“It is held by central banks for this reason,” he said. “In fact, gold is the third-most-held reserve currency by central banks.” Ray Dalio, the former Bridgewater Associates CEO said he is holding gold as a hedge against a potential debt crisis and higher inflation. The IMF projects that public debt in the world’s two […]
Last year, the government rang up a $1.7 trillion deficit: $659 billion on net interest costs in fiscal 2023 to finance the debt. Dalio said that is a recipe for trouble. Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. “Economically strong
U.S. and China are on the brink of war, billionaire and Bridgewater’s founder Ray Dalio “We are on the brink of an economic resources war,” the founder of the world’s largest hedge fund wrote last week. The world order is changing, and all countries are getting caught up in the reshuffle based on resources. Bridgewater’s founder
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Ray Dalio says the Silicon Valley Nank failure is a “Canary in the Coal Mine” for what’s to come. Dalio wrote Tuesday that this is part of the classic “bubble-bursting part” of the short-term debt cycle. He explained how it fits into broader historical trends and debt cycles. Billionaire investing veteran Ray Dalio said the
Ray Dalio said China is winning the trade war with the US as the yuan makes gains internationally. The Bridgewater Associates CIO mentor also warned the US is on the “brink” of conflict with China. But Dalio added that the biggest threat to the US remains domestic. China is pulling ahead in the trade war
