Wednesday, July 6, 2016

Zimbabwe can start economically developing once Mugabe leaves

I started investing in Japan about three years ago, Russia two years ago.

I bought Zimbabwe shares. That's new, I didn't buy a lot. I haven't bought shares in Zimbabwe for about 25 years. It's a disaster but therefore cheap. What instigated me to start investing there again was that they completely abolished their old currency and started using US dollars.

The real new future in Zimbabwe will happen when President Robert Mugabe leaves. He's an old man and he will leave some day, and that will be the real change.

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.