Friday, 22 July 2011

Jim Rogers - Time to buy the USD

Jim Rogers, the legendary investor (called the bottom on EUR/USD last June 2010), was quoted earlier today: “I bought Japanese shares when the tsunami came, I think I am probably going to buy some more. I own the U.S. Dollar. It has been terribly beaten down. Everybody is bearish on the U.S Dollar including me. It’s fundamentally a terribly flawed currency. But when everybody is bearish on something it is usually a time to own it.”http://www.fxstreet.com/news/forex-news/article.aspx?storyid=9c991fe0-da07-4b5c-85e7-357d3a84e845

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