Sunday, December 13, 2009

Jim Rogers Betting On US Dollar Rally, Would Buy More Gold Around $1000

Jim Rogers Betting On US Dollar Rally, Would Buy More Gold Around $1000


Jim Rogers was on Tech Ticker and ReutersTV (Reuters: Investor bets on USD rally) recently and he's betting on a US Dollar short squeeze. He also said commodities will do well if there's massive growth, a currency crisis, continued money printing or WW3. He told Reuters he'd buy more gold around $1,000.

"When everybody is pessimistic about something it's usually time to buy that. Now I cannot give you any fundamental reason..... but in the last couple months I've been accumulating more dollars. I think there's probably going to be a rally. If it happens I hope I'm smart enough to sell it somewhere down the line. If it doesn't happen it will collapse and I'll panic like everyone else and dump." (Reuters Interview)

(click on link below to view Jimmy Rodgers Video Interview)
http://strongmail.real.com/track?t=c&mid=156004&msgid=87700&did=1256767835&sn=1219705941&eid=stephen.gerritz@gmail.com&uid=134656&extra=&&&2001&&&http://www.reuters.com/news/video/story?videoId=11608907&videoChannel=3231

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