If you are a follower of Ken Fisher you must be interested to listen to his latest forecast on what will happen in the next decade.
The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher Investments Inc.From Bloomberg
Fisher made this forecast at the Forbes Global CEO Conference in Sydney.
Don’t follow Fisher’s forecast blindly, the man might have made a ton of money from stocks before but keep in mind the man is human and he makes mistakes just like us mere mortals.Like in the case below:-
Fisher said in October 2008 that U.S. stocks were close to the bottom. The S&P 500 fell about 30 percent from October 2008 to a 12-year low in March 2009.
written by Constantine Njeru
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Jim Rogers, a commodities guru and creator of the Rogers International Commodities Index, gave an interview to businessweek, giving his assessment of the ever rising gold price.
Jim Rogers Gold price prediction
Jim Rogers expects it to be over a couple thousand dollars an ounce sometime in the next decade.
Jim Rogers on what is driving the price of gold
- Demand from Central Banks, central banks which were selling gold a few years ago are now buying.
- The US Fiscal & Monetary Deficit – Throughout history, printing money has led to weaker currencies and higher prices for real assets.
- The Herd Mentality – Everyone is bullish about Gold and this is enough reason to drive prices up.
Read the whole Jim Rogers interview at this businessweek article.
written by Constantine Njeru
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