Ray Dalio Warns of Economic Parallels to the 1970s and the Rising Role of Gold
TL;DR Summary
Ray Dalio warns that the US is experiencing a situation similar to the early 1970s, with high inflation and a declining dollar, which could undermine traditional stores of wealth like bonds and cash. He recommends investing in gold as a hedge and highlights real estate and art as alternative assets to diversify and protect wealth during economic turbulence.
- Ray Dalio claims today’s America is ‘very much’ like early 1970s — warns major US asset could fail as store of wealth. And you probably own lots of it moneywise.com
- Why Gold Will Lose Its Luster The Wall Street Journal
- Ray Dalio says today is like the early 1970s and investors should hold more gold than usual CNBC
- Billionaires are getting behind the $4,000 rally in gold Axios
- Here's How Much of Your Portfolio Ray Dalio Says You Should Have in Gold Investopedia
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