Video Interview: Gold, Currencies & China

Topics: SPDR Gold Trust ETF (GLD), iShares MSCI Emerging Markets Index ETF (EEM)

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.

U.S. Dollar: It May Turn Into A Bubble Down The Road

The U.S. Dollar can even turn into a bubble down the road, especially if interest rates are going higher and higher. A lot of capital will be attracted to the United States. If it does turn into a bubble, I hope I am smart enough to sell my U.S. dollars. Where will I put my money then? I have no idea.

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.

The U.S. Dollar Is My Largest Position In Currencies

If the U.S. raises rates or the market forces the U.S. to raise rates, it is going to attract more money to the United States, rightly or wrongly.

The reason I own U.S. dollars, it is actually my largest position in currencies, and that is because there will be more turmoil coming in the world, we just talked about Greece but there is more turmoil coming down the road and in times of turmoil many people flee to what they see as a safe haven.

Rightly or wrongly, many people see the U.S. Dollar as a safe haven. It is not a safe haven it is a terribly flawed and troubled currency but since people think it is, that is where they will go.

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.

Greece Cannot Pay Its Debt

Greece cannot fulfill its obligations, it is physically impossible. It is like the United States. The United States can never pay its debt. I mean, there are various ways to pay your debt, you can print money and make your debt worthless. That is what Russia did when the Soviet Union collapsed. There are many ways to pay your debt.

My advice is to Greece go bankrupt, declare bankruptcy and their creditors take the haircuts. I would stay in the European Union if I were Greece but they may get thrown out if something like that happens. Greece cannot pay its debt. This is a charade.

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.

Investing: How To Capitalize

The way you do succeed at anything is you look at a desperate situation, especially when it is cheap, or it is repressive and it is opening up. It is hard to do, it is like a stock that is cheap, nobody wants it but it is the best way to capitalize.

If you look at Asia for instance, 50 years ago, South Korea, Taiwan, Singapore, Japan, all were very, very repressive and now they are all vibrant, successful democracies.

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.