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Thread: S'pore dollar one of the strongest currencies in world: expert

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    Senior Member melvin's Avatar
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    Exclamation S'pore dollar one of the strongest currencies in world: expert

    By Yvonne Cheong, Channel NewsAsia | Posted: 05 July 2007 1931 hrs

    SINGAPORE : The Singapore dollar is among the strongest currencies in the world and worth investing in, said investment guru Jim Rogers, who co-founded the Quantum Fund with billionaire George Soros.

    The pair built the Quantum Fund into one of the first and most successful hedge funds in the world.

    He was speaking at the Nomura Asian Equity Forum on Thursday.

    Nicknamed the "Indiana Jones of Finance", Rogers grabbed the attention of his audience by opening his speech with his Guinness Record trip around the world with his wife, after retiring at age 37.

    Rogers also took the audience round the investing world, pointing west towards a depreciating US currency, which he believes may lose its status as the world's reserve currency to the Chinese renminbi.

    He said the US economy is out of control, with a debt growing by US$1 trillion every 15 months.

    The investment guru listed the Singapore currency among the strongest in the world, but cautioned that the current stock market may be a bit pricey.

    He is, however, big on China.

    "I own tourism, agriculture and power generation; I own a lot of Chinese shares, a big basket. I own all the water stocks I can find in China, and I own the ports and airlines in China because it's partly to do with tourism. I own a lot of stocks in China, I'm very keen on China," said Rogers.

    That said, he also warned that should the Chinese stock market double or triple by year-end, the bubble might burst and prices might drop by 40 or 50 percent.

    More than 400 investment professionals were present at the Nomura Equity Forum, which ends on Friday. - CNA /ls
    Surprise got people say S'pore dollar one of the strongest currencies!

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    Senior Member Sion's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by melvin View Post
    Surprise got people say S'pore dollar one of the strongest currencies!
    "Earn in Singapore,
    Spend in Malaysia."

    That's what the Johorians say.

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    Senior Member yyD70S's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    It's strong indeed... but currently lagging the high yielders.

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    Senior Member melvin's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by Sion View Post
    "Earn in Singapore,
    Spend in Malaysia."

    That's what the Johorians say.
    Thats why they mark up their price specailly for people who cross border to buy buy buy

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by Sion View Post
    "Earn in Singapore,
    Spend in Malaysia."

    That's what the Johorians say.
    ya, now also go in there get slashed, rob & ahemed...
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  6. #6

    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Strong against USD for sure

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by Sion View Post
    "Earn in Singapore,
    Spend in Malaysia."

    That's what the Johorians say.
    i feel that we should impose higher taxes for johorians working in sg since they are given opporunities to earn a strong dollar across the causeway. and then channel the revenue to our social welfare... maybe i should suggest this to govt.
    Last edited by raincool2005; 6th July 2007 at 02:07 PM.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Read: "One of the"

    Compared to Pound and European Markets which has a relatively long history, still has some way to go.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    He was presenting here. What do you expect him to say?

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    SG dollar is v stable.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by Darrell View Post
    SG dollar is v stable.
    yup its almost back to the same level against the US$ before the Asian financial crisis. I don't entirely subscribe to what the guy said but i agree with what he said about the US$'s declining value.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by swampthing View Post
    He was presenting here. What do you expect him to say?
    So what do you want him to say den?

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    Senior Member melvin's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by jsbn View Post
    Read: "One of the"

    Compared to Pound and European Markets which has a relatively long history, still has some way to go.
    If u compared kuwaiti dinar to sing it will be 1 kuwaiti dinar is to 5.27 sing dollars

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Black Gold my friend.....

    If we have that much of a black gold and natural reserves like in the middle east, woo hoo~~~~

    We are surviving primarily on trade.

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    Senior Member melvin's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by jsbn View Post
    Black Gold my friend.....

    If we have that much of a black gold and natural reserves like in the middle east, woo hoo~~~~

    We are surviving primarily on trade.
    .....We can go trade Black Gold

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by swampthing View Post
    He was presenting here. What do you expect him to say?
    he also said.. correction in stock market is coming.

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    Senior Member melvin's Avatar
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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by raincool2005 View Post
    he also said.. correction in stock market is coming.
    According to him it will correct when the bear hits mainland!

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by melvin View Post
    According to him it will correct when the bear hits mainland!
    anyway i had took profits, reducing holdings... so many aunties are dabbling stocks, it is a sign of bears to come.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by melvin View Post
    According to him it will correct when the bear hits mainland!
    Probably not now. Bears hitting mainland now would reflect badly on them during '08 Olympics.

    Probably after that I guess.

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    Default Re: S'pore dollar one of the strongest currencies in world: expert

    Quote Originally Posted by Sion View Post
    "Earn in Singapore,
    Spend in Malaysia."

    That's what the Johorians say.
    Earn in sg.. spend in cambodia or thailand!!! BE A KING THERE!!
    “How fortunate for leaders that men do not think.” - Adolf Hitler

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