Billionaire Ray Dalio Pushes Gold, Citing North Korea Tensions
“Two confrontational, nationalistic, and militaristic leaders playing chicken with each other, while the world is watching to see which one will be caught
bluffing, or if there will be a hellacious war,” he explained, indicating his feelings as to why the geopolitical heat could impact the markets.
He continued, “we can also say that if the above things go badly, it would seem
that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit.”
Now, Bridgewater Associates founder Ray Dalio has urged investors to consider picking
up gold in light of heightening tensions between the U. S. and North Korea.
“When it comes to assessing political matters (especially global geopolitics like the North Korea matter), we are very humble.
Because of that, “we aim to stay liquid, stay diversified, and not be overly exposed to any particular economic outcomes.”
Dalio cited the increasing tensions between the U. S. and North Korea as particularly troubling for the markets.