The Renminbi may double or triple in the next 10 to 20 years.

Q: You have been bullish on the RMB for a long time, but the RMB only appreciated for roughly 12% since 2008. You can't say that it's a great performance as an investment?



Jim Rogers : That depends on what you compare with. There are many other currencies that were down. We presume one has earned interest as well even if it's just put into a CD (certificate of deposit). Don't forget that those interests get compounded.
But you are right, there are many other investments that could have made a lot more money. But the point is the currency has continued to appreciate and will continue to appreciate. It may be double or triple in the next 10 to 20 years.





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%.

China should Globalize The Renminbi in the next 20 minutes rather than the next 20 years

  China should Globalize the Renminbi in the next 20 minutes rather than the next 20 years 

"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. "- in 4-traders

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 prefer The Renminbi

 How do you see the key currencies across the globe panning out?

Jim Rogers : Most investors prefer to invest in the US dollar in case of volatility and uncertainty. However, I prefer the Renmibi. - in business-standard



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 Renminbi Could Appreciate 500% In Next Three Decades

China's Currency Could Appreciate 500% In Next Three Decades according to Jim Rogers
 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.

Jim Rogers was a partner of George Soros. Jim has a net worth of over $300 million. He wrote books predicting the boom in commodity prices since the 1990s and has been a China bull since at least 1984.

Compared to the yuan’s value in 2005 (when it was 8.3 to 1 US $), Rogers expects it to appreciate by as much as 500 percent in the future. This would be about 1.7 to 1 US$.

Rogers went as far as to suggest that the renminbi might become the new currency of reserve within our lifetimes.

Nextbigfuture had been expecting the yuan to appreciate to about 3.0 to 1 US$ over the next 8 years or so. This would be about a 250% move. It would be to about the level of purchasing power parity.. - in 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%.

Jim Rogers Ultra Bullish on The Chinese Renminbi

Question : Lastly, what's your take on the RMB? It's appreciated against the dollar a lot. Is it approaching fair value?
Jim Rogers : No, no, no. The RMB will go much higher against the dollar in the next ten or twenty years. Japanese yen has gone up 600 or 700 percent against the USD over the past few decades; it's still competitive.
Of course, there will be times when the RMB will go down. So don't think there won't be fluctuations. But basically, don't sell your RMB over the next few decades.
Also, another way you could consider it is to buy the Hong Kong dollar, which is tied to the USD. Once the RMB is convertible, the HK dollar will be converted into RMB, so that's the other way to play the trade.  - in ChinaMoneyPodcast 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%.

Jim Rogers : Yes, I own The Renminbi

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 www.economictimes.indiatimes.com

Jim Rogers : I would make The Renminbi totally convertible If I were the Chinese

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 : The Renminbi can replace the US dollar down the road

Jim Rogers :"...The only currency on the horizon that I see that will replace the US dollar is the renminbi. It is an absurd statement that the renminbi is a black currency right now, but that is the only currency that I see where I know I will make money. I own other currencies like Singapore dollar, Japanese Yen, Euro, but I am skeptical of the US dollar. I do not own the pound sterling. I see no future for the pound sterling and the only thing I see can replace a dollar is the renminbi down the road, but may be governments continue to debase paper money, we may all have real assets. ..."

Jim Rogers Bets on The Renminbi

Jim Rogers : "...The renminbi. I own and every chance I get I buy more renminbi because it's not that easy to buy the renminbi. You can't just pick up the phone and buy more renminbi, but when I can and I'm there I buy more renminbi. I don't like to use the word "safe" talking about investments but probably the least risky investment I know of any kind is to own the renminbi. I don't see how one can fail by owning the renminbi over the foreseeable future. ..."
How come?
Jim Rogers :"Well, first of all, it's a blocked currency and some people say it's artificially low. The Chinese are the largest creditor nation in the world. They have a huge balance of trade surplus so they are doing many things right so normally it means a currency will rise. They're not letting it rise as much apparently as they should, so as they continue to free it up, and they are freeing it up, you are going to see the renminbi go higher and higher. In the meantime, I get paid interest for owning the renminbi."
Via The Street.com>>>>

Yuan May Appreciate by 3-5 percent

Expect the yuan to appreciate by 3-5 percent, says William McCahill Jr, vice chairman at JLM Pacific Epoch. He discusses whether exporters will be able to handle the rise, with CNBC's Martin Soong.

Is China is keeping the value of its currency, the renminbi, artificially low ?

there's no action without a reaction, and China's cheap renminbi hurts the exports of other countries, namely the United States. So pressure has been growing in the U.S. for the U.S. government to take a harder line.

China Is Already Dumping the Dollar, Niall Ferguson Says

China's "current strategy is to diversify out of dollars and into commodities," Ferguson says. Furthermore, China's recent pact with Brazil to conduct trade in their local currencies is a "sign of the times."
"The idea they don't have anywhere else to go or would shoot themselves in the foot if there were a steep decline in the dollar or appreciation of their currency reassures many people in Washington ‘we can relax'," he says. "An appreciation of the renminbi may reduce value of their international reserves but increases the value of every other asset the Chinese own," most notably the commodity assets they have been buying all over the world.

Jim Rogers on the Renminbi The A-share bubbles and China

Jim Rogers , the biggest problem facing china is shortage of water Mar. 4 2009

Jim Rogers the king of wall street the international investor and co founder of the Quantum fund with George Soros is discussing the Renminbi Yuan The A-share bubbles and China’s Sovereign Wealth Fund
Water is a big concern in China, says Jim Rogers, author, adventure capitalist and international investor. He tells Martin Soong why he is bullish on water and agricultural treatment firms. Rogers also explain why he plans to buy more gold.
Category: News & Politics
Tags:
Jim Rogers china Gold dollar peter schiff marc faber gerald celente max keiser ron paul glenn beck lou dobbs lindsey williams bob chapman economy collapse