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%.

Thursday, June 11, 2015

Jim Rogers : US Dollar may turn into a Bubble in 1-2 Years





Jim Rogers : I own the US dollar. It is my largest single currency. I do not have any confidence in the US dollar as a sound currency. It is one of the most flawed currencies in the world. US is the largest debtor nation in world history and it is getting even worse. I own it because there is more turmoil coming in the world and in such times, people seek a safe haven. The US dollar is not a safe haven but people think it is, and they do not know what else to do. In any case, they are not going to go to the Yen or Euro. It is going to go higher as more turmoil comes in. It might even turn into a bubble because people get desperate. So, I am not selling US dollars. If it turns into a bubble, I will obviously have to sell my US dollars.

US rates will go higher, there is no question about that. But the only question is when it will happen. After rate hike, the US will attract more money. Part of the turmoil will come from interest rates going higher. Of course, the US dollar will go over a 100, but my fear is that a year or two from now, the US dollar could literally turn into a bubble because people do not know what else to do with their money and there is turmoil everywhere. You are not going to put it in the rupee. One can invest it in yen if the Chinese renminbi gets convertible by then, but, otherwise, people do not have much choice going forward and so the US dollar is going to go much higher. - in The Economic Times of India





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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