SHOWS: SINGAPORE (JANUARY 17, 2014) (REUTERS - ACCESS ALL)

JIM ROGERS, AUTHOR OF STREET SMARTS: ADVENTURES ON THE ROAD AND IN THE MARKETS

1. (QUESTION GRAPHIC)

'What is your 2014 outlook for gold?'

2. JIM ROGERS SAYING:

'Well there are huge shorts that have developed in precious metals, as you know. So we are overdue for a rally, we had a big drive in 2013, everybody got negative, everybody got short. So we are going to have a rally. I don't think too much of the rally, I would probably sell that rally if I were most investors. I am not going to do either; I am not going to buy or sell, but that's my expectation; there will be a rally, then later in the year things will go down again. And hopefully finally we'll make a nice bottom and we can buy gold again.'

3. (QUESTION GRAPHIC)

'China has overtaken India as the biggest consumer of gold. Do you see this trend continuing in 2014?'

4. JIM ROGERS SAYING:

'Oh yes yes yes. I am sure that the Chinese will replace the Indians for some time, especially given that your politicians are doing everything they can to attack gold. And the Chinese have pinned up demands for decades. You have been the largest buyer of gold for centuries and you have got a lot of gold. The Chinese, poor things, have not been able to buy gold for a long time, so I am sure they will continue to accumulate gold for quite some time to come.'

5. (QUESTION GRAPHIC)

'How much precious metals would you recommend holding?'

6. JIM ROGERS SAYING:

'Well they don't own any, I would suggest that they start accumulating a fairly nice position through three or four percent if they own any. If they have some, I wouldn't do anything at the moment, say I am not buying or selling.'

7. (QUESTION GRAPHIC)

'Would you prefer gold or silver in the precious metals space?'

8. JIM ROGERS SAYING:

'Well I would prefer silver to gold at the moment. I am not buying either at the moment. Just because silver is down more, silver is down 60 percent from its all-time high. Gold is down 30 or 35 percent from its all-time high. But I am not buying either at the moment.'