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BHP Billiton Limited Message Board

  • seven_levels seven_levels Oct 24, 2007 9:14 PM Flag

    jim rogers said......10/24/07

    On the U.S. economy:

    ``I think it's probably in a recession right now.''

    On his selling of assets denominated in dollars:

    ``I'm sure I will keep selling them over the next year or two. I'm taking my money out of the U.S. dollar.''

    On other currencies:

    ``The renminbi is going to go up, double, treble, quadruple in the next few years.'' The yuan ``is extremely undervalued if you look at any basis for judgment. It's not good for China that they're holding the value down. When you block the currency it causes destruction.''

    On Federal Reserve Chairman Ben S. Bernanke:

    ``That man has been studying printing money all his life. The man is now running the printing presses.''

    On the Chinese stock market:

    ``It looks like a bubble may be developing. I'm hoping something will happen and drive the Chinese market a few thousand points lower and then I can buy some more.''

    On gold, platinum:

    ``Right now there's a gigantic speculative position in gold. When everybody is on one side of the boat you should be on the other side. Platinum would have to go down a lot more before I buy.''

    On copper, bonds:

    ``I don't like to buy anything that's moving in a straight line. I would certainly sell bonds. That bull market peaked in 2003.''

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