Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Sunday, October 30, 2011
The Best way to Invest in China is to Buy the Renmimbi or Commodities
Jim Rogers : The Best way to Invest in China for my point of view is to buy the currency, the Chinese Renmimbi , it's getting easier and easier to buy it , the Bank of China is going around the world opening branches , I do not know if they have one in Austria yet , they certainly have them in some cities in Europe , in America and in Asia, the currency has been depressed whether it is artificial or not , it has been depressed for some time and in my view the Renmimbi will go higher , another way to invest in China , cause most people do not understand the Chinese companies or the Chinese language but at it is an even better way to invest in commodities , because the Chinese have to buy commodities , if you have cotton , they have to buy cotton , they will take you to dinner they will pay for the dinner they will pay their bills on time because the Chinese they have to buy cotton they have to buy nickel they have to buy oil ...etc ...so if Asia is going to continue to grow which obviously I think it is , buying commodities is one of the best ways (to invest in China ) - in RBS Conference Vienna Austria
Labels:Jim Rogers Renmimbi
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "