Some billionaire investors are seeing warning signs ahead.
Spoiler alert: the potential threat of rising inflation and a declining dollar is not news, but the good thing is that there are ways to take advantage of the situation and protect yourself.
Recently, two hyper-successful billionaires went public with their stance on the status of our economy and the future of our country.
In an interview with Bloomberg, billionaire and legendary emerging markets investor, Mark Mobius said investors should have 10% of a portfolio in gold.
Why?
He believes a massive currency devaluation lies ahead. We have a significant amount of money supply that has been printed to thank for that.
Not just in the United States, but globally. Central banks worldwide unleashed a wave of monetary and fiscal stimulus due to the pandemic.
“It is going to be very, very good to have physical gold that you can access immediately without the danger of the government confiscating all the gold.”
To his point, we’re already seeing a deterioration in the dollar. In July, consumer prices rose 5.4% compared to last year, the second straight month of inflation over 5%.
Mobius is not the only one with a bullish call for the precious metal.
Another billionaire, John Paulson says inflation will shoot much higher and is preparing for a gold rush.
Paulson is famous for betting against the 2008 housing bubble and generating more than $15 billion for his clients and himself.
“As inflation picks up, people try and get out of fixed income, try and get out cash. The logical place to go is gold, especially if it starts to rise in inflationary times. But because the amount of money trying to move out of cash and fixed income dwarfs the amount of investable gold, the supply-and-demand imbalance causes gold to rise, and the more it rises – it sort of feeds on itself. It has the potential to go parabolic.”
The US economy is playing a high-stakes game with a lot of serious consequences that are already affecting Americans today.
When it comes to listening to what billionaires have to say, we can quote them, disagree with them, glorify or vilify them, but the one thing that stands true is that they’ve gone against the grain and benefited from it.
What side of history do you want to be on?
Call American Hartford Gold today at 800-462-0071 and let us know your thoughts.
If you would like to learn more, get your FREE Gold and Silver Investment Guide and see why individuals are choosing precious metals to protect their wealth.