Rogers Says Euro Won’t Last
Jim Rogers, the financial wizard who culls information by traveling the world on a motorcycle, says that Greece should simply go bankrupt and that Europe will eventually give up the Euro, though not for 15 or 20 years, and the British pound will tank in the next few years. Meanwhile, he’s playing the bounce in the euro.
Rogers sees two minor bubbles at the present, one in Chinese real estate and the other in U.S. treasuries, but he’s not making a prediction on when either will burst. He anticipates the price of gold to reach $2,000 in the next decade, as currencies lose their value. Commodities, including oil, cotton and sugar, he says, will continue going up, not reaching bubble proportions until 2019.
Posted by on 03/24 at 10:39 AM