Jim Rogers might sell the euro
It's amazing how the euro has outperformed gold since Hollande became president of France (Chart 1-4). It signals that there is a higher risk that Greece will not get their aid package. Euro global polls say that there is 50% chance that Greece will exit the Eurozone. If this were to happen it will be a deflationary collapse first, after which hyperinflation will occur.
During the second half of 2011 we even see that the euro is losing its secondary currency reserve status. The U.S. dollar is increasing its status as reserve currency (Table 1).
Jim Rogers knows this and might sell the euro in the future.
As Europe is going to contract in 2012, Mario Draghi has signaled that further stimulus is on its way.
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| Chart 1-4: Gold Price in Euros |
During the second half of 2011 we even see that the euro is losing its secondary currency reserve status. The U.S. dollar is increasing its status as reserve currency (Table 1).
 |
| Table 1: Reserve Currency |
Jim Rogers knows this and might sell the euro in the future.
As Europe is going to contract in 2012, Mario Draghi has signaled that further stimulus is on its way.
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