Jim Rogers: Commodities are 'the best place to be'

Interview with Globe and Mail here.

Throughout history, when people have printed lots of money, it has always led to higher prices. Throughout history, when governments printed, the money has to go somewhere. Historically, it has always gone into real assets, as people try to protect themselves. … It's not going to go into people buying new cars, it's going to go into wheat and silver and oil first. It may go into new cars eventually, but it's going to go into real stuff first – at least it always has. I'd rather own commodities than just about anything I can think of in a period when the whole world is debasing paper money.

Interview with Jim Rogers.

Transcript here.

In the near term, markets seem to be more concerned about growth than they are
about inflation. The difference between the 10-year and the two-year bond yield
in the US has narrowed some 40 basis points since early June. Unlike you Jim,
people are actually going out and buying long maturity treasuries because they
don't see growth, don't see inflation. So, what do say to these bond buyers?
Good luck?

When you see anomalies like this in the market, you are
supposed to take advantage . The spread is very low. So, why would anybody buy a
10-year when he can buy a two-year ? Not worth the extra risk to go out 10
years. I would urge people to keep their wits. Now, granted Mr Bernanke and the
US are buying a lot of government paper and driving the price up. That's why I
am not sure. He has got more buying power than I do, at least for the
foreseeable future. So, you are seeing longer bonds going up. That gives you an
opportunity to get out if you own them or think about selling them short if you
don't own them and know how to sell short.

Some video here....Kind of an odd interview....