Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Monday, October 27, 2014

The U.S. Dollar is not safe haven anymore

Why are you buying U.S. dollars now? Are you betting on the U.S. economic recovery?

Jim Rogers : The U.S. dollar is partially gaining strength because there is turmoil in the markets; people are worried about the Middle East, Russia, and when people are worried, they quickly resort to the U.S. dollar to make payments. The U.S. dollar is not safe haven anymore, but people don't understand that. As long as there is turmoil in the world, the dollar will go higher and higher, and this will hurt many countries and economies. And my plan is when the dollar goes higher and higher, I will sell the dollars. Having said that, currently I am long on dollars. -- in ET Now October 14, 2014




Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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