Legendary investor Jim Rogers says he plans to sell off his dollar holdings as soon as the next peak occurs, as the current state of the US economy will inevitably put an end to the greenback’s global hegemony.
“I hope I am smart enough to sell it during the next major strengthening,” Rogers said, as quoted by Russian business daily RBK.
The investment guru admitted that people still see the US national currency as a safe haven during bad times. However, another appreciation might even result in a bubble, as the US economy is currently in rough shape, he suggests.
Annual inflation in the US reached 6.8% in November, the highest…