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Getty Images Jim Rogers |
"I will be shorting US bonds," Rogers told a conference in Edinburgh. "I would probably be doing it today if I weren't here," he said.
Bonds in the US have been in a bull market for 30 years, Rogers said.
"In my view that's coming to an end...the bond bulll market is coming to an end. If any of you have bonds I would urge you to go home and sell them. If any of you are bond portfolio managers I would get another job," he said.
Addressing one bond portfolio manager among conference delegates, Rogers said: "If I were you I would think about becoming a farmer. You buy land and learn how to farm."
"In my view it's going to be a spectacular way to make money," he said, adding: "This is where the great fortunes are going to be made in the future."
Rogers also said he expected to see more currency turmoil in the markets this fall.
"One of the safest investments I see is the renminbi," he said.
"Longer term the US dollar is going to be a total disaster," Rogers said, urging investors to "think about getting out of US dollars before it's too late."
Many investors say the Chinese yuan is a good place to invest, but China's capital controls make it hard for foreigners to buy the currency.
Dollar in Danger
REST AT http://www.cnbc.com/id/42985646
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