Jim Rogers : Chinas Currency Could Appreciate 500% In Next Three Decades

Jim Rogers : “If anyone wants to sell Renminbi, I’d be willing to buy,” Rogers said. Compared to the yuan’s value in 2005, Rogers expects it to appreciate by as much as 500 percent in the future.“30 years is a long time, it’s hard to predict renminbi’s movement. Rogers’ estimate is too high,” Tan Yaling, the president of China Forex Investment Research Institute, told Daily Economic News. “Renminbi’s exchange rate is already too high, and has already affected China’s economy.”



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%.