Earlier this year, Ray Dalio quipped that “cash is trash.” During a recent Reddit “ask me anything” session, Dalio doubled down, warning that the rush into the US dollar is a mistake.
Because the Federal Reserve has fired up the printing press and is pumping out cash at a dizzying pace.
How are all of these unprofitable companies staying afloat and even making big splashes with media-hyped IPOs?
Peter Schiff addressed this question, along with the supposed “failure” of capitalism in his most recent podcast.
Bridgewater Associates founder Ray Dalio said investors should buy gold.
Bridgewater manages about $160 billion in assets according to its website, and ranks as the worlds largest hedge fund.
In a LinkedIn post, Dalio wrote, “prospective risks are now rising and do not appear appropriately priced in.” He specifically cited geopolitical tensions, especially the war of words between North Korea and the United states, and the looming deadline for Congress to raise the debt ceiling.