"I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards," said Jim Rogers speaking at the forum ahead of the 17th China International Fair for Investment and Trade, Sept 7, 2013.
China is the largest creditor country and has huge trade surplus. The Chinese government has leaded Chinese Yuan to be developed on the right way over the past eight years, and those development trends make me confident in the Chinese Yuan long-term development in the future.
There is no reason to restrict the Renminbi globalization. It is good for all Chinese people, as Renminbi globalization means all investors worldwide can invest in China, which will bring great market opportunities to China's commodities. Stock price in China will rise, China will become the world's center for commodity transaction, China's financial market will be the best in the world. The US dollar is a troubled currency, Renminbi globalization can't wait too long, now it is an opportunity for it.
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%.