SHOWS: SINGAPORE (AUGUST 27, 2013) (REUTERS - ACCESS ALL)

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

1. REPORTER OFF CAMERA SAYING:

'The Indian rupee has seen strings of record lows, with concerns of high current account deficit and low growth still standing tall, where do you see the currency headed?'

2. JIM ROGERS SAYING:

'I am not very good at this. You should watch ETNow or read Economic Times. I know that India's got serious problems. You are not addressing the problems in a constructive way. So it can go much lower. Normally markets go down too much when people panic. They go up too much when people are euphoric. I am sure it's going to go down too much. But what level? I don't have a clue. I am not covering yet. I am still short.'

3. REPORTER OFF CAMERA SAYING:

'How would you rank India in the Asian markets and what's your sense of the road forward given the kind of measures the government has come out with? Also, with elections due in less than a year, how would you look at the economy?'

4. JIM ROGERS SAYING:

'Your government just makes it worse. What are you talking about - the measures of government has come up with? Blaming everything on gold. Gold didn't cause the politicians' problems. People are taking refuge in gold to protect themselves from politicians. No no. The politicians are only making the situation worse. Just as they have been for decades in India. And the situation is going to deteriorate. Not just in India - Turkey, Indonesia, other countries with big balance of trade deficit.'

5. REPORTER OFF CAMERA SAYING:

'Turning to commodities, which farm commodity would you be looking at? While India has a strong buffer stock with the government, is the weak rupee leading to expensive imported food?'

6. JIM ROGERS SAYING:

'Well I am more optimistic about agriculture, agricultural products than many things. I bought some sugar recently, which probably means sugar prices going to collapse. I would be looking at the ones that are depressed - coffee, sugar, cocoa. These things are down a whole lot. That's where I would be looking if I were thinking about buying more commodities. So I try to look at the things that are down a lot. That doesn't mean you have to buy them just because they are down. But that's where I would start looking.'

7. REPORTER OFF CAMERA SAYING:

'Gold prices reached an all-time high in India in 2013 because of the weak currency. Where would you see prices headed by year end?'

8. JIM ROGERS SAYING:

'Well in the West or in India? I don't know all right. I own gold, I am not selling any gold. I am not buying gold either. I bought a little gold when it went to twelve hundred U.S. dollars. I expect there would be another chance to buy gold sometime in the next year or two. So I am not buying any gold right now. But goodness knows I am not selling because over the next decade, the price of gold is going to go to extraordinary highs. It's going to be a bubble in the price of gold eventually. So I am not thinking of selling my gold.'

9. REPORTER OFF CAMERA SAYING:

'The Indian gold curbs come at a time when the economy is not doing so well and with most locals still buying gold. First of all, do you think the measure are in right direction? And second of all, do you think the measures would work?'

10. JIM ROGERS SAYING:

'I think it's right for India. It's certainly been right for Indians to own gold and silver to protect themselves from your politicians. Yes I think that's wise. If so far your politicians are not doing anything to correct the economic situation - the problems with the stock market, the problems with the currency - no, you need to protect yourself with real assets. Don't sell your real assets. Not yet.'

11. REPORTER OFF CAMERA SAYING:

'Crude oil prices are headed for the third monthly gain despite situations in Syria, Libya, Egypt continue to worry. Where do you see prices headed?'

12. JIM ROGERS SAYING:

'Well if war breaks out - and it looks like the Americans are determined to have war - who knows how high the prices can go? You know if they close the Suez Canal, I mean if war breaks out in the Middle East you pick the number. I mean, any absurd number you want to say. Forget a hundred and fifty, forget two hundred. It could be at any price. I certainly hope war doesn't break out. But you listen to the American politicians, they are all dying to have a war, which is going to really cause staggering prices for oil, gold and a few other things, if it happens.'