Q: You have always said that the RMB will continue to appreciate much more in the long term. So the 3% depreciation of the Chinese currency this year is only a temporary adjustment, right?
Jim Rogers : The market has 3%, 13%, 23% correction all the time. So it's good that the Chinese currency is starting to fluctuate. That's how the markets work. If it's only going up, it's artificial. - in China Money Podcast 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%.
