Jim Rogers :"...Yes, I own the renminbi again and I do for the past 5 years. They have been opening at more and more. In fact, just this weekend they opened it up a little bit more. They are constantly making it more and more convertible. I think the Chinese are making a mistake. If I were the Chinese, I would make it totally convertible this afternoon, I would not wait any longer. But I am not Chinese. So they do not have to do what I say, but they are opening it up and as it opens more and more, it will be a very attractive investment and it might some day be an international currency. ..."
in ET Now
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%.
Friday, February 4, 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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