Monday, October 17, 2016

The British Pound (GBP) Will Go Down A Great Deal

I suspect that the British Pound (GBP) is going to go down a lot over the next 3 or 4 years maybe even sooner. There are serious problems facing the United Kingdom as much as I love the United Kingdom. The UK is a very, very large debtor nation, the balance of trade is in serious trouble. If Scotland leaves they are going to take their oil with them. The British Pound (GBP) will go down a great deal. 

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.