If you have the majority of your savings in US dollars, this may be the most important insight you ever hear from Jim Rogers.
In an interview with Bloomberg from this morning, Rogers said:
“We’re going to have a currency crisis, probably this fall or the fall of 2010. It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.”
Jim reiterated that the place to be invested is in commodities, particularly agriculture:
“You’re going to have serious food shortages in the next 3-5 years – prices are going to go through the roof.”
You can view a video of this entire interview using this link (click on the “Video” tab on top).
Want some ideas about agricultural commodities with particularly appealing fundamentals right now? Check out This Week in Commodities, which is heavily focused on agricultural commodities – right now we’re invested in sugar and orange juice, both profitable trades to date and still climbing.
More recent insights from Jim Rogers:
- Rogers believes world is heading for Depression
- Jim interviewed by GoldSeek Radio
- Rogers prefers oil over gold right now
Ed. Note: I just got done reading Jim Rogers’ new book – review to follow. Long story short, it’s an insightful, quick read that I’d highly recommend. Pick up a copy if you haven’t already: