On Fox Business on April 23, 2012, Jim Rogers, Chairman of Rogers Holdings, said he was "short some stocks" and believes the U.S. is due for a recession because they occur every four to six years. Also, "substantial tax increases" planned on January 1, 2013 could, if enacted, put pressure on economic growth. Jim Rogers is a long-term commodity bull and currently owns gold and agricultural commodities in his portfolio, but he still thinks gold and silver could move lower if the current trend continues. He also owns the "terribly flawed" U.S. dollar just in case there is global turmoil. Watch the interview below.