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Jim Rogers made a very interesting statement in a recent interview regarding the dollar, yen, yuan, and gold. Shall we take a look? He said, " People may think the dollar is a safe asset, but it is not. If you were sane, even a tree wouldn't buy the dollar. If it did n't exist right now..." He made these somewhat radical remarks.
Many people do consider the dollar to be a safe asset, right? However, Jim Rogers presented a completely different view. He stated, " I hold a lot of dollars because I am not in my right mind. Eventually, the dollar will become too expensive and the bubble will burst, and then I will sell the dollar." This is a very significant statement.
It means that someday the dollar will skyrocket, and at that time, he intends to sell all of his dollars. Wow, someone like Jim Rogers—who has the timing and long experience in investing, and is moreover a master of short selling—is saying that he will see the dollar in a bubble state and sell the dollar at that peak.
"Sell it. No, it's terrible. I cannot accurately predict market timing, but a period of turmoil will come within the next two or three years. The US..." With the largest debt in world history, countries like China, Russia, and Brazil are striving to find alternative reserve currencies. There are too many risk factors for the dollar to face a backlash.
In an interview, he mentioned that while the US dollar currently in use carries numerous risks, he highlighted just two of them first. He stated that the US is the largest reserve weapon in world history, yet it is printing too much dollar currency. He also noted that China, Russia, Brazil, and recently even India are making efforts to find alternative reserve currencies.
Furthermore, there is one more commonality among these countries: the fact that they are buying up massive amounts of gold. It seems Jim Rogers is focusing precisely on this. He said, "If I feel the dollar is over, I will switch to the Yuan or the Hanwha." Upon reading this statement, I was able to most accurately read Jim Rogers' recent thoughts.
I understood how he views the dollar, and if the era of the dollar ends, which asset he would switch to. Through that interview—which is significant and recent—I realized that he is considering the Yuan and gold. It means I have come to know what his true intentions are. Jim Rogers made huge profits through short selling by predicting the 2008 US stock market crash.
There are predictions that another massive crash will hit in 2020. He stated that he currently holds no U.S. stocks at all, with the exception of Russian stocks. If so, does that mean he does not hold any Asian stocks, such as those in Korea? He revealed in another interview that he sold all of his Japanese stocks and yen, which he considers a burden.
This likely means he does not view the future of the Japanese economy brightly. We should not take his words lightly, as he plans to sell dollars and buy yuan and gold in the future. Thank you for joining us this time. Comment TV Get Uh
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