Wednesday, April 8, 2015
Jim Rogers top currency for asset portfolio
I’ll tell you, my top three [currencies] at the moment are the U.S. dollar, the Chinese renminbi, and the Hong Kong dollar. Those are the ones I own the most, Hong Kong dollar of course is tied to the U.S. dollar at the moment. The Canadian dollar, I own some Canadian dollars. Canada has been a sounder country than the U.S. for the past 30 years say. No, not 30 years, past 20 years that Canada’s been run more on a sounder basis than the U.S. So I still own some Canadian dollars. They’re certainly down in the last two or three years against the U.S. dollar for a variety of reasons, but I still own Canadian dollars.
Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.