Jim Rogers, China and Yuan
In a recent interview Jim Rogers said the Chinese yuan will explode in value over the next several decades, possibly quadrupling during that period of time against the U.S. dollar.
He compared it with the Japanese yen and how it went up about 400 percent over the last several decades against the greenback.
While Rogers believes the yuan should be allowed to float, he thinks it would be better for the yuan, but the idea of designating the Chinese as a currency manipulator publicly wouldn't help.
Rogers added the Chinese know they'll have to eventually allow their currency to float. It's just a matter of the right timing of it from the Chinese point of view.
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