Jim Rogers: Investors Must Own Real Assets
Aug 31, 2010Legendary investor Jim Rogers speaks with CNBC about the the debasing of currencies by central banks around the world.
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Part 2:
“When the central banks start agreeing with me, I’m going to have to start worrying,” says Rogers. He believes that investors have to own real assets to protect themselves from central banks debasing currencies.
“Mr. Bernanke has never been right about anything,” comments Rogers. He notes that Fed chairman Bernanke doesn’t understand economics, finance, or currencies and is merely pushing the problem to the future by printing more money.
Rogers says that central banks are destroying the saving and investing class. “We’re going to have a lot more currency turmoil over the next 2 or 3 years because of the huge imbalances that exist in the world.”
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