Countries like China that control their exchange rates “invite retaliation.”

[DrPepper]

Quote from da-net:

I am not convinced that precious metals is the place to be if things get really bad. ...Today we have Jim Rogers pretty much saying the same thing

I thought Jim Rogers was an advocate of holding PMs to preserve wealth, along with other commodities such as food and oil. Any links to Rogers being anti-gold and silver?

 

[oraclewizard77]

The truth is no all countries manipulate their exchange rate. For example, Japan intervened in the USD/JPY recently. UK and USA manipulate currency by lowering their interest rate to close to 0%. Trust me if the Fed were to raise interest rates, the USD would shoot up against all currencies.

Europe intervened by coming to the aid of Greece when they should have just kicked that country out of the European Union for fraud.

So those in glass houses, should not be throwing stones especially to the house that owns all of their debt.

 

[sumfuka]

Quote from DrPepper:

I thought Jim Rogers was an advocate of holding PMs to preserve wealth, along with other commodities such as food and oil. Any links to Rogers being anti-gold and silver?

What he meant was that agriculture is a better investment compared to precious metals.