“Yes, I have been buying US dollar in the last two months betting on the dollar’s near-term rebound,” he told the Reuters Investment 2010 Outlook Summit. But he said there are too many bears in the dollar market.

Jim Rogers, who is now settled in Singapore and who designed the Rogers International Commodity Index (RICI)–a composite, US dollar-based, total return index, pointed out that the global economy is going into a deep mess and the US dollar is collapsing, day by day. “The collapsing US dollar is putting the global economy into a deeper crisis,” he added.

Rogers has been predicting that gold prices are on a bull run, powering the great commodities bull run that will last for the next one decade.

On Wednesday, Rogers also sent an e-mail to Commodity Online, saying that his prediction on gold prices is not properly attributed in the media. In a specific e-mail, Rogers said: “I have never said gold would be US$2000 by 2010. I said within the decade – or by 2019.”

We stand corrected on Jim Rogers’ prediction on gold prices.

Rogers, a commodities investment champion who is bullish on agricultural commodities, has recently argued that gold prices are going up thanks to budget deficits across several countries in the world.

Jim Rogers said:

“Gold’s recent price surge is thanks to budget deficits. “Deficits are going berserk nearly everywhere. Throughout history, printing money has led to weaker currencies and higher prices for real assets.”