The Euro not to break up in 2012

Jim Rogers : I do not think the EU will break up at all. The euro will have some problems this year. I am actually long on euro. There are many people shorting the euro right now. But I am thinking about buying more. I do not think that the euro is going to break up in 2012. I certainly think it will within the decade, but it will survive this year, maybe some money will drop out of the euro, but it is not going to be the end of the euro. The world needs something like the euro. I hope it can pull together. I cannot invest on hope obviously.

If we have a war with Iran who knows how high the price of crude may go

Jim Rogers : The surprise would be how high the price in crude stays and how high it eventually goes. We are running out of known reserves of crude oil around the world unfortunately and there is nothing to replace it yet. Maybe some day there will be things that could replace it. I own crude, I am not selling any commodities. Certainly not crude. Because we are running out of known reserves and if we have a war, because America is dying to go on a war with Iran, and something like that happens, who knows how high the price of crude may go?