Allocate 10% of Your Investment Portfolio to Physical Gold, Advises Mark Mobius
Research Report

Source: Streetwise Reports (8/30/21)

The veteran investor recommends this positioning because global currencies are forecasted to be significantly devalued next year.

When it comes to one's investment portfolio today, 10% of it should be in gold, and it should be physical gold, said Mark Mobius, according to a Bloomberg article. Mobius is a long-time investor, having worked 30-plus years at Franklin Templeton Investments and having founded Mobius Capital Partners.

"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," Mobius was quoted as saying.

The reason for his recommendation, Mobius noted, is the negative outlook for currencies worldwide.

"Currency devaluation globally is going to be quite significant next year given the incredible amount of money supply that has been printed," and given the global governmental spend on fighting the COVID-19 pandemic, Mobius added.

Investing in bullion bucks the most recent trend of investors moving away from bullion-backed exchange-traded funds. During the last 12 months, the number of holdings in this type of investment dropped 8.5% as equities strengthened, Bloomberg data show.

As for the price of spot bullion, it now is about $1,816 per ounce. This compares to its peak of $2,075 an ounce roughly a year ago, when investors took flight to safe haven assets given the coronavirus. Since vaccines came online, however, bullion has pulled back some. Year to date it is down about 4%.

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