Jim Rogers: Beware Of Dollar Crisis - Do NOT Short The Market

On CNBC. Dollar Crisis Looming — Don't Short the Market: Jim Rogers

• By: Krystina Gustafson
  A currency crisis is imminent, so investors should avoid shorting the market, said Jim Rogers, chairman of Rogers Holdings.
  
  "I’m afraid they're printing so much money that stocks could go to 20,000 or 30,000," Rogers said. "Of course it would be in worthless money, but it could happen and you could lose a lot of money being short."
  
  Rogers typically holds both long and short positions, but his perception of global currencies' instability has led him to pull out all his shorts, he said. The last time he can remember doing so was before the market fiasco in 1987.
  
  Rogers called the US dollar a "terribly flawed currency," adding that it could be the starting point for the next currency crisis.
  
  "I would suspect that somewhere along the line...someone's going to say, 'I'm going to start selling mine before everybody else does,'" Rogers said. "That's when you have a currency crisis."
  
  But instead of pouring money into stocks, Rogers said investors should turn toward commodities. This sector will lead the recovery if the global economy improves, and if it doesn't, they'll still be the best place because of inflation, he said.

Yeah.. good old Jim Rogers still insisting that one should follow his vested positions. Long commodities.

Hmm.... but then most commodities have soared already, no?