Jim Rogers Sees Commodity Supercycle

Jim Rogers has been a bull on commodities for a number of years, but he has even gotten more positive on the raw materials lately, saying he sees the supercycle has another 20 to 25 years to run before it slows down.

Also commenting on the decision by the Swiss National Bank to battle the appreciation of the franc against the euro, Rogers said it's ”a huge mistake,” adding “the market will have more money in the end than the SNB.”

Rogers said on CNBC that risk faced by the bank is it probably will “totally debase the Swiss franc trying to keep Switzerland ‘competitive’ which will then destroy the traditional Swiss financial industry.”

According to Rogers, he sees the Chinese yuan as the best place to park your money as far as a currency goes. He also likes the U.S. dollar over the short term, but sees it as the worst currency over the long term.