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%.

Saturday, June 16, 2012

Jim Rogers Ultra Bullish on The Chinese Renminbi

Question : Lastly, what's your take on the RMB? It's appreciated against the dollar a lot. Is it approaching fair value?
Jim Rogers : No, no, no. The RMB will go much higher against the dollar in the next ten or twenty years. Japanese yen has gone up 600 or 700 percent against the USD over the past few decades; it's still competitive.
Of course, there will be times when the RMB will go down. So don't think there won't be fluctuations. But basically, don't sell your RMB over the next few decades.
Also, another way you could consider it is to buy the Hong Kong dollar, which is tied to the USD. Once the RMB is convertible, the HK dollar will be converted into RMB, so that's the other way to play the trade.  - in ChinaMoneyPodcast interview
Click here to watch the full 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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