Gold is about to explode? Ray Dalio warns that Russian sanctions could destroy the US dollar

Billionaire investor Ray Dalio warned on microblogging site “History and logic have made it clear that sanctions reduce demand for fiat currencies and the debt denominated in them and support gold,” Dalio said, pointing to previous episodes in which economic warfare reshaped global monetary dynamics. Dalio’s comments follow Washington imposing new sanctions on Russia’s two […]

Wall Street does ‘Heart attack’ achieve valuations? Why Ray Dalio sees gold as an attractive bet

Ray Dalio, founder of Bridgewater Associates, has warned that American markets are confronted with increasing risks such as federal expenditures for the increase in debts. Speaking for the Abu Dhabi Finance Week, Dalio compared the situation with the human bloodstream: debt accumulation squeezes other forms of expenses, builds up as a plaque in arteries. “A […]