Billionaire Ray Dalio said that gold is “certainly” more of a safe haven than the US dollar and the metal’s record-setting rally echoes the 1970s, when it surged during a time of high inflation and economic instability.
The remarks from Dalio – who founded the hedge fund firm Bridgewater Associates – came during an appearance at a conference on Tuesday, when he was asked whether he agreed with the view of Citadel’s Ken Griffin that gold’s rise reflected anxiety about the US currency.
“Gold is a…Billionaire Ray Dalio said that gold is “certainly” more of a safe haven than the US dollar and the metal’s record-setting rally echoes the 1970s, when it surged during a time of high inflation and economic instability.
The remarks from Dalio – who founded the hedge fund firm Bridgewater Associates – came during an appearance at a conference on Tuesday, when he was asked whether he agreed with the view of Citadel’s Ken Griffin that gold’s rise reflected anxiety about the US currency.
“Gold is a…  Read More ​Business – South China Morning Post