Contact us
CALL US NOW 1-888-GOLD-160
(1-888-465-3160)

10% Gold in Your Investment Portfolio; Get Ahead of the Crowd

  by    0   1

Last week, Independent Strategy head David Roche said gold could hit $2,000 by the end of the year. And Rosche isn’t the only big name in the investment world who sees a shiny future for the yellow metal. Mark Mobius recently said he thinks gold could push above $1,500 as central banks move interest rates lower, engage in more QE, and as geopolitical uncertainty continues to ramp up.

“I love gold,” Mobius said.

He also offered a bit of investment advice, saying gold should make up at least 10% of every investment portfolio — something Peter Schiff has been advising for a long time.

Mobius specifically mentioned falling interest rates in Europe.

Interest rates are going so low, particularly now in Europe. What’s the sense of holding euro when you get a negative rate? You might as well put it into gold, because gold is a much better currency.”

Of course, the Fed has also taken a decidedly dovish turn. Peter has said gold has a lot of catching up to do given the economic realities.

I think gold has a lot of catching up to do to be where it needs to be given how wrong the market expectations were regarding the Fed’s ability to shrink its balance sheet and normalize interest rates, and how wrong the markets are in their anticipation of where future inflation is likely to be and where the dollar is likely to be. So, we’re going to get some big moves up in the price of gold as far as catch-up.”

In an article published at DollarCollapse.com, John Rubino calls Mobius’ suggestion for a 10% allocation in gold “completely reasonable.”

The idea of replacing dollar cash with a historically better-performing store of wealth seems like a no-brainer in a world of soaring fiat currency debt and plunging interest rates.”

But according to Rubino, only about 1% of the world’s investable capital is currently in gold.

Moving from here to 10% would produce spectacular price gains for gold. If it’s even possible, which it might not be: Most current demand for physical metal is from the Chinese and Russian central banks, which presumably won’t be selling their reserves to investors anytime soon.”

Peter has been advocating a 10% gold allocation for years, but he’s been a lonely voice in the wilderness. What if more people begin to catch on?

If the idea goes mainstream, and all investors go to a 10% gold allocation, the price will skyrocket.  Investors need to move quickly to get ahead of the crowd.”

Get Peter Schiff’s most important Gold headlines once per week – click here – for a free subscription to his exclusive weekly email updates.
Interested in learning how to buy gold and buy silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!


Related Posts

Gold Serving as a Lifeline for Indians During Credit Crunch

Gold has become a lifeline for Indians in the midst of a severe credit crunch. When the state-run lender refused to extend Babasaheb Mandlik credit, he used his wife’s gold jewelry as collateral for a loan in order to buy cotton seeds before the summer sowing season window closed.

READ MORE →

Uncle Sam Is Spending Like We’re In Recession; What Happens When We Really Are?

Last week we got the updated federal budget deficit numbers. At $867 billion, the 2019 fiscal year budget shortfall has already eclipsed last year’s deficit of $779 billion. The out of control spending and spiraling deficits are concerning enough on their own terms, but they become absolutely horrifying when you consider that these budget shortfalls […]

READ MORE →

Yield Curve Inverts Flashing Recession Warning; Stocks Plunge

The yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years, stoking recession fears and tanking stock markets. Yield curve inversions have preceded all nine recessions since 1955.  This was the first time the 10-year Treasury yield has dropped below the 2-year yield since June 2007 […]

READ MORE →

China Adds 10 More Tons of Gold to Its Hoard

the country of china shown on a globeChina bought gold for the eighth straight month in July, adding another 10 tons to its rapidly growing hoard. The recent purchases boosted the People’s Bank of China’s gold reserves to 62.26 million ounces – about 1, 945 tons.  China has added about 94 tons of gold to its stash over the past eight months.

READ MORE →

The Fed Has the US Economy on Life Support

The Federal Reserve has the US economy on monetary life support and Daily Reckoning managing editor Brian Maher says it will never again breathe on its own. As hedge fund manager Kyle Bass put it, the economy is trapped within the inescapable tractor beam of zero percent interest rates.

READ MORE →

Comments are closed.

Call Now