Global investors should be concerned about potential economic turmoil
as the United States is embarking on a recession and the greenback
continues to be unsound, says Jim Rogers, chairman of Rogers Holdings
and bestselling author of “Hot Commodities.”
Rogers spoke with Bloomberg TV India
on Tuesday and told the media outlet that the U.S. is “over-indebted”
and maintains the largest amount of debt in the planet’s history.
He further explained that the U.S. dollar is not
sound, and with potential turmoil on the horizon, investors believe
that the U.S. dollar is a safe haven for them. This is wrong, says
Rogers, who thinks the economic downturn will get worse and thus the
dollar will grow and transform into a bubble.
This is when he’ll sell the dollar and perhaps buy more gold or even the Chinese renminbi.
Read more
No comments:
Post a Comment