Ray Dalio Warns US Debt Crisis Looms, Urges Shift To Gold And Bitcoin - Stocktwits
Ray Dalio Warns US Debt Crisis Looms, Urges Shift To Gold And Bitcoin - Stocktwits
Source: Stocktwits
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DW NOTE
Ray Dalio warns of a U.S. debt crisis while gold trades 22% below its January high and the Fed is pricing another rate hike this month. The advice to shift into hard assets arrives after gold's $1,176 drawdown from $5,318 — which means the shift he's urging already happened, then partially reversed.