Monday, November 13, 2017

Ray Dalio Goes On Gold Buying Spree, Adds 575% To GLD Holdings, Becomes 8th Largest Holder

This article does appear to be bullish for gold, and it is. However, read the comments as 95% of the commentators understand that Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, did NOT buy physical gold, but instead, merely has exposure to the spot price of gold. He bought the GLD ETF, considered by many gold bugs in the know to be a ponzi scheme. As large as his GLD holdings are, he still won't be able to take delivery on physical gold, as he bought paper gold, a legal claim that will prove worthless when the $hit hits the fan.

No comments:

Post a Comment