Monday, March 10, 2014

Jim Rogers on John Williams hyperinflation scenario

On the possibility of Hyperinflation in the US in 2014:

John Williams is a smart guy. I certainly admire him. I would be skeptical that there is a dollar collapse in 2014 but anything is possible. My goodness there is enough madness in Washington and other parts of the world. So why not. I am long the US Dollar so I am not expecting it this year. The reason I am long the US Dollar is because there is going to be a lot of turmoil in the world, in the next year, two or three. 

And when there is turmoil people flee to the US Dollar, because they think its a "Safe Haven". 

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.