Jim Rogers : The Ruble has hit bottom , Buy Rubles !!

Jim Rogers : Buy rubles. I own the ruble, full disclosure. The ruble has hit bottom as far as I am concerned; oil is making a bottom, a complicated bottom, but I’d rather buy rubles than just about any currency these days.

-- in RT https://www.rt.com/op-edge/358414-oil-prices-russia-saudi-arabia/

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 on The Russian Ruble Crisis

Robert Williams: Is it fair to call what’s happening with the ruble a crisis at this point?

Jim Rogers: Well, I don’t quite see it as a crisis. They still have huge foreign currency reserves. This is helping their balance of trade, obviously. They still get paid for oil in dollars. And it’s certainly not – it’s not causing imports to go up in Russia with the currency collapsing. So I don’t see it as a crisis. They have many debts coming due – U.S. dollar debts, which I would suspect they can finance. But, again, I haven’t sat down and put pencil to paper to really determine whether it can be done or not. - in wallstreetdaily.com

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%.