KINGSTON, NY, 18 JULY 2019—Some six weeks after Gerald Celente’s Trend Alert® of the “Gold Bull Run,” yesterday’s big business media news was that Ray Dalio, founder of the world’s largest hedge fund, said gold will be a top investment.
Moreover, in making his case for a “paradigm shift” in investing in gold, Dalio singled out what Celente has been forecasting for years: As economies slow, central banks will increase monetary methadone injections in hopes of keeping the cheap-money addicted bull markets running while their currencies devalue.
In his LinkedIn post, Dalio noted that investors are essentially overweight in stocks and other assets which would likely face diminishing returns. “I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold,” the Bridgewater Associates kingpin said.
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