Jim Rogers: China Slowdown Means Opportunity

“I certainly expect the world to have more of a slowdown in the next year or two, and that will be an opportunity for all of us,” he said.

While Rogers said he was long commodities, he also had a safety valve.

“Right now I’m short emerging market stocks as a potential hedge,” he said.

Rogers also remained long gold and silver.

At $1,600, gold would be a buy, he said, adding that he would increase his position even more at $1,500 per ounce.

“If it got down to $1,200 or $1,300 I hope I’m smart enough to buy a lot more,” he said, noting that it was not a prediction.

“Gold is going to go much higher — and silver — over the next decade,” he said.

via [ CNBC ]