JIM ROGERS BLOG: 06/07/13

Friday, June 7, 2013

Jim Rogers may still buy US Dollar

I still own US dollar I don't want to own it. I own because its the least bad. Other people will put their money in the dollar when there's turmoil. Look at the Japanese trying to get out of the yen so they put their money in the dollar. They dont know what else to do with their money. In fact I may some more[dollar] before too much longer.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

FED : No exit plan

I don’t know if there’s an exit plan. If and when they stop, it’s going to cause lots of ramifications in the market and lots of — perhaps even chaos, but certainly turmoil and upset. The only exit plan that he’s[Ben Bernanke] talked about is to let it all mature. That sounds wonderful, but it’s not very practical.

Jim Rogers on the Yen devaluation effects

The Koreans have huge problems. The currency[Japanese Yen] is down 26, 27 percent. The Germans are starting to be affected, because the Germans are huge export country. This is going to have serious ramifications. In the financial markets somebody is on the wrong side. I don't know who, so they are getting killed. Other people trading against Japan are having problems. Inflation is coming back strongly in Japan. Its not going to be fun in the end. Mr Abe doesn't care, he wants to win the election this summer.