The Euro is going to disappear in due time. The Dollar will follow. There seems to be no end in sight to the raging bull of a commodities market.
""EURO WILL DISAPPEAR"
This month the euro has come under extreme pressure following a Greek debt-crisis that threatened to spread across the continent, prompting policymakers to make available a $1 trillion rescue package, which Rogers said could spell the end for the European currency.
"It was a terrible thing to do, it ensures that the euro will disappear some day because now it means anyone can do whatever they like because they're going to be bailed out.
"I own the euro but after what they did the other day I'm having serious second thoughts. The euro will continue to corrode from within and someday we won't have a euro at all."
The eurohas fallen more than 7 percent against the US dollar in the last month and hit record lows against the Swiss franc on concerns that fiscal tightening in Europe will stunt economic growth.
The latest euro zone crisis has helped to pressure the price of some dollar-denominated commodities as they become more expensive to European buyers. But gold, often seen as a safe-haven asset has soared, hitting fresh record highs.
Rogers believes natural resource assets are a good investment because of their finite supply, leading to the theory commodities are in an extended or "supercycle" market rally.
"I certainly expect gold to go much higher over the next few years. Paper money is going to be debased and the price of real assets will be enhanced," Rogers said.
"I don't see the new commodity supplies coming that will end the bull market."
As crude oil supplies decline and governments focus on more ecologically friendly solutions to global power demands, the alternative energy sector is expected to grow.
"It's (alternative energy) a good investment right now. They've got a great, great future. Someday they may end the bull market in the energy sector," Rogers said."
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