Ray Dalio Goes Long Gold
I just read this CNBC article that Ray Dalio is going long Gold. He believes that the markets are undergoing a paradigm shift and he might be right. The operative word is might. His fund’s been taking losses this year but appears to be recovering this July as gold perks up. Why is gold perking up? There’s a lot of economic and poltical uncertainity happening right now thanks to Trump, the Chinese Tariffs, and many other things. Plus, we just came out of an insane Real Estate crash 10 years ago and despite everyone saying it’s over, it still doesn’t feel over to me.
What I will say is that if there’s a nasty crash coming, it might be related to our currency. If there’s a fiat crash, Gold and Bitcoin will rise sharply. The trillions of debt we generate because of Trump Tax Cuts will one day come home to roost on top of the trillions of debt we generated from the real estate collapse. It’s simply unsustainable. The majority of the empires that collapsed, collapsed because of overspending and devaluing their currency. Add in a President that has no clue on how to govern and surrounds himself with people of questionable logic and the damage will be done.
Go long Gold and Bitcoin.
Ray Dalio can read the market and his buy to go long Gold was a good one. It’s nearing $2,000 a ounce and silver is surging to $30 any ounce. I believe that we’re going to see a large move in gold and silver prices over the coming months as election draws near. If the election is contested, and I think it will be, we could see more months of volatility and fear.
All you coin collectors that have [gold or silver american eagles](https://www.amazon.com/gp/search/ref=as_li_qf_sp_sr_il_tl?ie=UTF8&tag=frothedesofth-20&keywords=silver and gold american eagles&index=aps&camp=1789&creative=9325&linkCode=xm2&linkId=dd90b373db406cc05a25a2f10a6ba604), you’ve done well. Coin collecting is a fun hobby that lets you build a valuable collection over time.