Ray Dalio Slams Mnuchin's Dollar Strategy

https://www.zerohedge.com/news/2018-01-25/ray-dalio-slams-mnuchins-dollar-strategy

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.

http://www.zerohedge.com/news/2017-11-13/ray-dalio-goes-gold-buying-spree-adds-575-gld-holdings-becomes-8th-largest-holder

Bridgewater’s Ray Dalio Says ‘I’m Not Bearish on Stocks

I saw this interview on Bloomberg TV live this morning and do respect and agree with most of Ray Dalio's opinions on markets and debt cycles.  Normally, I would be suspicious of anything a manager of the world's largest hedge fund (Bridgewater) recommends, but Dalio is refreshingly candid in his analysis, which does include criticism of central bank monetary policies.

The interview might have been shocking or disappointing to most audiences, but it was very rational for me.  What was more revealing is the fact that Dalio explicitly said a 5%-10% allocation in gold is prudent for any asset portfolio diversification strategy.  Bloomberg conveniently left out that part of the interview in their article below.

The reasoning is crystal clear.  One of their "own" (i.e. revered financiers) went off the reservation and recommended gold.  Yet, while Bloomberg News published an article about the interview's contents, they conveniently refused to include that portion about gold in the article.  They covered diverse topics ranging from short-term debt cycles, long-term debt cycles, equities, credit, China, interest rates, the economy, monetary and fiscal policies, to inflation, but the article refuses to mention anything about gold, despite it being a core asset of Dalio's recommendation.

The anti-gold media bias is obvious for anybody alert enough to pick up on it--especially when coming from pro-Wall Street media propagandists like Bloomberg and CNBC.  That's exactly why I'm more thoroughly convinced than ever that gold's best days are ahead.

http://www.bloomberg.com/news/articles/2016-03-03/bridgewater-s-ray-dalio-says-i-m-not-bearish-on-stocks

Ray Dalio: “If You Don’t Own Gold, You Know Neither History Nor Economics” – The Reason For Our Unbroken Confidence In Gold

http://kingworldnews.com/the-reason-for-our-unbroken-confidence-in-gold/

Ray Dalio On Gold Buffett Is Making A Big Mistake

https://youtu.be/BepOvOIW1Zg

Ray Dalio - Comments on gold portfolio allocation - Excerpt from interview with CFR

Ray Dalio of Bridgewater Associates sounds like a lunatic gold bug in this interview.  The problem with that assumption is Bridgewater happens to be the largest hedge fund in the world, with $150 billion of assets under management.  Dalio has (Wall Street) credibility and is widely respected.

The venue is also interesting.  This interview took place at the powerful and influential Council on Foreign Relations conference.  According to conspiracy theorists and the paleoconservative John Birch Society, the CFR is "Guilty of conspiring with others to build a one world government..."  The CFR has traditionally been negatively biased against gold, as it poses a threat to fiat currencies.  Furthermore, a gold standard hampers central bankers' capability to create unlimited currency units (and credit) out of thin air.

Hence, it is surprising that the CFR gave Dalio the microphone to spread some truth about gold.  The powers-that-be must have gone ballistic, as one of their own went off the reservation.


https://youtu.be/wK6mUl3YMwU

"If you dont own gold...there is no sensible reason other than you don't know history or you don't know the economics of it." - Ray Dalio

Ray Dalio & Larry Summers - Fed Faced With A Difficult Choice

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/21_Ray_Dalio_%26_Larry_Summers_-_Fed_Faced_With_A_Difficult_Choice.html