BusinessInsider/Shaina Nagarajan/2-25-2022
“Mobius, who has previously recommended portfolios should hold 10% in gold, reiterated support for the yellow metal. ‘I think (gold) is going to continue to go higher in view of the situation,’ he said, referring to a backdrop of soaring inflation and the rise of cryptocurrencies.”
USAGOLD note: Mobius is a long-time advocate of gold ownership. It is interesting to note that he sees China and other Asian markets as a refuge at this point in time – a role traditionally played by the United States.
