Wednesday, June 4, 2014

Jim Rogers thinks US dollar needs competition

I do know that the world has serious currency needs and serious currency problems. The U.S. dollar has dominated the world for the past 70 to 80 years. 

Somebody is going to stop using the dollar eventually. We need something to compete with the U.S. dollar, and something to replace it eventually. Whether it's the bitcoins, the RMB or seashells, I have no idea.


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.