Jul 15, 2021 Guest(s): Mark Mobius Co-Founder, Mobius Capital Partners
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?