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%.

Thursday, June 11, 2009

China's Yuan is going to be the World Reserve Currency jim Rogers Believes

China's Renminbi Has a Great Future :

yuan-denominated bonds. are becoming a reality this is the start of a new era , China's Renminbi can become one of the world's major currencies once capital controls are removed. this a great opportunity for China also , as investors are looking for alternatives to the dollar , it is another crack in the wall as far as capitals control go , this is also a great opportunity for issuers as well as investors as they are looking to diversify their base ...there is a great a bright future for the Yuan , someday we are gonna see some commodities denominated in Renminbi , and the Yuan becoming one of the reserve currencies that we are going to have ...the 70 years dollar domination era is about to end as it has ended for the pound sterling before ..there is nothing magical about the dollar especially with the amount of issuance that we have seen lately the mistake on the monetary policies and the mismanagement












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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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