JIM ROGERS

JIM ROGERS

Thursday, March 19, 2015

Jim Rogers: The Dollar turning into a Bubble would not surprise me



HAI: Similarly, are you avoiding the U.S. dollar right now because it's gone through the roof and is close to 12-year highs?

Jim Rogers: I do own the U.S. dollar. I'm certainly not rushing out to buy at the moment. I've owned it for a couple of years and I've been quite vocal about it. I don't have any confidence in the U.S. dollar to lead long term. After all, America's the largest debtor nation in the history of the world, and our debts are going higher and higher all the time.

But the reason I own the dollar is because there's more turmoil coming in the world, and during times of turmoil, many people flee to what they think is a safe haven, and the U.S. dollar's perceived as a safe haven. It's not for me, but some people think it is, so I own it.

I would not be surprised if the dollar turns into a bubble in a year or two or three as we have more turmoil. You see what's happening to the Japanese yen, the Russian ruble, the euro, the Australian dollar, the Canadian dollar—the list goes on and on.

The U.S. dollar could turn into a bubble down the road. If it does, and if I'm still there, and if I've got any brains, I hope I'm smart enough to sell it.






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%.





Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "