Emerging markets

Jim Rogers : India and China are not much different from the rest of the world. They have seen the selling conduct too and they are going to a rally. The world has economic problems. India and China have a lot of inflation and the governments and the central banks know of it and they are trying to do something about it.

India and China may see some cool off. Commodity prices will be going up, but that is because the world has got economic problems, If the US Fed, which is the largest in the world, continues to print money, then India and China can do little; they may try their best to cool inflation, but India and China are less than one-tenth of America's central bank.

Alternative to dollar

Jim Rogers : The world definitely needs something to compete with and replace the US dollar. But I don't see that happening anytime soon. It is going to take a while for a currency to come up to replace the US dollar. We need an alternative, but it takes a while. America is the largest debtor nation in the history of the world. There is no such currency at this point.

Demand for commodities

Depends on how you want to see it. If governments go on printing more money, people will want to hold more commodities. You may have the economy slow because at the moment, there is a slowdown and that may slow the demand for commodities.

Base metals

Jim Rogers : As far as base metals are concerned, they have already corrected and they will be probably rallying soon. In the short term, I would expect a rally in the commodity market. I am not buying that is what I would expect.

Commodity markets

Jim Rogers : They are moving at all-time high records. Do I expect gold to crash? No, I don't expect it to crash, although I see it coming down; Crude oil has come down quite a lot. I expect it to rally soon just like everything else. The world is running out of known oil reserves and unless we discover a lot of oil quickly, it will be all about how high it stays and how high it goes. Oil is going to be much higher over the years.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Equity markets

Jim Rogers : We are seeing a collapse; panic selling but that always leads to a rally and we will have a rally. But is it real? I do not think so. The world still has serious problems.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).