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Sunday, October 11, 2009

Weekend Quote - Dollar Devaluation

TheStreet: Will the dollar see a bottom?

Jim Rogers: Well, the dollar is a terribly flawed currency so maybe soon it's due for a rally because there are so many pessimists, including me. Whenever everyone is on the same side of the ship, it tips over and you should go to the other side. I hope I'm smart enough ... , if it rallies, to sell more of my dollars and maybe all the rest of my dollars ... The problems for the U.S. dollar are not resolved. I don't like saying this because I am an American citizen and pay America taxes just like you. I don't like saying it, I don't like saying it at all. But we have to deal with fact.

- Jim Rogers

Source: TheStreet.com: Jim Rogers Doubts the Dollar

Labels: quote, quotes

posted by Little Rishi @ Sunday, October 11, 2009

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