More and more banks, investors and foreign governments (like China holdin trillions in US dollar assets) are coming around to the position Rogers is taking (Below) Time for everyone to find a hedge against the collapsing US dollar. Gold and currencies popular now---but low real estate prices will make it the favored investment within the next 18 months! Comments??
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"While China may be expensive, Jim Rogers, co-founder of the Quantum Fund, remains bullish. Rogers is shifting all of his assets out of the U.S. dollar and into the Chinese yuan. Rogers believes the Federal Reserve is destroying the dollar's value and that the dollar will no longer be the world's reserve currency. He expects the yuan to quadruple in the next decade. Maintaining his position as the commodities bull, Rogers is still holding gold, silver, palladium, and platinum."
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