Gold is the way to go, according to one billionaire investor.
Mark Mobius, executive chairman of Templeton Emerging Markets Group and founder of Mobius Capital Partners, said this nearly two years ago.
And his sentiment for the precious metal hasn’t changed. In a CNBC interview earlier this month, he stated, “You’ve got to be in these precious metals, simply because they represent a form of currency,”
“So I believe that those who are looking at gold and silver would be wise to have some of that in their portfolio.”
Our national debt is currently estimated to reach a new high of $30 trillion by the end of 2021, and that’s not considering the possibility of additional stimulus packages.
This, coupled with the fact that most investors feel that we are in multiple bubbles across various markets, means that our financial system is much more unstable than many are willing to admit- especially by the Fed.
Many feel as if the Fed has been defeated for quite some time and now has its backs up against a wall with minimal options left.
An increase in interest rates could leave America unable to pay our debts, forcing the Fed to print even more money to have liquid cash available.
And yes, the money printers are already running at full speed around the clock.
Even the bond market has gained more attention lately, but the billionaire feels that it’s just not enough.
“A 2% rate for the 10-year is not high, and I don’t think that will attract many people,” Mobius said.
Adding that, “It’s not very significant.”
Gold has found strong support around the $1,700 level, retracing from its new all-time high set in 2020, which was around $2,070.
$1,700, a level which many experts believe will be the launching pad for gold’s new bull run.
Mobius restated his perspective from 2019 that an investor’s portfolio should consist of at least 10% in precious metals, particularly in physical gold.
The facts are becoming clear.
Will the experts prove to be right? Are we indeed at the cusp of a significant market bubble correction?
A word of advice: “There’s no harm in hoping for the best as long as you have prepared for the worst.” -Stephen King
We’re hoping for the best but we’re prepared for the worst. Can you say the same?
Learn how American Hartford Gold is helping Americans protect their wealth and assets with tangible assets like gold by calling 800-462-0071.