Monday, March 27, 2017

US Dollar Bubble vs Gold bubble

I expect more turmoil in the markets and when there's turmoil, people look for safe haven. Now, many people think the U.S. dollar is a safe heaven. It's not. It's not, .... because, you know, the U.S. is largest debtor nation in the history world and getting worse all the time, but people still think it is. So that's why I own a lot of dollars. The dollar's gonna go higher. It may even turn into a bubble before this over, if things get as bad as I think they will. At which point, I hope I'm smart enough to sell my U.S. dollars. I don't know, maybe if I'm right about gold, you know, the dollar will go higher. It'll turn into a bubble, I'll sell my U.S. dollars and buy gold under a thousand. See how easy it is to get rich? Just sit here and talk about it on the internet and you can get rich. So that's what I expect to happen.

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.