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Jim Rogers Says Worried About Dollar, Favors China
by w1ld at 3:29 pm EST, Jan 19, 2009

Jan. 19 (Bloomberg) -- Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds and buying raw materials, China stocks and the yen.

“If I were you, I would be worried about the U.S. dollar,” said Rogers, 66, in a speech at the Asia Financial Forum in Hong Kong today. “The Americans are printing U.S. dollars. The Americans are going to do whatever they can to revive their economy, even if it means destroying the U.S. dollar.”

Holding government bonds is a “big mistake” and is going to “end badly,” he said. Investors should favor agriculture, power generation and China shares if they want to make money, said Rogers, who correctly predicted the start of the commodities rally in 1999 and has written books including ‘A Bull in China: Investing Profitably in the World’s Greatest Market.’


 
 
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