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Gold resumes uptrend amidst more turmoil at Credit Suisse
Dalio says gold coins are a great way to teach children about investments
(USAGOLD – 3/15/2023) – Gold resumed its uptrend this morning amidst more turmoil at Credit Suisse and persistent concern about the global banking system. It is up $16.50 at $1923. Silver is up 43¢ at $22.19. With the safety of bank deposits in question, savers are turning to gold coins and bullion as a savings alternative. Ray Dalio, the widely followed founder of Bridgewater Associates, the world’s largest hedge fund, sees gifting gold coins as a great way to teach children about finance and investing, according to a Yahoo!Finance article posted this morning.
“Another great feature of gold is that it’s essentially timeless,” reads the article. “Gold has been highly valued by people from all walks of life for thousands of years, and that doesn’t seem to be changing any time soon. As an investment, gold has also historically been a safe haven during times of economic uncertainty. This factor makes it one of the most popular long-term investments.” Dalio gives a gold coin to his grandchildren every birthday and holiday.
Gold average annual price
(1971-2022)
Chart by USAGOLD • • • Data source: Macrotrends.net
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