London (Jan 27) has one of the greatest track records in history, writes Steve Sjuggerud in his Daily Wealth.
He delivered a 4,200% return to investors of his legendary Quantum Fund in the 1970s...at a time when the US stock market returned just 47%. And then he walked away from managing money.
Today, Jim and I agree on a major investment idea. We agree that the time has come to move a portion of your money OUTSIDE of the US Dollar...and into a place you've probably never considered.
I have a simple way to make the investment...and I believe it's the safest place to park your cash over the next few years.
Jim is more ambitious. He believes it could be a triple-digit winner. Either way, it's an idea you need to consider today.
Last summer, Jim predicted that China's currency could soar by 300%, 400%, or even 500% against the US Dollar in the next couple decades. "If anyone wants to sell Renminbi, I'd be willing to buy," Jim said.
And just last month, Jim said he expects China's currency to replace the US Dollar as the world's most important currency in the next 20 years. (He is so optimistic about China, he moved his family from New York to Asia, and his young daughter now speaks fluent Mandarin.)
Anyone investing in China's currency over the last few years has done well. Just this week, the Dollar hit a new low versus China's currency...the Renminbi. In fact, the Dollar has looked pretty bad against the Renminbi over the last decade. Take a look:
Importantly, Jim and I both believe this trend will continue for one simple reason...China's currency is deeply undervalued.
(Courtesy of BullionVault)