Jim Rogers makes the case on why to buy US Dollar vs Euro

What I suspect will happen is that America will continue to cut back a little bit but, eventually, it is going to have an effect on the market and then America will start printing money again. But in the meantime, when America continues to cutback, Europe is coming into the market and printing more.

On the other hand, Japan and the UK are not cutting back. So, if the US cuts back for a while before it returns, Europe, it seems, will increase its money print. In that context, it is better to buy US dollars rather than euros at this point. I don’t think any of these banks will stop printing permanently because when things start going wrong, they’re going to panic and print more.


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.

How the world economies have worked for thousands of years...

Its pretty simple. The way the world has worked for a few thousand years, is when people get into trouble, they fail. Confident people come along, re-organize the assets and start over. 

In America and the west, what they've said was no no, we are going to let the incompetent people take over the assets from the competent people and let them compete with the competent people with their assets. This is not good. The Japanese tried this in the early 90's and the Japanese had two lost decades. Its not going to work. In Scananavia in the early 90's, they let people go bankrupt, they had a horrible two or three years but since they have grown dramatically over the past 15 or 20 years.

Gold correction nearing a bottom

Jim Rogers when asked if the bottom is near for Gold

We certainly are. There are a lot of leveraged players who are now being forced to sell. Usually when you have this kind of forced liquidation, you’re getting closer to a bottom, maybe not the final bottom, but certainly close to a bottom. I even bought a little bit [recently].

Jim Rogers advice to investors

I'm always concerned. I don't remember any times that I wasn't [worried]. If you stop being worried, you're probably about to lose money - I assure you.

North Korea gold and silver coins

Coins and stamps are the only way I can invest in North Korea.

According to Korea Pugang Coins Corp - "Jim Rogers purchased most of the gold and silver coins offered by North Korea at a coin fair in Singapore".  This year, 20 one-ounce gold coins featuring mostly century-old generals were on offer as well as several hundred silver coins. Mr. Rogers bought 13 gold coins and most of the silver coins.
"He wanted to buy more, but we only had 13 [gold coins] left,"

US treasuries bubble can burst

US treasuries is probably one of the last remaining asset bubbles left in the world. To buy them now would be a “terrible mistake”.

The US Federal Reserve's continued quantitative easing measures should help hard assets.

Japanese can make money investing at home

They[Japanese Investors] will soon start losing money on the money invested abroad so a massive amount of that money is going to come back home. I doubt that will go into bank deposits or bonds because interest rates are so low. Then at least they can go to commodities or stocks.

Sideways range bound for stocks

Stocks, in my view, in most countries are like they were in the 1970s.

In the 1970s stock markets, and economies around the world did not do very much and were in a big sideways trading range for many years. We are in that kind of period now. 

Agriculture can be a inflation protector

I suspect agriculture products would give better protection during the next several years although gold and silver will be good too – perhaps second best.

Rogers long commodities and currencies

I'm long commodities and currencies, because if the world gets better, the shortages in commodities will make sure I make money; if the world economy doesn't get better, I'd rather own commodities because they're going to print money.

Shorting US Treasuries

On Shorting US Treasuries:

I'm actually making money at the moment. … Maybe it's the end of the 32-year bull market. If it is, I'm making a lot of money in bonds. Stocks may go up, too, but I don't see how this [the recent stock rally] can last.”