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The rise of inflation is happening, as reflected by recent consumer price index (CPI) data, but this is a symptom of a broader problem that begins with currency devaluation, said Mark Mobius, co-founder of Mobius Capital Partners.
“The so-called inflation, or the rise in prices of goods and services, is based on currency devaluation. All currencies, throughout history, have never kept their value,” Mobius told Michelle Makori, editor-in-chief of Kitco News.
Cryptocurrencies and tech stocks, are however, “vulnerable to cash shortages,” especially once the Federal Reserve begins tapering asset purchases and tightening monetary policy.
So, where should you invest to beat inflation?
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Mark Mobius on Twitter: @MarkMobiusReal (https://twitter.com/MarkMobiusReal)
0:00 – The CPI is very ‘inaccurate’
3:18 – Technology vs inflation
4:17 – Money supply
6:15 – The best inflation hedges
8:40 – “Gold is a good haven to save assets”
9:55 – Prioritize buying a home first, then invest in stocks
11:20 – Another “taper tantrum” will likely occur
12:20 – Cryptocurrencies, tech stocks
14:30 – Rising interest rates will “devastate” leveraged companies
16:00 – Emerging markets debt
18:00 – Deflation is good for society
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