Jim Rogers Picks Obama to Win Election but Prefers Ron Paul

Rogers, who made a name for himself as co-founder of the Quantum Fund with billionaire investor George Soros, is now chairman of Rogers Holdings and currently overseeing a number of commodities funds.

“Throughout history when you have people printing money and debasing currency, the way to protect yourself and to make money is to own real assets,” Rogers recently said in Economic Times. “Silver, rice, natural gas and those are not specific recommendations. I am just saying those are natural resources.”

At the same time, American-born Rogers, who is now based in Singapore, doesn’t own any U.S. equities, although he does own U.S. dollars. “At the moment, there is nothing that’s going to make me sell my U.S. dollars.  What could happen, a war? That would make it go up for awhile, wrongly, but there’s nothing that would make me sell my U.S. dollars right now,” he said.

As for U.S. Treasuries, Rogers told Reuters he is neither long nor short the asset class.

“I don’t own Treasuries, and I’m not short Treasuries. I’m waiting to short. I should have been long all this time,” Rogers said. He added that close look at the Federal Reserve’s balance sheet shows that a third round of quantitative easing to stimulate the economy is already quietly taking place.

“We already have QE3,” he said. “You can see that unadjusted M2 is going through the roof…. They don’t call it that, but it’s there. That won’t be good for the dollar down the road”