Jim Rogers - US Dollar Will Be Replaced Just Like the Peso, Pound Sterling and the French Franc
SBTV spoke with Jim Rogers, global investor, and author, about whether gold and silver will once again be used as a monetary asset and what will replace the US dollar eventually as the world's reserve currency. The dollar will go the way of the Spanish peso, British pound sterling, the French franc, and other reserve currencies in the past.
00:00 Introduction01:28 No incentive to work with government stimulus03:18 The Fed is either ignorant or lying05:33 What will replace the US dollar as the world's reserve currency07:30 China's rise10:38 A cashless world14:06 Safe haven assets - gold & silver17:56 Green new world needs copper and nickel21:07 Hot commodities to look out for
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys - once by motorcycle and once by car - and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller)
