Jim Rogers : The Renminbi Could Appreciate 500% In Next Three Decades

China's Currency Could Appreciate 500% In Next Three Decades according to Jim Rogers
 Famed investor and co-founder of the Quantum Fund, Jim Rogers said in Shanghai that he expects renminbi, China’s currency, to appreciate 300, 400 or even 500 percent in the next 20 to 30 years.

Jim Rogers was a partner of George Soros. Jim has a net worth of over $300 million. He wrote books predicting the boom in commodity prices since the 1990s and has been a China bull since at least 1984.

Compared to the yuan’s value in 2005 (when it was 8.3 to 1 US $), Rogers expects it to appreciate by as much as 500 percent in the future. This would be about 1.7 to 1 US$.

Rogers went as far as to suggest that the renminbi might become the new currency of reserve within our lifetimes.

Nextbigfuture had been expecting the yuan to appreciate to about 3.0 to 1 US$ over the next 8 years or so. This would be about a 250% move. It would be to about the level of purchasing power parity.. - in nextbigfuture


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%.