaged earlier?
  • US Fed’s rate stance has led to inflation
  • More inflation is going to lead to higher interest rates
  • Central banks will lose control, will lead the markets into a ‘bear phase’
How do the emerging markets look in this backdrop?
  • Emerging markets aligned to commodities will benefit
  • Own Russian shares and will buy more once this geopolitical crisis eases
Q: What are your views on the Indian markets? And:
  • Indian equities have been strong; don’t like buying any market that strong
  • Will buy Indian stocks on a correction
  • RBI has supplied enough money and Indian equity markets can continue to be strong
  • Do not own any Indian stocks right now
Q: Which other asset classes and equity markets do you find expensive? Ans:
  • Bonds in bubble territory and so is property/ real estate in New Zealand, India and South Korea
  • Some stocks are also in bubble zone
  • Silver, agri-commodities are some asset classes not in a bubble zone
  • Commodities are the best place to be right now
Q: What’s your advice to investors to equity market investors right now? Ans:
  • Geopolitical crisis are an opportunity to buy
  • Commodities are likely to do well
  • Buy what you know best

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Read our full coverage on Jim Rogers
First Published: Thu, March 03 2022. 08:30 IST
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