Dalio Says Sell Bonds, Buy Gold, Bitcoin as Debt Crisis Looms - Bloomberg.com
Dalio Says Sell Bonds, Buy Gold, Bitcoin as Debt Crisis Looms - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Dalio has spent a career trading sovereign debt crises. When he says sell bonds in a 6%-of-GDP deficit environment with the Fed locked at 4.5% through year-end and two active Middle Eastern conflicts, he's not forecasting — he's describing a repricing already underway. Gold at $4,677 is still 12% off its January high despite the Hormuz closure; bond holders waiting for proof may not like the entry price they get.