Jim Rogers Sees More Currency Turmoil

In an interview with CNBC today, billionaire commodity bull and expert Jim Rogers said he sees continual turmoil in the currency markets, although in the short term he has positions in U.S. dollars, renminbi and euros.

This is the result of the horrendous decisions of the Federal Reserve and other central banks around the world to continue to "stimulate" the economy with money created out of thin air, which is extremely disruptive to the market over time.

Rogers says he sees the renminbi possibly tripling over the next ten to twenty years. He said, "I own the renminbi. Every time I can, I buy more renminbi. I expect the renminbi to double or triple in the next decade or two." He did say he doesn't have a position in the British pound at this time. Rogers added he owns no U.S. stocks either.

As for his positions in gold, silver and other precious metals, Rogers continues to say he won't be selling any of those. "The way to protect yourself at a time like that, historically anyway, has been to own real assets. Those are my longs, and currencies," said Rogers.

Rogers recommends for investors to monitor the currencies of the world. When quantitative easy results in increasing currency turmoil, he says that's the time to buy commodities.

He concludes that as the near the latter part of this decade it's doubtful very many investors will hold paper money, as it's increasingly falling out of favor as debasement pushes the value down.

Time to Start Saving Nickels?

Word has been circulating for some time that the cost of making pennies and nickels in the United States has risen to the point where it costs over double the value of each coin to make.

For the penny, it costs 2.4 cents to make, and for the nickel, it costs approximately 11.2 cents to make, as of 2011. Both of those numbers include labor and materials.

As for the nickel, the metals used to make them - 25 percent nickel and 75 percent copper, costs at this time about 6 cents a coin, with expectations that will rise as commodity prices continue to rise.

The reason why the government is looking to change the metal mix now is the cost of making them will rise as the Federal Reserve continues to print money and the Obama administration and Congress refuse to cut back on spending.

That of course means the price of copper and nickel will jump, as will the value of nickels.

Like the silver in coins being dropped in 1964, it could be an important part of a portfolio to include nickels.

At this point in time we aren't allowed to melt them down to get the metals from them, but there will be plenty of coin dealers in the future ready to acquire the nickels as they go up in value because of the rising value of copper and nickel.

Places to acquire larger numbers of nickels, are from banks, vending machine owners, and casinos. With casinos you'll have to act like a gambler looking to put some serious coin in the nickel slots.

For the bank, keep in mind you'll probably be charged a premium if you ask for too many at a time, as they are charged for each roll they sell you. Buy a lot at a time and they'll pass those costs onto you.