Wednesday, February 5, 2014

Rogers owns US Dollars

I own the US dollar. So I hope they are right. It worries me that you say that there is turning out to be a consensus. I like to be on the other side of the consensus.
My view is that we are going to have more currency turmoil in the world and during periods like that, many people flee to the US dollar. They think it is a safe haven. It is not a safe haven, but many people think it is. I expect more turmoil. Eventually, whether it is this year or next, when everybody has flocked to the US dollar, that is the time to sell and get out.

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).