Jim Rogers Says Cash Holdings `Gigantic,' to Sell Dollar: Video

Jim Rogers Says Cash Holdings `Gigantic,' to Sell Dollar: Video

Oct. 10 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Mark Barton from Singapore about the rout in the global financial markets, the response of governments to the crisis and his investment strategy. (Source: Bloomberg)

00:00 Markets: "It's very clearly a crash."
01:46 Will focus on agriculture in rebound; gold
03:33 "Nobody has any confidence in these clowns."
05:01 Let banks fail, clear out "horrible excesses"
08:28 Favors China, Taiwan, Yen, Swiss francs
09:37 "I have gigantic amounts of cash."
11:15 Buying yen, franc; to sell dollar on rally
Running time 11:35

Last Updated: October 10, 2008 05:24 EDT

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13/10/2008
Selling climax on Oct 10 2008 but Jim not buying to US except for agriculture stocks.
Covered shorts and buy agriculture last week.
Lots of people email Jim telling him that this is the bottom. But it will not be the bottom
until everybody telling him that there will never be the bottom.
During this panick, when everybody just sell everything away, it is better to buy things that
the fundemantal is unimpaired. And now the only thing that is unimpaired is commodities.
Jim will buy the commodities index but facus more on agriculture as demand will slow for base
metals and energy.
The reason the stocks are falling when the Treasury pump money into the system it's
because nobody believe that what the Treasury is doing is good. It is inflationary and
create problems in the long run.
Jim still has USD and plan to sell as the gigantic USD short position are being liquidated.