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Ray Dalio started the world’s largest hedge fund, Bridgewater Associates, from his New York City apartment years ago. He’s well respected because he knows his stuff.
In an interview on Fox News on the heels of Moody’s downgrading the AAA rating of the US Debt, Dalio warned that things are much more dire than they seem (regarding our national debt).
“When there’s a lot of debt, it has to be sold… and there are not enough buyers for that debt. When that happens, bad things happen like interest rates go up and the economy goes down,” Dalio said.
When asked if he’s worried about the dollar no longer being the world’s currency, Dalio replied, “Yes…When we say world’s currency, let me be clear… I think all the countries are having debt problems now.”
Fox News asked Dalio about his ownership of gold (he has spent $319 million on gold this year) and if he would recommend that everyone buy gold. Dalio responded by saying, “Money has to be a medium of exchange and a store of wealth. And I think because we have a debt problem, you have to look at the alternative monies.”
If you think clearly about what Ray Dalio just said, you have to conclude that he’s concerned that the US dollar (and other currencies around the globe) may collapse soon. Or at a bare minimum, greatly lose what little purchasing power they have left.
Is he right? Is a currency collapse something you should be concerned about?
Let’s look at the numbers… We (our government) are spending roughly $2.6 billion per day on interest payments for the national debt.
TWO POINT SIX BILLION DOLLARS! – EVERY DAY! – JUST ON INTEREST!
Next year, 2026, the annual interest payments will exceed $1 TRILLION!
It’s unsustainable. We are borrowing money to pay the interest on our debt. And it gets worse day by day. The daily interest payment is projected to rise to $4.9 billion per day by 2035.
Should you do like Ray Dalio did and buy gold?
Many experts are predicting that gold prices will continue to climb… Just as it has over the past century and beyond.
So get in now before something drastic happens that creates a mad rush to gold that drives the price to unimaginable levels.
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The Number Of Fund Managers That Believe The Demand For Gold Is Exploding Has Nearly Doubled Since March!
According to a recent Bank of America survey of fund managers, a significant 42% of respondents believe that gold will be the best-performing asset in 2025, while confidence in US equities has declined considerably… a substantial increase from 23% in March.
So Act Now Before Booming Demand Drives The Price Out Of Reach!
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The post Why Did Billionaire Hedge Fund Titan Ray Dalio Buy $319 Million In Gold This Year? appeared first on The Gateway Pundit.