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%.