Mark Mobius took over for the legendary John Templeton at Franklin Templeton's Emerging Markets Fund back in the 1980s, and filled those big shoes well for three decades. Now running his own shop, he recently made what seems like a completely reasonable suggestion about gold - one that if adopted by the broader investment community would send the metal's price to the moon:
Gold Bull Mobius Says Every Portfolio Needs at Least 10%
(Bloomberg) - Veteran investor Mark Mobius says that gold's set to push higher, potentially topping $1,500 an ounce, as interest rates head