Navigating Uncertainty in the Trump Era
Rogers didn’t hold back when discussing the challenges of predicting market trends under President Donald Trump’s leadership. “Well, if you know what Mr. Trump is trying to do, you are way ahead of everybody else. Mr. Trump does not know what he is trying to do. He changes every day,” Rogers remarked, highlighting the unpredictability that influenced his investment decisions.
He further elaborated, “My problem with Mr. Trump is that he changes his mind whenever he sees something on television. So, with some people like Margaret Thatcher or Nehru or some people in the past, we knew what they thought. But Mr. Trump, he changes his mind all the time.”
According to Rogers, this political unpredictability contributed to his decision to exit the US stock market. He candidly stated, “I have sold all of my US stocks. I have sold most of my stocks in the world because I do not know what he is going to do.”
Betting on the US Dollar
Amid the market’s volatility and political ambiguity, Rogers revealed his strategic shift to the US dollar. “I own US dollars because when problems come, people will go to the US dollar. They think it is a safe haven. It is not, but they will go to the US dollar,” he explained.
Despite his skepticism about the dollar’s long-term stability, Rogers sees it as a short-term refuge during turbulent times. He optimistically added, “I hope that the US dollar will then go up a lot, and I will be smart enough to sell. I hope.”
A Strategic Move Amid Market Highs
Rogers’ decision comes at a time when the US stock market is reaching all-time highs. “The American market is making all-time highs,” he noted, signaling his caution about a potential correction. By liquidating his US stocks and investing in the dollar, Rogers is positioning himself to navigate the anticipated volatility.
What’s Next for Jim Rogers?
While Rogers has retreated from US equities, he is betting big on Silver.
“I still own silver. In fact, I will probably buy more silver this afternoon after I finish speaking with you. I will not add to my gold. Silver is down, gold is up, so I will buy more silver. I do like commodities. Agriculture is better because agriculture is still a little bit depressed,” he explained.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
