Gold will be the last man standing in a currency war -Mobius/Kitco
"Gold will be the last global currency standing as central banks around the world race to debase their paper money, according to billionaire investor Mark Mobius, the founding partner of Mobius Capital Partners. Friday, in an interview with CNBC,
Mobius reiterated his bullish outlook on gold and said that all investors should have at least 10% of their portfolio in physical gold. 'Physical gold is the way to go, in my view, because of the incredible increase in money supply,' said Mobius, in the interview. 'All the central banks are trying to get interest rates down, they are pumping money into the system.'....Mobius added that the recent strength in the U.S. dollar could be the spark that ignites a global currency war. Mobius said the dollar could start to slide as the Trump administration voices its support for a weak U.S. dollar in an attempt to boost U.S. exports. 'They are certainly going to try to weaken the dollar against other currencies and of course, it's a race to the bottom. Because, as soon as they do that, other currencies will also weaken,' said Mobius. 'People are going to finally realize that you got to have gold, because all the currencies will be losing value.'"