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%.
Showing posts with label Currency Wars. Show all posts
Showing posts with label Currency Wars. Show all posts
Friday, January 2, 2015
Jim Rogers is concerned about Currency Wars
"Whether it's an intentional war or an accidental war or side effect [of global central bank easing], I don't know, but it's certainly happening," Rogers tells Wall Street Daily.
"Just look around, you see that nearly every currency in the world is down a lot against the U.S. dollar, except the Chinese renminbi." "I don't know if somebody sat around and plotted, 'Let's have a currency war,'" he explained. "They just said, 'What we need to do is print a lot of money,' without realizing it's going to cause currency fluctuations."
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%.
Labels:Jim Rogers
Currency Wars
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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 "
