Jim Rogers: I own more Gold than I do Dollars

Jim Rogers: Well, I own gold, I own some gold. I don’t think that’s what’s going to be the safe haven at the moment; it could be, I mean, if war breaks out, of course, a lot of people are going to flee into gold, and I’ll be buying more gold at 1,500 or you pick the number, and happy to get it. No, if the world reverts to the US dollar, the US dollar goes higher, often, not always, but often, gold goes down when the dollar goes up. People be fleeing to the dollar, they think it’s the better safe haven. So I would prefer – I own more gold than I do dollars, at the moment, I’m not sure I own more dollars than I do gold, at the moment, expecting the dollar to go higher, which will put more pressure on gold. But I’m not selling my gold; I am hedged with my gold. I’m doing nothing at the moment.- via www.midasletter.com

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%.