Bridgewater Founder Dalio Urges Investors to Dump Bonds for Gold Allocation - AOL.com
Bridgewater Founder Dalio Urges Investors to Dump Bonds for Gold Allocation - AOL.com
Source: AOL.com
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DW NOTE
Dalio has been calling bonds a terrible investment since yields were at 1.5%. Now that 10-years pay 4.95%, he's still saying sell them for gold — which has fallen 18% in eight months while oil shocks push headline inflation back above 3.5%. That's not hedging, that's fighting the last war with yesterday's hedge.