Yesterday on CNBC famed stock trader Jim Rogers recommended hard assets and gold. He fears a currency collapse in the value of the US dollar or British pound. He is afraid to short US stocks now, because believes a hyperinflation nightmare could make the stock market skyrocket in comparison to worthless dollars.

Gold is actually down today hitting gold stocks [1]. Rogers says he is the worst trader ever, kinda silly comment from him about himself, but sees gold and commodities as a long-term play.

You can tell from the interview that the reporters don't even know what he is talking about. It is amazing how terrible the stock market press and media are. WallStreetWindow newsletter [2] just check it out today.