Wednesday, April 19, 2017

US Dollar will go much higher due to its "safe haven" status

I own a lot of US dollars, and the reason I own it is because of the turmoil that I see coming, and people look for a safe haven in times like that and the dollar, rightly or wrongly, is considered a safe haven.

Often, when the US dollar is very strong, gold goes down. I own gold, but I’ve not been buying gold in recent years. But if gold goes down sufficiently, I will sell my US dollars and buy gold. I expect the dollar to go substantially higher, and I hope I can sell then.

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.