Wednesday, May 13, 2015

US Dollar bubble - Jim Rogers

I own a lot of dollars and have done for the last couple of years, but it has gone straight up. Anything that goes straight up you have to start worrying about. It's my largest currency position, at the moment, but I emphasize at the moment.

People perceive the dollar as a safe haven. It's astonishing that the biggest debtor nation in history is going to have a bubble in its currency. 

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.