Jim Rogers recently revealed his top money making idea for 2011 in an interview with Casey Research.
Rogers is the author of several best-sellers including Adventure Capitalist. Formerly, he co-founded the Quantum Fund with George Soros.
The long-time commodity bull did not pick any commodities as his favorite money-making idea for 2011. Instead, Rogers' best investment advice for 2011 was, "Buy the RMB [renminbi, the Chinese currency]."
Rogers does not think that the U.S. dollar will collapse just yet, but he does believe that the U.S. dollar will eventually reach its demise "a little further down the road."
In a previous interview, Rogers said that he was short-term bullish on the dollar but watching his position closely. Rogers said the dollar was nearing a "tipping point."
"Somewhere along the line we're going to have a tipping point for the dollar, then it's all over," he offered. "I thought it would happen in a few years; maybe it's going to happen in a few weeks."
If the U.S. dollar goes down 4% from here, Rogers said he would sell his dollar holdings because the dollar will be going to multi-decade lows.
Rogers is the author of several best-sellers including Adventure Capitalist. Formerly, he co-founded the Quantum Fund with George Soros.
The long-time commodity bull did not pick any commodities as his favorite money-making idea for 2011. Instead, Rogers' best investment advice for 2011 was, "Buy the RMB [renminbi, the Chinese currency]."
Rogers does not think that the U.S. dollar will collapse just yet, but he does believe that the U.S. dollar will eventually reach its demise "a little further down the road."
In a previous interview, Rogers said that he was short-term bullish on the dollar but watching his position closely. Rogers said the dollar was nearing a "tipping point."
"Somewhere along the line we're going to have a tipping point for the dollar, then it's all over," he offered. "I thought it would happen in a few years; maybe it's going to happen in a few weeks."
If the U.S. dollar goes down 4% from here, Rogers said he would sell his dollar holdings because the dollar will be going to multi-decade lows.
