Jim Rogers eyes stronger RMB role

Jim Rogers eyes strong RMB role

  "I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards," said Jim Rogers speaking at the forum ahead of the 17th China International Fair for Investment and Trade, Sept 7, 2013.
 China is the largest creditor country and has huge trade surplus. The Chinese government has leaded Chinese Yuan to be developed on the right way over the past eight years, and those development trends make me confident in the Chinese Yuan long-term development in the future.
There is no reason to restrict the Renminbi globalization. It is good for all Chinese people, as Renminbi globalization means all investors worldwide can invest in China, which will bring great market opportunities to China's commodities. Stock price in China will rise, China will become the world's center for commodity transaction, China's financial market will be the best in the world. The US dollar is a troubled currency, Renminbi globalization can't wait too long, now it is an opportunity for it. 




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%.

I will Buy more RMB whenever I can

 "I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards," said Jim Rogers speaking at the forum ahead of the 17th China International Fair for Investment and Trade, Sept 7, 2013.

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%.

Jim Rogers expects The Chinese Yuan to appreciate 500 percent in the next 20 to 30 years

Famed investor and co-founder of the Quantum Fund, Jim Rogers said in Shanghai that he expects renminbi, China’s currency, to appreciate 300, 400 or even 500 percent in the next 20 to 30 years.- via nextbigfuture
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%.

I always buy the Renmimbi when I can

Jim Rogers : I always buy the Renmimbi when I can , you can't just pick up the phone and buy a lot of Renmimbi you have to do it when circumstances allow it - in Money News Interview
Click here to watch the full interview>>>>>>

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%.

The Best way to Invest in China is to Buy the Renmimbi or Commodities

Jim Rogers : The Best way to Invest in China for my point of view is to buy the currency, the Chinese Renmimbi , it's getting easier and easier to buy it , the Bank of China is going around the world opening branches , I do not know if they have one in Austria yet , they certainly have them in some cities in Europe , in America and in Asia, the currency has been depressed whether it is artificial or not , it has been depressed for some time and in my view the Renmimbi will go higher , another way to invest in China , cause most people do not understand the Chinese companies or the Chinese language but at it is an even better way to invest in commodities , because the Chinese have to buy commodities , if you have cotton , they have to buy cotton , they will take you to dinner they will pay for the dinner they will pay their bills on time because the Chinese they have to buy cotton they have to buy nickel they have to buy oil ...etc ...so if Asia is going to continue to grow which obviously I think it is , buying commodities is one of the best ways (to invest in China ) - in RBS Conference Vienna Austria

Jim Rogers : more currency debasement and more inflation in Asia - CNN 08/10/11

Jim Rogers : here in Asia it means mass destruction of currencies and inflation everywhere this is not good for the world this is terrible terrible few are making money out of it , but this is terrible terrible news , now you have more currency debasement and more inflation ....the Renmimbi is gone up because of this and the Aussie dollar is about to rally because of it , you see the US Dollar already going down because people realize , well they are just going to print more money they are going to keep interest rates artificially low , no this is not good for America this not good for the world . ....

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%.

Jim Rogers : I do not own the Real I should but I don't

Jim Rogers :" I own several currencies , my problem is politicians all over the world have learned to buy votes and the way they buy votes the simple way is to print money or to debase the currencies there are only one or two countries in the world that do not want to debase their currencies now , I own several , I can give you arguments against everyone of them that I own , I own the Australian Dollar I own the Canadian Dollar I own the Japanese Yen I own several I do not have much confidence in any of them , The Renmimbi is one of the few I have enormous confidence in , there is no such thing as safe in the investment world , perhaps the safest investment I know is the Renmimbi down the road , so yeah I own several currencies I can give you arguments against everyone of them including the Renmimbi but I own it " Jim Rogers asked "How about the Real ?" he replied " I do not own the Real just because I am lazy and because now they are putting exchange controls on , we gonna have more exchange controls around the world I am afraid before this is all over , I do not own the Real I should but I don't " - in Thomson Reuters Q&A interview

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%.

Jim Rogers : The Renmimbi to become fully convertible by 2013

Jim Rogers : ...blaming our problems on China is not the solution , yes look I think that China should let its currency go float free , if I was China I would let the currency float this afternoon, ...there are many people in China who think if they do that that some parts of the Chinese economy would suffer , now for whatever reason they are over looking the fact that many parts of the chinese economy would thrive , would benefit if they let the currency be convertible , for whatever reason the people who think they would suffer have more power than the people who realize that they will be better off , this is one of the mistakes that I believe the Chinese have made and are making I did not think they would hold it this long , I probably once said ' Oh by 2008 the Chinese currency would be convertible" shows how much I know , but I think they should let it go , and who knows when they will if they will ...it does not make the press very much certainly not the western press , you know it is convertible with the neighbors now , you can trade with the Vietnamese with the Russian or with the Malaysians , Hong Kong , you can use the Renminbi in shops in Hong Kong now , they have certainly opened up an enormous amount they have currency swaps with some of their neighboring countries it's happening , it is not happening as fast as I would do it , I do not vote in China I do not have a say so in China ....I was wrong about it in the first time it is becoming more and more convertible , fully convertible like the Euro and the Australian dollar and like that I would probably say by 2013 but I mean this is an absurd projection for me because it's opening slowly it's happening , I mean I own the Renmimbi it's full disclosure , I own the Renmimbi and every time I can I buy more Renmimbi , they're legal ways to buy Renmimbi I mean it 's not like buying the Euro but I buy it whenever I can because it is becoming more and more convertible " - in Thomson Reuters Interview



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%.

Jim Rogers : when I can I buy more Renmimbi

Jim Rogers Inteview Excerpt Bloomberg

Jim Rogers : when I can I buy more Renmimbi , it's my favorite in the sense I am pretty sure I am going to make a fair amount of money over the years in this currency so yes it is not my favorite in terms of liquidity or being able to do anything with it but as a long term investment it is one I am the most certain of ...

Jim Rogers : The Renminbi and Africa have a phenomenal future

Jim Rogers the Wall Street journal Interview 22 June 2010

Jim Rogers :It is going to change all the time , what I do suggest is read the Wall street journal everyday ...the Asian currencies where the assets are but there may be time where they may go down ...the Renminbi has a phenomenal future as far as I am concerned ...nothing goes straight up nothing goes straight down ,there is going to be huge currency turmoil and there gonna be wonderful opportunities in the next two to three ....Jim Rogers sees great opportunities in commodities in Africa ...there are more than 50 countries in Africa nearly each of them has commodities of one sort or another ...there is uncapped resources the Chinese are there buying as much as they can...because they see what I see....there gonna be phenomenal opportunities in Africa in the next ten or twenty years ....Investing Amid Currency Turmoil . Investor and financial commentator Jim Rogers talks about opportunities in foreign currency, commodities and Africa

Renmimbi is my favourite currency as a long term investment Jim Rogers

When I can I buy more renmimbi. Its my favorite currency in the sense that I am pretty sure I am going to make a fair amount of money over the years in this currency. Its not my favourite in terms of liquidity. But as a long term investment, its the one I am most certain of.

in Bloomberg, June 21