Saturday, September 12, 2009

Jim Rogers I will sell all my US dollars and I will buy oil, minerals and stock of companies engaged in the real economy

I will sell all my US Dollars and will not buy any US Treasury bonds says 68 years old investor Jim Rogers while speaking at The International Financial Services Conference (CIFSC) held in Guangzhou Guangdong province in China on September 10, 2009.
". I will not buy more United States Treasury bonds because the government is constantly printing more banknotes. The world will never be a lack of U.S. dollars. I will buy oil, minerals and stock of those companies which are engaged in the real economy. " he was reported as saying ...
US dollar economy has encountered major problems, the dollar index fell to a new low, and it will continue to fall. If the dollar rebounds in the future, I will sell all the U.S. dollars. My whole family has moved to live in Asia. The story of the United States is over. A new story belongs to China.
regarding to the U.S. Treasury bonds, Jim Rogers thinks that both the U.S. bond market bubble and the economic crisis are growing. and that the bubble will burst it is not a matter of if but a matter of when ....
Via
People's Daily Online

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