Monday, September 24, 2018

Everybody is now trying to get rid of the US dollar

Jim Rogers talked to RT news on why the US Dollar could see some changes in the coming years. He is still bullish on the US Dollar but only because it is considered a "safe haven".

"In the next few years the American dollar is going to lose its position as the world’s reserve currency and the world’s medium of exchange. People don’t like Washington’s power, so they are moving away and finding ways to get away from the dollar. It has happened throughout history, it happened to the pound sterling, you know the rest of that story."

Jim Rogers is an amazingly smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.