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
Dalio has been calling the same trade since 2019 — when gold was at $1,400 and the debt-to-GDP ratio was 106%. Now gold is at $4,677, the deficit is running at 6% of GDP with no prospect of cuts, and the Fed can't ease because inflation won't break. He was early, not wrong.