He also likes commodities-based currencies which have stable central banking policies such as the Aussie dollar and Canadian dollar.Despite his bubble talk, he still continues to hold commodities.
The 68-year-old founder of the Rogers Holdings said he expects U.S. bonds to enter a long-term bear market, cautioning against any dollar holdings....
On the gold price, Rogers sees a consolidation, and maybe a decline, from current price levels. On pullbacks in the precious metal, he said he will be a buyer.
“I would expect gold will need a little rest. If prices go down, I will buy more gold,” he said. “I expect gold to go much, much higher in a bull market over the course of the next 10 years. Everything is going much higher because currencies are being debased everywhere.”
Monday, May 23, 2011
Jim Rogers Considering Selling Greenback On This Rally, Says Wait For Dip In Gold
Currently, Jim Rogers is of the opinion that commodities are in a "big bubble" that still has strong legs. He's bearish on the greenback, and says he plans to sell his holdings into the current rally. He's not convinced that gold's stopped dropping, although he remains a long-term bull on the metal (and on commodities.)