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, June 26, 2011

Jim Rogers : I do not own the Real I should but I don't

Jim Rogers :" I own several currencies , my problem is politicians all over the world have learned to buy votes and the way they buy votes the simple way is to print money or to debase the currencies there are only one or two countries in the world that do not want to debase their currencies now , I own several , I can give you arguments against everyone of them that I own , I own the Australian Dollar I own the Canadian Dollar I own the Japanese Yen I own several I do not have much confidence in any of them , The Renmimbi is one of the few I have enormous confidence in , there is no such thing as safe in the investment world , perhaps the safest investment I know is the Renmimbi down the road , so yeah I own several currencies I can give you arguments against everyone of them including the Renmimbi but I own it " Jim Rogers asked "How about the Real ?" he replied " I do not own the Real just because I am lazy and because now they are putting exchange controls on , we gonna have more exchange controls around the world I am afraid before this is all over , I do not own the Real I should but I don't " - in Thomson Reuters Q&A interview

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%.
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 "
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