In an interview with Yahoo! Finance’s new daily trading and investing show, “Breakout,” Jim Rogers hinted he may buy U.S dollars.
Internationally renowned investor Jim Rogers told “Breakout” hosts Matt Nesto and Jeff Macke that he’s considering buying the U.S. dollar now, but with a catch.
“We’re at a moment of truth for the dollar,” he says.
Rogers, who is currently long the yen, notes that the dollar has been declining despite events that would normally trigger a global flight to safety. Source: Yahoo Finance Breakout Show.
James Rogers, is an American investor and author based in Singapore. He is chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index.
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Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.
Jim Rogers Gold price prediction
Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.
Jim Rogers on what is driving the price of gold
- Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
- The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
- The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.
Read the whole Jim Rogers interview at this businessweek article.
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