Jim Rogers Comments on US Dollar
U.S. Dollar – Trade War With China
In 1973, Rogers co-founded the Quantum Fund with George Soros. During the following 10 years, the portfolio gained 4200% while the S&P advanced about 47%.The Quantum Fund was one of the first truly international funds.
Shiff on Dollar Sell-Off
Peter Schiff on the dollar sell-off and his forecast for the U.S. dollar and the economy.
Dollars Into Gold
gold nugget
The U.S. dollar has lost 89% of its purchasing power over the past 59 years. The $10,000 life insurance policy held by the World War II veteran on his return home represented a significant amount of money in the 1940s. Now, that policy would barely cover the cost of a burial plot and funeral for a war hero. But the material decline in purchasing power is in no way a given, and the precedent for stable prices has a longer history than the era of inflation we have endured for three generations. From 1800 to 1929, the value of the dollar was stable – there was essentially no change in consumer prices for 130 years. It is ironic that the beginning of the inflation tidal wave started shortly after the creation of the Federal Reserve Bank in 1913, an entity designed to preserve price stability. metal detecting
