Jim Rogers was misquoted at the weekend, saying that the Great British Pound could collapse in a few weeks. However, have his misquotes proved so strong that they actually helped push the pound into its terrible slide today?
Whatever the case, once the Greek mess is resolved, one way or another, it is going to be the pound that gets punched around both before and after the upcoming general election, because it's a worthless toe-rag of a fiat currency, backed by nothing, and propped up on hot air, borrowing, and quantitative easing.
Just like Mr Rogers, I am not going to be so bold as to predict a timetable, but of all the 'major' fiat currencies, the pound is the closest to being a punchbag, at the moment.
You don't still have any, do you? Get out of it quickly and swap it for: Gold. Silver. Oil. Just do what the Mogambo Guru says and divest yourself of this increasingly worthless currency. You'll be glad you did.