Monday, November 30, 2015

Jim Rogers holding US Dollars

My largest currency position is the US dollar. I expect some problems going forward in the world financial markets, and during those problems people will seek a safe haven. They think U.S. dollars are a safe haven. The U.S. may be the largest debtor nation in the world, but as you look around, certainly you are not going to the Euro or the Yen these days, so I own a lot of U.S. dollars and as the turmoil comes, the U.S. dollar will go higher and higher. It may turn into a bubble, depending on the severity of the turmoil. But if gets overpriced, I hope I will sell it at that point.