Markets Insider: Billionaire Investor Ray Dalio Says He's Owning Gold to Hedge the Risk of Debt and Inflation Crises
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Article by Jennifer Sor in Markets Insider
Ray Dalio is holding onto gold as a buffer against risks stemming from higher inflation and a potential debt crisis hitting the economy.
The billionaire investor and former Bridgewater Associates CEO has pointed to mounting debt balances around the world, with the US debt notching $34 trillion for the first time ever this year.
Debt problems have also plagued China, Japan, and European nations — which poses a big risk for the currencies in those nations, he wrote in a post on LinkedIn this week.
"History and logic show that when there are big risks that the ......