“Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency.
“I’m in the process of — I hope in the next few months — getting all of my assets out of U.S. dollars,” said Rogers, 65, who correctly predicted the commodities rally in 1999. “I’m that pessimistic about what’s happening in the U.S. “
The article went on to say that Rogers expects the Chinese currency to quadruple in the next decade and that he is holding on to commodities such as platinum, gold, silver and palladium.
When an article like this appears ask yourself, “what is going on”? Of course he is getting out of the greenback. Rogers worked with George Soros and has been a multi currency investors for decades. The question is “why is he making a big deal statement like this now?”
International investment trends often reveal themselves in the shadows…not what’s being said but why or when.
This means that many clues we can use to choose good multi currency investments are not obvious. Global investment hints are subtle and I believe this note is a clue. I am just not sure what to yet.
We need to keep an eye on the dollar. There are many downward forces on the greenback now. Yet would Rogers make an announcement like this before he makes the major move himself?
Let’s watch, see and enjoy Sunday.
Your wondering friend
PS On the subject of shadows look at how the shadows play on the beauty of these views. We have just been informed by the owner of this land that he will sell five lots here with these lake views.
We will look at these lots and the lake on our next Imbabura real estate extension after our International Business and Investing Made EZ course ion Ecuador November 9-11.
Sign up as soon as possible and share the satisfying, profitable and exciting lifestyle that multi currency investing brings to Merri and me. To enroll please go to: https://www.garyascott.com/gr1018.html
Stay on and enjoy a two day real estate tour where we will inspect this land. Details are at
Stay on and enjoy our Shamanic Tour! Don’t miss this tour as it will be the last for at least a year. We have had over 4,500 enquiries about Ecuador in the past five months. 90% of them have been about Ecuador real estate so in
2008 we’ll be expanding our real estate tours instead of the shamanic tours.