Jim Rogers ready to sell dollar even if it would incur loss
23 May 2011 at 19:00 IST
SINGAPORE (Commodity Online): Commodity investment legend Jim Rogers has said that he would sell dollar assets into any rally even as Yuan emerges as the safest investment option. He said commodities to be in a big bubble, but having a long run in the offing.
He would sell dollar and take a loss; if the rally fails to materialize. He added that Yuan’s credibility (it being too low, artificially or otherwise) was not an issue for him,The Economic Times reported.
He cautioned investors on gold though for a short-term.
Jim Rogers also prefers currencies from countries with well-managed natural resources; Canada and Australia, for instance.
He was pessimistic about bond market and said it would enter a long period of decline curtailing the current bull rally.
He has also sold short shares in most emerging markets as well as several American technology stocks.
He told commodity bull rally would continue into 2018 or 2020 as the supplies of vital commodities dwindle and demand from emerging markets soar.
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