Ray Dalio says the world has seen it all before

BloombergOpinion/Barry Ritholtz/10-26-2020

“Money printing and the monetization of debt, expanding wealth gaps and the rise of a great power to challenge the existing world order all have historical parallels that provide insight into the present. Dalio notes the effects on society, markets, politics and the economy eventually reach a critical point. He suggests we may be nearing that juncture …”

USAGOLD note:  Dailo offers some history on the dollar and gold, returns to his favorite subject, i.e., the value of money.  He ends by advising the reader that “gold is an effective diversifier” and that “in structuring a portfolio – it’s important to have a piece into gold.” He goes on to recommend “it doesn’t have to be big … 10% to 15% or something.”

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