As of April 10, Jim Rogers is fairly bullish about the US economy for most of this year, saying that because this is an election year, the government is going for broke (literally) to prop the US economy up - at least for one or two years.
Over the mid-term, however, he believes that the very end of 2012 and throughout 2013, the economy will likely be in more trouble, mostly because the recovery is a lie. You can listen to the Jim Rogers interview with the S&A Investor Radio (the interview is here about 6 minutes in).
Like he's said for literally years, Jim Rogers is still piling into commodities, explaining that if the economies recover and grow, they'll need commodities more because of shortages. If however the growth slows and a recession begins, he wants to be into commodities because of the money-printing that is certain to follow. In his mind, it's a win-win situation.
Is gold going to possibly tank?
Gold has been going through unusual actions for some time, not losing money at all any year for the last seven years. Still, if there's a correction, it'll likely happen for a while.
Rogers explains that gold "could go to $1,200-1,300" in a possible correction soon, and that if there is a correction, he's planning on buying as much as possible.
If this sounds familiar, it's because I explained a similar sentiment two weeks ago when I asked Are gold prices going to crash? This isn't, of course, to say that there's a gold crash prediction here - just that it's possible, and if it happens, gold investors should be prepared.
Rogers has made it clear that he believes that we're seeing the beginning of the end of the age of the dollar.
It's not just a suspicion, as a survey of central banks around the world reveals that most believe the dollar won't be a reserve currency of the world in 10 years. That means for the long haul, commodities and foreign investments are a great buy, but in the short run, inflationary bubbles also hold huge potential domestically.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: I own gold and will be buying more.