Jim Rogers: U.S. Dollar Could Collapse in Few Weeks

According to billionaire investor Jim Rogers, the U.S. dollar is at a "tipping point," and while he has believed the greenback would collapse, he thought it would be in several years, now he said it could possibly happen in a few weeks.

"Somewhere along the line we're going to have a tipping point for the dollar, then it's all over," said Rogers. "I thought it would happen in a few years; maybe it's going to happen in a few weeks."

Rogers says he sees two scenarios playing out. If the U.S. dollar continues to fall at this time when it should be rallying, he said the bottom will fall out on it and he would quickly sale, adding if that happens, he hopes it's in time for him to remain solvent.

He noted, "if it goes down 3% or 4% from here, I would have to sell and get out and hope I'm still solvent."

The other scenario would be if the dollar is able to hold, which in that case it could jump as high as 20 percent, according to Rogers.

"We're at a moment of truth for the dollar," he concluded.




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