I own the dollar and I’ve owned it for a while. I’ve owned it not because the dollar is a great or sound currency—the dollar is a terribly flawed currency. I own it because there is turmoil, and more turmoil is coming, and in times of turmoil, many people flee to safe havens. They think the US dollar is a safe haven—it is not. America is the largest debtor nation in history and its debt is going higher and higher. And because of this perception, I own the US dollar—the dollar may turn into a bubble like the Japanese yen has collapsed in the past. If the dollar corrects, I may buy more. If in a year or two, if the US dollar is even higher, and it turns to a bubble, then I have to sell. If the rupee is convertible, I might put my money in the rupee at that time, but it does not seem like the rupee will become convertible.
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%.