GREY:ARGEF - Post by User
Post by
Sinbobon Nov 09, 2011 6:37pm
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Post# 19224235
Macro drivers...
Macro drivers...
November 9, 2011
Jim Rogers… famed commodities bull Jim Rogers.
Speaking with India-based Economic Times (ET),… Excerpts
…Like many people in Asia, especially in India, where the audience for the Economic Times is largest, he owns gold because he wants it—just as he likes all commodities that he can trade in a futures market….
And as far as the euro is concerned, Rogers believes the currency won't make it, which adds another 27 percent to the dollar's 61 percent of total reserves held by central banks expected to decline in purchasing power throughout this decade. Under that thesis, he believes investors need to hedge themselves through commodities holdings.