By Dan Ferris in the S&A Digest:

While China's loading up on gold, Jim Rogers is at a standstill. Instead, he's buying gold's antithesis, the U.S. dollar... "Over the past couple of months, I have been accumulating U.S. dollars... because there are too many bears," Rogers said on Wednesday. Rogers believes the dollar crisis is only temporarily abating. Eventually, he says U.S. government bond yields will reach double digits, like in the early 1980s.

The U.S. 10-year Treasury note's yield hit a high of 15.8% in 1981. When rates get that high again, perhaps we'll shout from the highest mountain that it's time to buy Treasuries.

I'm not a trader, so I don't advocate trying to buy dollars hoping for a rally. I'd rather wait out weakness in the gold price and buy more of it. That's essentially what I'm telling readers in the next issue of Extreme Value, which comes out [Friday] after market close.

Crux Note: Dan Ferris is the editor of Extreme Value. In his December issue due out today, Dan's got the latest information on International Royalty - one of his favorite gold plays that was bought out at a huge premium this week, giving readers a gain of over 200% in less than 9 months - and the implications of the buyout for another one of his top gold plays. Dan thinks there's still a ton of upside for investors who get in soon. To learn more, click here.

More from Dan Ferris:

Why you're crazy to buy most stocks today

This powerhouse stock will thrive in a weak economy

Dan Ferris: The most important investment lesson I ever learned