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| English: American investor Jim Rogers in Madrid (Spain) during an interview. Español: El inversor norteamericano Jim Rogers en Madrid (España) durante una entrevista. (Photo credit: Wikipedia) |
The last week was a difficult one for my investors with the uncertainty in the Eurozone rising to new heights as the Greek government appears ready to take their anti-austerity platform to the next level. Despite the assertions of the G8 member that they would do all within their respective and collective powers to ensure that a Greek exit does not occur analysts and many investors don’t expect a good outcome. Super-investor Jim Rogers is one of those; he foresees much more turmoil ahead with the world now facing serious problems which includes fallout from the Greek debt drama.
So certain is he of a bad outcome, Mr. Rogers says that he has now hedged nearly all of his Euro positions and has no intentions to buy the common currency. He’s surprised, in fact, that thins have already gotten this bad, this early. While he believes that the Euro will survive, albeit in a different form, he believes that the way forward is in real assets, specifically commodities like gold and silver, as well as agricultural commodities...Continue to read.
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