Ray Dalio cautioned that escalating US debt will weaken currencies, prompting increased interest in gold | Metals Mine

  • Ray Dalio cautioned that escalating US debt will weaken currencies, prompting increased interest in gold

    From vtmarkets.com

    Ray Dalio has raised concerns about global debt pressures undermining major currencies and increasing the appeal of gold and non-fiat alternatives. He foresees a potential U.S. fiscal crisis capable of destabilising the monetary system and recommends holding 10% of investment portfolios in gold. Dalio emphasised growing global debt burdens and warned that major currencies risk devaluation, enhancing the attractiveness of alternative investments. He considers U.S. government spending “unsustainable” and predicts an impending fiscal crisis that could impact the global monetary system. He believes excessive deficits ... (full story)

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