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%.

Tuesday, January 11, 2011

Jim Rogers : The Renminbi can replace the US dollar down the road

Jim Rogers :"...The only currency on the horizon that I see that will replace the US dollar is the renminbi. It is an absurd statement that the renminbi is a black currency right now, but that is the only currency that I see where I know I will make money. I own other currencies like Singapore dollar, Japanese Yen, Euro, but I am skeptical of the US dollar. I do not own the pound sterling. I see no future for the pound sterling and the only thing I see can replace a dollar is the renminbi down the road, but may be governments continue to debase paper money, we may all have real assets. ..."

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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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