Wall Street Silver has published a new interview with the famous investor Jim Rogers. He shared his views on central banks’ record gold buys, US interest rate policy, and economic prospects for 2023.
Rogers believes that the Federal Reserve would have to keep raising interest rates fast to combat inflation. However, this won’t happen, as the heads of central banks are afraid to lose their jobs.
As for the US dollar, Rogers said that the world is moving away from the dollar as the reserve currency. No other world currency has ever held sway for more than 100-150 years, and the era of the dollar will come to an end, too. After all, the United States is the world’s biggest debtor state; it keeps printing money and has troops stationed in over 100 countries. You could compare the US to the British Empire.
In spite of the serious worldwide risks and the recession, Rogers has an optimistic outlook for 2023. He says that the widespread pessimistic sentiment makes an unexpected rally more likely.
According to the expert, as investors and investment banks have ever less confidence that central banks can defeat inflation, they are more and more motivated to keep buying physical gold.
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