Raoul Pal on why emerging markets will dominate in the next 5 years (Pt. 1/2)

If Raoul Pal, CEO of Real Vision, had to choose one place to make a 5-year investment, it would be in emerging markets. “Very simple asset allocation. I’d buy bonds in case this economic growth doesn’t appear because the virus goes on longer, the vaccine takes longer to roll out, and we’ve seen shut downs in Europe and I think we’re going to get them in the U.S.. So buy bonds and buy emerging markets,” Pal told Kitco News. “If growth comes back, you’ll make a huge amount of money in emerging markets.”