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Ray Dalio: "If You Don't Own Gold, You Know Neither History Nor Economics"
Bridgewater's Ray Dalio explains in under 120 seconds why everyone should allocate some of their portfolio to gold:
"If you dont own gold...there is no sensible reason other than you dont know history or you dont know the economics of it..."
Of course, few 'status quo' believers will pay heed to the $150 billion AUM fund manager, despite his imploring everyone that to be successful, one must "Think Independently, Stay Humble"
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Actually, I do know my history. In regards to gold, when you really, really need it--they take it from you.
Although I think confiscation may be considerably more sloppy this time.
Also, if we get into any big wars with a few large bombs going off here and there...........they may not be able to take it. So, it doesn't hurt to have it. You can always sell it.
Gold is virtue and politics is vice.
Conflict is inevitable.
His lips is moving funny....is there a synced up video?
Digital fiat or paper money is literally infinate, metals and real resources arent. Any Questions?
RIPS
Gold wedding bands. Many do own gold. Melt them down!...
Or maybe you don't own gold because you work 29 hours a week at a minimum wage joke job.
Thank you Scumbama.
You figured it out..it was one man working by himself?
RIPS
Tampons are as good as gold
Yeah in a 1930s style depression you're going to sell it to whom? JP Morgan, pawn shops?
Oh, I'm sure they'll give you a good price...
if you OWN gold, you've had pretty shitty returns the last 4 years
so... huh..... congrats on your history and economics degrees lol
yes, history is only 4 yrs old. great logic, smart guy.
Well history has proven that the ultra wealthy elite massively buy when they cause massive price deflation with of course printed money they collateralize in the bank using fractional reserve lending, so when the masses move in, they get f__king SLAUGHTERED...
Buy now, the cattle pens are open, quick this offer won't last!
Gold is often compared to the dollar but I believe it is a more apt to compare it to bonds. It is more likely that precious metals will replace bonds as the perfered safe asset rather than replace the medium of exchange. On the slim chance PM's do become the medium of exchange in the upcoming monetary shift, it will still replace bonds as the prefered safe asset as well.
Why do Central Banks hoard as much gold as they can get?
Why is the gold in a Central Bank one of the first things to be taken by a conquering Army (or the IMF)?
Gold in small quantities is nothing (except minor monetary or exchange value).
Perhaps a NEW way of looking at AU/AG is needed...
https://aadivaahan.wordpress.com/2012/01/19/shattering-midass-curse-gold...
Just thought I'd throw this out there for everyone to munch on....
http://www.globalresearch.ca/unstable-markets-and-the-great-silver-debat...
And for my last post here....
(History Repeats Itself, so... WAKE THE HELL UP Gold Preachers...)
http://en.wikipedia.org/wiki/Gold_Reserve_Act
First that act did not illegalize FOREIGN HOLDINGS. Americans could buy, sell and trade Gold offshore with absolutely no problem.
(There are ALWAYS LOOPHOLES engineered so that the elitist friends of the Government, of the Roosevelt Administration at that time, will not lose wealth...)
Second just because Gold wasillegalized domestically does not mean that trade within the borders did not happen.
Gold is so easy to smuggle across International Borders. (My folks used to do that in the late 1960s and early 1970s.)
How hard will it be for officials to discern Gold when it looks like Cinnamon, like DIRT?
Here is what it appears like after it is refined...It looks like dirt. I should know as I refine it...FROM OBAMAPHONES. (Thanks Obama. The homeless like the free drink on the Government tab...)
http://en.wikipedia.org/wiki/Aqua_regia#/media/File:Golddust.jpg
It is simple to bring it back to its beautiful yellow allure. Just melt it with a torch.
That is the best way to hide it.
Just how successful has the Government been stopping the flow of Drugs into the country?
How successful will they be with a substance when it is odorless? The dogs will not ever alert to it.
It is far more easy to smuggle Gold than it is to smuggle cash.
In fact I will educate the Mexican Cartel about this.
I really need to go to jail. Really. I do.
sure, forget beijin, singapore, hong kong, moscow, london, paris, hamburg, rio or buenos aires, you live in a small (provincial) world bud
Because Armies like shitty investment returns, because they are hungry, I don't know tell me... /s/
Most of these elite don't own gold......they own some paper derivative......gl collecting on it
The real smart ones invest in mines...
Of course they could be sitting on 5000 tonnes and you wouldn't even know it...
When the SHTF, mines get nationalized.
dont give a fuck about PM, with a gun , everything is free....
When the rioting starts it's not going to be pretty....
Wow, you've been getting downed so much that I believe people just knee jerked this one w/o reading it. For the record, it is the only thing you wrote on this post that is incontrovertible.
Prone to go feral easily, eh?
The feral ones die quickly...
When the SHTF, mines get nationalized.
It all gets nationalized this time, rest assured. That's what Facisists do!
Best comment on this thread bro, mad respect.
You are so wrong. They might trade paper, but believe me they have Phyz as well.
Productive land and fine art as well.
The foundations of generational wealth, and they know it.
Would fine productive stuff include the 3 cases of Hello Kitty Vibrators I found when my boat tipped over?
So who wins if the entire world is dirt poor?
That's an intelligent question, do your best to answer it.
Depends on what you believe their motives are.
After the first hundred million,money is power. So the powerful win.
Same as it always was.
Power is a dangerous thing, because there is a thing called "Jealousy" and people tend to want to kill you for that power. There is also a thing called revenge, something tells me that the UK/US doesn't have a lot of friends now with all of their bombing escapades. Of course if a major global financial collapse were to spring up, then those people wanting revenge of course would have absolutely nothing left to lose, since their livelihood is all gone...
They also know those bolt holes in NZ etc probably will not protect them, so they will
be true ' life and death' desperation as they cling to power.
The prognosis ain't good, so prep and enjoy life while you can.
Well said.
A bolthole in NZ shows a serious lack of historical knowledge.
The natives invented modern trench warefare.
They sold the same piece of land to muliple parties for guns, watched the different factions fight each other, and then permanently evicted the winner with gun fire. And then did it again!
These ain't no peacenik nature loving hippies living in teepees and smoking peace pipes.
If it all turns to shit, you better have whanau behind you because all that money will only buy you a knife in the back on these islands at the bottom of the world.
Too bloody right mate. The Chinese are learning their land here is taxed to hell and fair poaching game, and the cows that came with it are now worth fuck all.
Spot on, both of you.
Exactly! The real wealthy and smart have a decent portion in metals. I don't have the exact quote in front of me, but when the 2008 during the crash, Maria Bart. inteviewed Evelyn (pronounced - Evil in - don't you love it) Rothschild and he said, "On the other hand, If you are very saftey concious you hold onto your gold bars".
Fine art? Did you see the top ten at auction? The Monet and Van Gogh could be hung, the rest were either grotesque or foolishness, and no, it isn't the selling price that determines quality when everyone has lost their minds.
guess what
you lost 50% of your gold value and i doubled 100% of my stock value
so... i can now buy 4x as much gold as you when it's ACTUALLY a smart time to hold gold
but whatever helps you cope with your losses hahaha
I will make it simple...
Know when to hold em, know when to fold em.
It's easier to wipe your ass with paper then metal...
Did you cash out ? Did you buy your PHYSICAL gold ?
If not, STFU and go troll somewhere else...
It doesn't matter at what price you purchased it.
It matters that you HOLD it.
Phiz is the only way to go bro...
Go wipe your ass with some comex contracts.
And I'm sure that you can time the markets close to perfect (and frontrunning the algos too) every time. I'm comfortable with the saying, I'd rather be out a couple of years too early than 1 day too late,
Living in London might help you 10X more though. :D
One bit of wisdom I've gleaned from life, and I swear is alway true, is that whenever someone begins anything with "guess what?" the following statement will be a plain and vulgar display of douchebaggery.
Guess what?
It happened again.
See how that works asshat?
Logged in just to give you a greenie. Perfect!
You strike me as just another limp dick who bought near or at the peak and is still pissed because your brain is only capable of thinking in terms of fiat.
That, or troll, either way state your monkey's MO or get the fuck out.
Whoppdee doo for you! If Dalio only has 20% allocation to equities, but that's $4 billion, he still made $4 billion on his stocks. That paid for his 5% loss in gold, and then some. How much $$$$ did you make on your 100%?
Gold is ~1200 now cold go to 450 (like the recent oil slump) or who knows maybe 2500 the problem with it is has 0 yield. So keeping large amounts of gold just to look at it seems a bad idea.
Gold at 0 yield is better than some sovereign bonds right now.
That is true but if the predictions of WTI OIL going to below 40$ and oil being cheaper for maybe the nex decade are true, as many arthicles on zerohedge say.Than there is now way gold is fair valued at 1200, a historical average gold oil ratio of 15 implies gold at 450$ for oil 30$.
Conscript what an excellent name, your certainly trained to think of fiat as lasting value while ignoring 5,000 years of history, your everything I have come to expect of years of government training.
If you OWN gold, youve had pretty amazing returns the last TEN years. Fixed it for ya.
Not really. If you'd bought LYB in 2008...a well nigh bankrupt chemical company with bond yields in the double digits you'd be a millionaire living on the dividends right...with global travel becoming dirt cheap right now I might add.
Sure...buy gold. It's not like it isn't available. Make sure you store it in a safe place though too.
That says to me buy good property and some good guns and ammo.
I prefer a Browning ten gauge pump action capable of firing 3 inch high brass myself. Yeah it won't penetrate your body armor but you ain't getting up off the ground anytime soon either.
Make sure your brother is providing over watch with a 7mm magnum just in case they get any ideas too...
no the people that had amazing losses bought gold cheap and sold it high
and then bought cheap stocks
which was basically ANYONE with a brain to read basic Fed policy
Laowei Gweilo . . . . it's "Lao wai Guai lo".
The foreign devil apparently knows how to enter and exit stocks and gold, but hasn't spent much time in the middle kingdom.
swooosh right over your head lol
Is it just me or have other ZH readers noted that there are several new fuckstick trolls on here- all of which have been here a matter of weeks rather than years?
yep -I have noticed more nasty racial dialog along with what seems to be fed lackeys. I can laugh at the fed trolls. The racial bs has no place in our USA - the USSA may be different though, we all need to look out.
The problem with your theory is this: by today's FED rules, with stock you have to win every day, but you only to need to lose once and you're totally fucked... Enjoy playing in the rigged casino, you moron !
casino?
more like an atm lol
no casino wins spits money this much haha
....i guess if it must feel like a casino to gold bugs tho! :( so sorry about that
Gold is the universally best form of money hands down decided for 1000's of years by the faith of humans. Remember, earning money from money alone used to be a sin and a crime. Now its what people do, screw over others for a percent. Right now the only purpose for gold is insurance as it does not widely circulate above board or black market. It is not a trade (aka play, aka gamble, aka bet) as many people write about here. It is a buy when you have some extra currency and have your other essential needs covered (preferably dollar cost averaging).
I've been saving gold for over thirty years now. So far, so good.
Food is the new gold...
If things got that bad.......you wouldn't want to sell it for paper $ because it wouldn't be worth anything. If you still had the shit 5 years from now, the collapse didn't come, and things were more stable(haha) then you wouldn't need it would you.
You all aren't paying very good attention today.
You should have spent the 2 minutes and listened to what Ray D. said. As well as money, Gold is a currency.
I'll just pay your wife and sisters with it and they can buy what they want.
Fuck that, i'll pay you gold to take them.
The Fed Encouraged Packing TNT round the Blazing Ponzi Fire-Pit - The Impending Explosion is no Accident
http://econimica.blogspot.com/2015/05/the-fed-encouraged-packing-tnt-round.html
Asset bubbles are going nuts w/ froth in stocks, RE, art, cars, etc. etc. (just don't buy PM's...wink wink). BUT the US and global economy is in such bad shape Fed can't raise rates or Fed's can't raise taxes...in fact expect looser money dead ahead and that is the recipe for hyperinflationary action now...eventually culminating in the long slog of a depression.
BTW - both Residential and commercial RE here in the NW is back to '07 frothiness...offers a $100k over asking on a $400k condo not good enough!!! Investors literally frantic to buy something.
Average age of minimum-wage worker: 35 (http://www.epi.org/publication/wage-workers-older-88-percent-workers-ben...)
Wow.......That is a fucked up mess. If you are 35 making min wage, you are not digging out in this lifetime.
Let me get right on that because it has to work out, right?
I had metals...but the lockness monster ate them...
All i have to do is hunt that bitch down and im all good!
RIPS
That rat bastard got mine as well...... just after my boating accident.
The hookers took all mine
All I got was sores.
"In regards to gold, when you really, really need it--they take it from you."
Maybe I'm not following but the same can be said for retirement accts, guns, food stocks, your life, ad infinitum. You bury the gold and wait them out.
I think you could expand my 2nd comment to cover all of what you just said.
the last time they did that, there was considerably more trust in govt than there is now, I would think. Plus, there are more than a few "cold dead hands" types these days who actually mean it when they say it. Door to door gold/gun confiscator would probably end up being a very high risk job for the govt. While I do believe there are plenty of people in this country who would gladly dime their neighbor out for possessing gold coins or any other thing the govt decides to ban for a small pittance, I don't think there are that many who are willing to go get shot at just to confiscate coins from a bunch of people who, at that point, are seriously pissed off individuals and aren't going to hand anything over peacably.
Damn straight, if the feds attempted that it would lead to a new American Revolution.
Good luck finding BUYERS...
Once again, you should have spent the 2 minutes and listened to what the man said. Gold is a form of currency.
Lincoln & Kennedy would agree with you...
(The down voters obviously don't know history)
http://en.wikipedia.org/wiki/Gold_Reserve_Act
Yes, yes ... because the government says cocaine and other drugs are illegal nobody ever buys them.
Oh wait. FFS.
"considerably more sloppy"
Pay attention! LOL.
They'll just do what they did in Cyprus. Tell the banks to open the safety deposit boxes, empty those boxes in their bag and count it somewhere else just after they empty all the accounts with more the 15k in them, including all the retirement accounts. Your banks will simply steal it from right from under your nose by locking you out and letting their thief partners in the door. That's how this all works.
Now the gold you think you will be able to spend afterward, Where will you spend it?
You going to go to the same banks that work for the confiscation bureau? (aka the governments of the world.) They'll have a party van full of men in black suits on your front door for a free vacation at a FEMA camp. You are under the illusion that anyone is going to get their gold, time or money back out of the investment. You aren't. Your neighbours incidentally won't give a shit btw, pretty sure you'll be the story about the man that tried to cash in his gold and then it got spooky around the neighbourhood. You will be the example, because that's how the confiscation routine has always worked historically.
Again, the same assholes that price the PM's are the same assholes that tell the governments and police forces to arrest their citizens for having it. Plain and simple, it's a trap. A poorly constructed trap; but with all the mechanisms in place, laws passed, people in place. It is all a trap. So you might have a warehouse full of the stuff. But the issue is as soon as you spend your PM's, you'll end up with about a thousand red flags going up at once unless there is some imaginary economy where a gas station or a grocery store takes PMs. You will still need to turn the PM into cash somewhere along the way. That requires paperwork, drivers licenses and an extra piece of ID issued by the same people that work with the banks and the people that set the price of PM's.
It's not a conspiracy either, that's how the system is built. It's built to rob everyone that subscribes to that service. What service do they offer? Robbery.
We already have thriving black markets. When govt. amps up the tyranny the black markets will expand to easily accommodate your stack.
The black markets never left and now they operate in BTC, they don't take PM's because blackmarkets have an aversion to filling out paper work since they are cracking down on cash over certain amounts. Again, same problem as trading in your honest gold. Having bitcoin makes it a hell of a lot easier in a world economy. Here's a non silk road Bitcoin eBay that doesn't sell crack or pot that started up a couple of months ago and is running smoothly to develop an eBay economy that ships all around the world. Buy or sell everything from cars, groceries, services, software, houses, beer, wine, even PM's. In Bitcoin, to any where in the world.
https://cryptothrift.com/
This is just one site out of a couple flagships around the world in every language because unlike the bankers belief's. The WORLD economy is now THE economy. Might have been a time 2000 years ago when gold and silver did the trick, but today everyone involved in financial anything is a dirt bag. Zero merit or trust is implied or warranted. Even in the PM trade.
Otherwise keep the PMs and the fiat, they aren't worth anything now and trying to find someone later that understands them as money and their valuation. Fuck that...you're asking for an imaginary trade situation. Just as delusional as those crackpots running the banking industry thinking they can flush the remaining PM's out of the system by under valuing everything they can leverage. The fact is eveyrone is beyond broke, the world economy is dead with 3.8 quadrillion dollars of total debt including all the derivatives still on the books. The value of PM's is now dead, no thanks to the idiots that ran it like greedy, dumb pigs. It'll be poetic justice for them, the unfortunate fact is they financially ruined all of you to prove nothing but how retarded they were.
The only live economy right now is BTC with the transactions already eclipsing the paypal daily. Might not make a fortune, but it's enough to live, trade and barter with anyone in the world safely and securely while the BTC economy grows very well nourished from the rotten compost of today's economy without firing a single shot or giving a fuck what a bunch of jew bankers want. The fact is the timing is impecable, the technology is everywhere and PM's are worthless in a digital world.
Unless you like dealing with these assholes of course. You make your own choices, just be prepared to repeat the past is all.
Bitcoin is too grid-dependent. It has counterparties out the wazoo, every link in the chain that must exist for you to use it is a weak point. And everything the controllers are doing points to tracking individuals electronically to the degree where they can develop a personality and predictive profile about every person. Why would anyone believe that they will exempt bitcoin from their tyranny? If they suspect you of using it they will just shut your phone down. Circumvent that they will make them bio-specific like they want to do with guns.
The nation has a tradition of using metal for money, but no tradition with electronic money. Americans will accept the idea that the techno nerds shouldn't have their own little currency. It already smells like tax evasion to most people. They will be less likely to accept banning gold and silver. Worst case, government exchanges it for fiat.
We hear that there have been 2000+ fiat currencies that have defaulted. You keep saying that they always round up the gold. Name five instances that were more heavy-handed than the US experience. (or shutty. I think you've yanked that tidbit from your nethers, no offense.)
What!?, use that stuff that goes into rings and necklaces as money? Are you out of your gourd? Why should I do that? I can't transmit gold or silver to buy cheap chinese shit online!
-Clueless Media-Watching American
" they don't take PM's because blackmarkets have an aversion to filling out paper work"
What kind of black markets are you talking about? It has been my experience that black markets don't really give a crap about paperwork...
Having thought it through, I've reached pretty much the same scenario. And if there is a black market and these...associates even think you have a substantial gold cache, you're gonna wish the Feds found you first.
But can you bury BTC in the ground and have it be worth a fortune in 100 years?
Quantum Computer race is on.
You seem to be under the illusion of many others. One that is assuming that there will be a paper currency existing.
The only thig that gives paper a value is the belief that it is worth something, but this is what will cause the collapse, is that the currency will have no more belief and it will die, at this point as always GOLD IS MONEY, you wont sell it for paper you use it as currency.
TPP and the fake RepubliCON opposition to the scum Dems shows they don't care about what Americans think.
Seriously. Do you guys believe that shit?
Yes, corporations aren't loyal to ANY Nation or territory, they've proven that how many times?
(Yes THE UNITED STATES OF AMERICA is also a corporation)
Very little was turned in. That's why you can go buy everything from circulated to AU to uncirculated, to mint coins made pre 1933. They are all over the place.
...
So, make a list
Air
Water
Food
Shelter
and then the conditions kick in
Hot/cold what have you
all the rest, go see a prepper site
I'm not a religious man but i do hope that humanity can find a way to evolve NOT fucking things up.
I never said don't buy gold. I think you should. But not at the expense of having no way of acquiring the basics first. Just know, that if things get really out of hand, you're just not gona be prancing around with a pocket of gold coins buying shit like it's your local walmart, and, most likely, gov't goons will try to figure out how to get it away from you. Along with everything else.
You mean 'more' fucked up. LOL.
Guns & Bullets are the #1 commodities...
Because they will be acquiring all of those things when TSTF with guns & bullets...
The violent takes (What they want) by force...
Get ready.... https://www.youtube.com/watch?v=oC-GflRB0y4
Acquistion and Targets are part of my personal shtf plans. Along with everyone else's probably. I think it will be 20% prep, 80% luck, just imo. Once it hits might just say screw it and only use one bullet.
Underground will need to be a serious consideration...
(Obviously the down voters have never seen the movie "Demolition Man")
This downvoter doesn't waste his time on Hollyweird fantasy productions.
They will pick the gold out of the rubble after the drone strike.
"You bury the gold and wait them out."
Until it loses all it's "emergency" value ?
Obviously the down voters are living in Lalalala Land, so I'm gonna play them a song....
https://youtu.be/3O1_3zBUKM8
They can't take your Bitcoin.
Riddle me this, WTF good does it do when you can't access your bitcoin?
WTF Gus? Are you for real? Is the bitcoin crowd really THAT fucking block headed to think they are the end all to any kind of intrusion?
No, but they can take your electrical power, or internet access...
They can take everything &&& more importantly....
What they do to the least of us, they will do to ALL OF US....
Just in case you don't get it...
https://plus.google.com/+ancestralprodigee/posts/91Qyg5M9AYC
Fuck off link whore
I had gold but I lost it when the boat sank. Tragic accident....
That's why I diversify... not in paper, but primarily in gold and other metal holdings.
1. Physical metals
2. Small hoarde O' Cash for bank holiday
3. Karatbars... offshore and not in a bank
And frankly, after a decade of speaking to family, friends, writing articles over at Examiner and my website on the need for gold, I realize that those who are awake already own it, and those who are asleep never will.
But it will sure be fun watching the panic buying when it finally is released from the cartel.
Dovie'andi se tovya sagain (It's time to toss the dice)
With a 60% + mark-up it's easy to see why people act asleep when hearing of the benefits of Karatbars!
Perhaps that is one way to look at it, but then again, where can you have gold stored in a vault for free, have access to a virtual offshore bank account (e-wallet), and then be able to liquidate your gold into cash that is pre-loaded onto a debit Mastercard, usable in any currency around the world?
Plus the fact that I and other affiliates get paid with the company, and since I now buy my gold for (free) from my commissions, it is worth the small premium that is applicable when buying gold in Euros.
Hells, at the SGE the premiums are upwards of $300-600 on physical metals, so why bitch over pennies for an asset that is undervalued right now anyway? :D
at least he didn't address us as BITCHEZ.
If confiscation is applied to individual holders of gold, it will succeed only with the unlucky, the fools and the loudmouths.
There may in fact be no "other side" to the approaching singularity but one can, at least, bury some hard assets and hope for the best.
My entire contigency plan when the Big Flush is unfolding, is predicated on an expectation that the Aristocracy is going to come and steal the serf's gold.
So, when the chatter regarding that begins, and I mean long before the sucker in the street is talking about it, I am going to dump my gold on those unsuspecting morons and buy land.
Gold is a mechanism, not an end in itself.
That's what I figure. There will be a quick run up in value but you must sell before .gov comes a'callin. However 1) gold initially fell in '08 and 2) look for a windfall tax even if you do time it right. They're not the world's biggest police state for nothing.
I don't know if I would call the alleged confiscation sloppy, but I would suggest that it would be a lot more difficult this time around. I'm not sure how much the public trusted the .gov back then but I would suggest that today there is a fraction of the trust there was back then.
I don't see their confiscation being very successful second time around but then again who am I to say.
silver. silver has always been the American answer. bi-metallism, so that when gold is confiscated, or hard to transfer....
Keep your gold in jewelry form, as is done in India. Jewelry has never been confiscated, and doubtful ever would be. It was exempt during the last confiscation, along with certain coins.
You'd be surprised at how much value can be packed into 22k jewelry, and how many ounces can be incorporated into the latest "designer" pieces...
I don't know about everyone else, but the CFR starting to have guys like this and others (Greenspan) get up and clearly define gold as money has got my stomach a bit uneasy. Sort of like at a Chinese restaurant and the waiter tells me, "special just for you." It's not enough to get me to walk away from the table, but somehow my appetite isn't as strong as before. Nothing I can put my finger on, just the ring of it puts me off for some reason.
Just saying
This stuttering weenie actually made a pretty good video on Keysianism.
https://www.youtube.com/watch?feature=player_embedded&v=zKBuYZMjYZ8#t=627
(for those that appreciate the best of propaganda.)
and you don't know how corrupt governments can get.
Dalio should read the protocols.
Best crystal fooking ball eva... :D
Gold Bitchez
Stock market up. Out come all the foil hatted Gold Bitchez. Long term hold , Gold and MASH video collection.
The only bitch is you.
What Ray? You don't mean it do you. After all Benny said it's for tradition.
Fuck him and the submissive zombies who work at Bridgewater... L Ron would be proud
Another billionaire who's looking after our best interests -- riiiiiight.
What a shit speaker - he'd never convince me to own gold much less anything else.
Ray Dalio is, perhaps a lousy speaker, but I'll bet his net worth exceeds yours by a factor of thousands. You really should look up who he is.
Agreed. I pretty much respect no one in America especailly the financial industry. Ray Dalio is a straight shooter and a very bright guy. I think he, Gundlach, Dr. Michael Burry and a few others I respect.
https://www.youtube.com/watch?v=1CLhqjOzoyE
Dalio is the real deal. He obviously trying to warn people and avoid becoming a target.
Yes, but no more than 5-10% as an Insurance Policy.
Although there are plenty of other Precious Assets that retain value over time. They might even be less subject to CB manipulation. DYH.
5-10%? Noise.
James to captain Kirk.....
The emporer has no clothes...
Dalio says there "isn't enough" gold to get all your "wealth" into the metal.
I wonder what that implies...?
Right. Let's talk price per gram or milligram, then.
PPA
Price per atom.
http://finance.yahoo.com/news/emerging-american-trend-terrifying-news-16...
Everyone better restock their undergound shelters 'cause even MSM is terrifyin gthe peeples.