Breakout Exclusive: Jim Rogers May Buy U.S. Dollar as It Nears “Tipping Point”

Quit printing more currency.

Dollar reached the tipping point about 8 years ago. Wake up Jim! The new official gov't monetary policy since Bush has been for a weak dollar policy. Everything the Fed has done has been to promote a weak dollar. Obama and bernanke have continued with that policy to the detriment of most Americans.

Good day Jim! What's the take on the dollar vs. gold? Wait, who cares anyway, right? Where is all that gold anyway? And where are all those dollars for sale too? Hmmm.... My take? Buy food! Invest in defense and food! Later friends!

I remember at the conclusion of the 1971-80 bull market in precious metals, gold had run from $35 per oz in 1971 to $851 in 1980. It crossed and had a close $100 per oz for the first time in the Spring of 1976.
In 1979-1980 it was common to see long lines of people waiting to sell gold at various precious metals business's to take advantage of the record prices.
As a friend of mine recently said, he feels the next time (in the not to distant future), we see long lines of people standing in line at precious metals dealerships, etc they will be there to buy
gold. Because of demand (due to the devaulation of currencies;and subsequent fear of even more rapid devaulation), there will be long delays in delivery of gold to buyers.
This will further feed the panic to get rid of currencies and buy precious metals.
That is unless we get our financial house in order. Good luck at this point.
Question: Just how in the world do we expect to control these 1.5 trillion annual deficits that are projected out a decade or so?
Who has the political courage and guts to tackle the issue that will result in hard times?

Every paper currency in the history of the world has become worthless at one point or another

How will this affect 10 year treasuries and 30 year mortgage money
Can anyone help me here?

Just ask around among your social circle and see how many of them have sold their gold jewelry at these very high prices.
Investing now when a huge portion of the population is quite willing to sell everything gold they have doesn't sound like a safe investment to me.

I sold my mothers old fashioned gold necklaces for her for $1000 and she was so happy that she went on vacation and then planted food crops in the vegetable garden. Now that's what I call smart investing with gold money!

If gold was at $35,000 I'd sell my wedding ring in a heartbeat and get a shiny new titanium one.

a weak dollar is no accident, it is part of the gov't plan to fix the housing market and increase USA's competitiveness in the global market. A weak dollar equals higher inflation, which will result in more USA exports and consequently USA jobs, as well as eliminating negative equity in people's housing investments. It will just hurt countries like China, who are holding lots of dollars, and will be forced to increase the value of the RMB eventually. All good for the USA!

Gold is getting hammered in comparison to SPX, NDX, DJIA. So why hold gold? It's a bust and it doesn't even produce a dividend. Give my factories and businesses that can improve and make more money. That's my protection in the long run. And my family businesses do way better than the slow and boring DJIA. Productive investment is the capitalist way not a precious metal.

Bring back the gold standard!

Treasury to Begin Orderly Wind Down of Its $142 Billion Mortgage-Backed Securities Portfolio

3/21/2011
Treasury Will Authorize Sale of up to $10 Billion in Agency-Guaranteed Mortgage-Backed Securities per Month

Part of Continued Wind Down of Holdings Acquired as Part of the Financial Stabilization Actions in 2008 and 2009 to Help Combat the Financial Crisis

WASHINGTON ��� Today, the U.S. Department of the Treasury announced that it will begin the orderly wind down of its remaining portfolio of $142 billion in agency-guaranteed mortgage-backed securities (MBS). Starting this month, Treasury plans to sell up to $10 billion in agency-guaranteed MBS per month, subject to market conditions.

Let's see here. Oh, Freddie, Fannie bankrupt. Government is giving up on the the housing market.

Banks aren't lending.

Writing on the wall.

It may sound odd but I would not invest in dollars, considering we will not be the worlds money reserve much longer... which means the dollar will be like the german mark after WWII... worthless... it will take two wheelbarrows of cash to buy 1 loaf of bread... A top heavy Financial system based on nothing but paper is about to collapse, it has to. We are the only Nation on earth that keeps printing $$ to pay for debts.... Our National debt is so big, if we paid 100% of income on taxes, we could not pay it off anytime in the near or far future, Besides China france Quatar etc; and the arabs have been meeting secretly building a new Money reserve to fall back on... the dollar will be useless...
and.... OUR ENEMIES HOPE America will fall into chaos and ruin. That there will be arrests and incarcerations of american citizens of unprecidented proportions and fema camps will hold the excess of millions of americans and foriegners as well... we are in trouble folks, but Trust God, He has a Plan that super -cedes ALL the plans of mice and men.
So get in some extra supplies in... and try to wait it out while Satan and his angels are bound to the pit and hold on till Jesus gets here... that is wait for the True Christ,
( not the 'anti/false/instead of christ' who comes peacefully... first, with a chicken in every pot and then as a monster destroying as many as will follow him after the world financial collapse... the anti Christ come to deceive the Nations. and scripture says the whole earth will run after Him when he stands in Jerusalem Pretending to be the Savior)... except those who know Gods word will know the truth.... That the True Christ is coming after...
call me insane but I Have my Hope in the Savior, no matter what... This Nation The USA, is One Nation UNDER GOD (A Christ based Nation), Indivisible (unable to be divided) With Liberty (Freedom)and Justice (Mercy) for all...
These are the Principles Our Nation was founded on and It is on these Principles we will rebuild... We will trust God to get His own through the storm, just like the diciples in the boat....
One Day at a time, helping one another in crisis just like we do now. Americans are good at helping others.
Soon that statement will be put to the test, but I am confident We Shall Over Come. In Jesus, Hang in there America... we may not always do things right but we keep trying...

There are already pushes underway to return to a "gold" standard. Utah is working on a bill that would allow debts within the state to be paid in gold or silver. Virginia is also looking at legislation. Meanwhile, Demand in China is outstripping Production by nearly 100%. Consider that China is currently the world largest gold producer and that is some serious demand. Also factor in the 1.3 billion Chinese and the nearly 1 billion Indians and compare that to the 309 million Americans of which maybe 1% have ever held an ounce of gold in thier lives (that would be about 3 million compared to hundreds of millions in China and India)

There is no question as to whether to own metals. The question is how much of which kind. And by own I mean you hold and control, not buy paper promises on the stock exchange.

The problem with gold is that we mine more than we use for things like industrial processes, manufacturing, and jewelry / luxury goods. Any time you have a situation like that (where something is simply hoarded and not actually used), made into bars / bullion / coins, put into safes or deposit boxes, it's only a matter of time before the pricing bubble bursts. Unless some new / novel industrial or other use appears that will consume the excess meteriel.

Nearing a 'tipping point'? With what the Fed is and has been doing, the dollar will continue to fall.

higher taxes are unavoidable, they are relatively low considering unproductive economy, first could be 100% additional tax on fuels

It seriously pains me to be on the same side of a trade with a whole bunch of doomster conspiracy paranoiacs but I am liking gold in spite of all these nimrodish ding dongs.

I am investing in food and a garden.

a broken clock is right twice a day

A weak dollar is the obvious cure for deflation. Of course the Fed is promoting a weak dollar policy. Some may argue we did not suffer from deflation but they would be ignoring the 100 Trillion dollars that left the system when the housing market collapsed.