I own the dollar, since I expect more turmoil to come, and when it does, people will flee to the dollar because they think it is a safe haven. It is not a safe haven.
In case of turmoil, and people flocking to the dollar, I would look to sell the currency as on a long-term basis. It does have serious problems.
I also own the renminbi and I am not selling it. I’ll buy more if it dips from the current levels. The fundamentals for the renminbi are less unsound.
I also own the Japanese yen because a lot of people are negative on it.
I do not own the rupee because India has big debt-related issues, balance of trade and inflation problems.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.