Monday, February 3, 2014

People flock to the US dollar during market turmoil

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 investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.