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. ..."
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
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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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