Friday, November 25, 2011

The Renminbi will go massively higher over the next few decades

Jim Rogers : "The Renminbi will go massively higher over the next few decades," says legendary Investor Jim Rogers,

who rolls out that China is manipulating its currency"Manipulation is the wrong world. (China) has a managed float. Once the Chinese currency is freely convertible and freely traded, you are going to have a lot of people leaving the U.S. dollar and going into the RMB. Then the U.S. is going to lose its status as the world's reserve currency." - in China NewsWire

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