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Bloomberg/Staff News/5-12-2020
“The second-order consequences of the coronavirus will be big. The large monetizations of debt and the pushing of bond yields to around 0% (while necessary) will reduce the appeal of holding dollar- and other reserve-currency-denominated debt. The wealth and political gaps and the conflicts from them will influence the distribution of wealth and power. The differences in how the United States and China handle this crisis will influence changes in the world order.” – Ray Dalio, Bridgewater Associates
USAGOLD note: This Bloomberg piece offers the observations and predictions of a large number of top analysts, financiers, policy-makers and business executives on “how our lives will be fundamentally changed.” Dalio (above) offers a very strong rationale in just a few sentences why the prudent investor might want to hedge his or her assets with precious metals.
Cartoon courtesy of MichaelPRamirez.com