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Ray Dalio thinks ‘cash is trash’ as the printing presses roll

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Bloomberg/Nathan Crooks/4-7-2020

photo of $100 bills rolling off the printing press at the Bureau of Engraving and Printing“Ray Dalio thinks there are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic.”

USAGOLD note:  Dalio has consistently recommended gold ownership  for the citizenry as has his firm, Bridgewater Associates. The link takes you to Dalio’s latest thoughts on the crisis, the value of the dollar, and what he sees as the “era of the most massive MP3/helicopter money monetary stimulation since WWII.” Hence the summation:  Cash is trash.