|Chart 1-4: Gold Price in Euros|
During the second half of 2011 we even see that the euro is losing its secondary currency reserve status. The U.S. dollar is increasing its status as reserve currency (Table 1).
|Table 1: Reserve Currency|
Jim Rogers knows this and might sell the euro in the future.
As Europe is going to contract in 2012, Mario Draghi has signaled that further stimulus is on its way.