Jim Rogers on Currencies
In an interview on CNBC, Jim Rogers was asked about the lesser of evils concerning paper currencies, and he responded at this time there is no currency that stands in a strong position.
Rogers added he could foresee a time in the not-too-distant future where we may have to hold all of our money in real assets.
"All governments around the world are debasing their currencies," said Rogers, and even when looking for the best among the worst, Rogers, there isn't one that is "attractive on a fundamental basis."
As far as what he would hold at this time, Rogers said he's looking for cheap raw materials, and natural gas and and silver fit that bill nicely at this time.
On the other hand, speculators have entered the gold and oil markets, and Rogers said with the price of gold and oil going up so quickly, it's better to let them "consolidate and rest" for now.
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