“Agriculture is going to be a great place for the next 10 to 20 years,” says Rogers. He expects huge agricultural shortages, including shortages of farmers, and is sticking with real commodities over commodity stocks. Rogers is shorting emerging markets, American technology, and European stocks.
The investor predicts China will pop the real estate bubble, but believes many parts of the country will boom no matter what happens to real estate in Shanghai and Beijing.
On gold, Rogers would not be surprised to see gold drop to $1,200 an ounce. He is not selling any gold or silver, but plans to buy more if there is a substantial correction.
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