‘I would be buying now and continue to buy’ gold, says Mark Mobius investing pioneer
“Mobius says that investors find themselves in a curious spot where buying stocks and gold are both viewed as ways to preserve capital and avoid erosion from inflation. ‘We’re in a very interesting situation where people are looking at stocks to preserve their capital because stocks will adjust to inflation and also gold. Their sort of hedging their bets.’”
USAGOLD note: Mobius has been a vocal advocate of gold on the interview circuit for over a year now. He points out in this article that mine ouput “should be declining” as a result of COVID-19.
Repost from 7-27-2020