Dollar’s Days Numbered, Buy Commodities: Jim Rogers

CNBC
Friday, November 14, 2008

Commodities are one of the only viable investment opportunities left and are set to rebound as demand problems take hold, while the outlook for the dollar is bleak, famed investor Jim Rogers said Friday.
The dollar’s days as the world’s reserve currency are numbered, Rogers said at the World Money Show conference in London.

The greenback faces serious devaluation as spiraling national debt and a worsening economic crisis undermine it, he said.

America’s growing debt problem is “out of control” and Federal Reserve Chief Ben Bernanke’s strategy of printing money is a “terrible policy,” he said.

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Bernanke “does not understand economics, he does not understand markets … he is going to run those printing presses until we run out of trees,” he added.

Commodities ‘Through the Roof’

Despite the recent massive declines in oil and other commodities, the asset class is in a bull market caused by ever tightening supply, according to Rogers.

“When supply goes down and demand goes up, that’s a bull market,” Rogerss said.

“By the time we get to the end of this bull market, commodities will be going through the roof,” he said.

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7 Responses to “Dollar’s Days Numbered, Buy Commodities: Jim Rogers”

1. Nicolas Says:
   November 14th, 2008 at 12:14 pm

   Gold prices are going to skyrocket. The market is artificially low and a perfect time to buy!

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2. C.M. Says:
   November 14th, 2008 at 2:03 pm

   Just a little hint, the gov’t will demand your gold for $50 an ounce after Martial law is declared. If you own bullion figure it’s worth is really cheap after Martial law.

3. Alex Says:
   November 14th, 2008 at 3:12 pm

   I doubt the government will even give you $50, they might run it down to $35 after martial law of just out and out take it.
   Your ETF’s are as good as gone. Silver might be safe but they can recall your silver coins if they are government issued, say junk dimes, quarters and half’s.

   Best thing if just hang on to them anyway. Dare them to. I know the Obama Droids will all latch on so tell no one what you have, they migh offer as reward for hoarding. The once they get you in the FEMA camp they will take everything you have.

   Keep a low profile, deny everything and when the time is right we will strike back.

4. Alex Says:
   November 14th, 2008 at 3:14 pm

   Even in the new James Bond movie, Quantum of Solace, then bad guys are paying off the Bolivian general with Euros because “The American dollar is not what it used to be.”

5. rich Says:
   November 14th, 2008 at 7:42 pm

   jim has been wrong a couple times in the past, but this time me thinkest him right !!!!!!!

   http://www.youtube.com/profile.....iew=videos

   goldieshouse.piczo.com

6. Troy Billington Says:
   November 14th, 2008 at 8:52 pm

   Stock up on Water, Food and first aid supplies, things are going to get ugly REAL FAST! As for Gold, visit my site and there you will find everything you will need to come out on top (or at least get by REAL comfortable).

7. toxic outgas Says:
   November 14th, 2008 at 9:51 pm

   hey guys, i know this financial stuff really sucks ass.. but heres another thing to worry about: outgassed chemicals from computers or other stuff:

   http://www.outgasreport.com