Dalio Warns Of Dollar Crisis - "History Is Doomed To Repeat Itself"

- "History is due to repeat itself" warns Ray Dalio on Bloomberg
- "I think it will be more of a dollar crisis than a debt crisis" says Bridgewater Founder

- "It will be more of a political and social crisis..."
- "Balance is key" and if going to be active investor, you need to be contrarian and "buy when there is blood in the streets"
- Bridgewater continues to own gold and Dalio views gold as a currency and as money
- "It’s not sensible not to own gold..." Dalio told the CFR

Watch Bloomberg Markets and Finance video via YouTube here

 

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News and Commentary

 

S&P 500, Dow up as rising treasury yields boost banks (Reuters.com)

U.S. current-account deficit sinks 17% (Marketwatch.com)

Gold prices steady as easing trade concerns drag on dollar (Reuters.com)

Jack Ma Warns Alibaba, China to Prepare for 20-Year Trade War (Bloomberg.com)

China's Grip on Rare Earths May Have Proven Too Strong for Trump (Bloomberg.com)


Source: Bloomberg

Gold 'Break Out' Is Expected - Probis Securities' Barratt Says (Bloomberg.com)

China's premier insists it's not devaluing the yuan (Bloomberg.com)

A warning from the goldmining boom to today’s cryptocurrency investors (Moneyweek.com)

‘Voodoo economics’ is about to kill this bull market, warns Nouriel Roubini (Marketwatch.com)

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Gold Prices (LBMA AM)

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12 Sep: USD 14.16, GBP 10.90 & EUR 12.22 per ounce


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