Reporter: When the market no longer trusts the central bank , will the cash era come? Rogers : Yes, you are right. However, big problems can arise if currency is held incorrectly. In 2007, many investors had a premonition that a crisis was coming, so they chose to use Icelandic krona to make deposits. Because the interest rate is as high as 15%. But when Iceland later went bankrupt, investors' cash also disappeared.
Therefore, even if you hold cash, it will be useless if you choose the wrong currency. The currency to be held in this crisis is not the Japanese yen, nor the Swiss franc, but the US dollar.
Some people think it is worthwhile to hold the yen now, but after listening to my words, you may know the reason why I do not hold the yen. Many people still believe that the Japanese yen and Swiss franc are as benign as they were twenty or thirty years ago. It can be seen that it takes decades for a currency devaluation to take root in people's hearts.
To hold cash, you cannot choose the wrong currency. In addition to cash, you also need to buy gold and silver. Recently, the price of silver has fallen more than gold, so if I had to choose, I would invest in silver without hesitation.
