2 Videos : Ray Dalio On Gold
If You Do Not Own Gold, You Do Not Understand The Economics of It...
15th May 2015 , originally posted 22nd April 2015
Ray Dalio founded the fund Bridgewater Associates in 1975 and is widely accepted as the most succesful fund manager (along with Soros) in history.
Ray Dalio is the founder of the world's largest hedge fund firm, Bridgewater Associates, which manages some $160 billion. An important part of his empire is the All Weather fund, which makes up about $80 billion of Bridgewater's assets.
Ray Dalio keeps a close watch on macroeconomic trends and is an astute foreteller of where the world is about to go in the short term. He predicted the subprime mortgage crisis and the collapse of multiple world banks in 2007. The next year, when markets around the world were collapsing in the first bouts of the recession, his Pure Alpha Fund rose 9.5%; the fund has consistently outperformed the market in its 23 years of existence and has an annualized return of 18%.
"Gold is a currency"
He also states that "gold is an essential part of your portfolio and when questioned if he owns gold himself, he states of course"
"If you don't own gold...there is no sensible reason other than you don't know history or you don't know the economics of it..."
Ray Dalio Slams Buffett on CNBC For Being "Wrong On Gold", Says "Social Disruption" Is Inevitable
Bridgewater's Ray Dalio comments on CNBC are worthwhile...
"we're beyond the point of being able to successfully manage this... and I worry about another leg down in the economy causing social disruption... Hitler came to power in 1933 because of the social tension between the factions."
"Gold should be a part of everybody's portfolio to some degree because... it is the alternative money."
"Warren Buffett is making a big mistake."
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