Jim Rogers Says Producers are New Money Centers

Talking recently at the Reuters 2011 Investment Outlook Summit in New York, Jim Rogers continued his mantra of high gold and commodity prices, along with the probability financial centers like London and New York will shrink in influence, and countries with strong commodity and/or raw material resources and focus will flourish.

Rogers maintains his prediction of gold rising above $2,000 an ounce and the Chinese renminbi becoming the strongest currency in the world.

"The city of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods," said Rogers.

"Throughout history we've had long periods when the financial centers were in charge," he added. "But we've also had long periods when people who produced real goods were in charge - the farmers and the miners."

Those in the media interviewing Rogers always smile at Rogers when he mentions raw materials, and especially farming, as a major force going forward, thinking he's joking with them when in reality he's totally serious.

Rogers cited Canada as a place to invest and which will continue to grow strong. He didn't mention them this time around, but Brazil is another obvious country which will strongly benefit from commodities, along with Australia, if they don't impose draconian taxes and regulations on miners.

The U.S. could also become important in the area of natural gas, especially as exporters, but they'll have to build out their infrastructure in order to take advantage of the soaring demand for natural gas.