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    Home » Mark Mobius advises buying gold during the growth of BTC

    Mark Mobius advises buying gold during the growth of BTC

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    By BlockchainJournal on August 20, 2019 News
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    Investor Mark Mobius suggests that strengthening the position of cryptocurrencies can positively affect the rise in the price of gold.

    In an interview with Bloomberg representatives, investor Mark Mobius expressed the opinion that cryptocurrencies can have a positive effect on gold. Mobius believes that with the advent of new crypto assets and the strengthening of the positions of the already proven cryptocurrency market, there will be a demand for real physical assets, in particular gold. So, he believes that now is the time to buy gold, as in the long run you can count on a decent income.

    Mobius drew attention to the fact that this month gold quotes reached their highest levels over the past 6 years amid expectations that the Federal Reserve Bank, as well as the world Central Bank, will soften monetary policy in order to stimulate the economy. The investor also noted how the trade war between the United States and the Middle Kingdom affects the macroeconomic indicators of different states. Analysts predict a recession for the United States, while investors prefer to exclude risks and are increasingly inclined to traditional assets, for example, gold. Mobius expects the Central Bank to lower rates and increase the amount of money in circulation. The investor advises sending at least 10% of the portfolio to gold bullion.

    Note that at present the price of gold has reached the level of $ 1.503, that is, we can talk about an increase of 15% since the beginning of 2019.

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