"Cash Is Trash" In 2020, Hold Gold In a Diversified Portfolio - Dalio at Davos

Ray Dalio of Bridgewater via Quotefancy

? + "Cash is trash" and investors should diversify and own gold as part of a diversified portfolio, world's largest hedge fund manager told CNBC (see news below) at Davos? + For the second time in as many weeks, the world's largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold as a hedge? + The billionaire investor warned investors not to "jump into cash," and said that "cash is trash ... because they're going to print money."? + Dalio warned very uncertain and difficult economic times ahead and advised holding gold, rather than bitcoin, as a proven safe haven asset? + Bitcoin is neither a medium of exchange or a store of value and may never be; it is simply too volatile to act as a proper store of value? + Dalio's Bridgewater Associates predicts the gold price will likely climb 30% to $2,000 in 2020

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GOLD PRICES (USD, GBP & EUR - AM/ PM LBMA Fix)

23-Jan-20 1554.05 1562.90, 1182.94 1191.24 & 1401.91 1411.7722-Jan-20 1558.10 1556.90, 1193.19 1186.20 & 1404.78 1406.0421-Jan-20 1556.25 1551.30, 1192.87 1188.14 & 1401.25 1397.2620-Jan-20 1559.25 1560.15, 1200.93 1200.38 & 1406.76 1407.7217-Jan-20 1556.50 1557.60, 1193.21 1195.15 & 1399.60 1402.9316-Jan-20 1555.20 1554.55, 1190.97 1190.94 & 1393.61 1394.9015-Jan-20 1551.90 1549.00, 1194.65 1189.01 & 1394.23 1389.1414-Jan-20 1544.95 1545.10, 1190.69 1188.49 & 1387.83 1389.3513-Jan-20 1550.35 1549.90, 1194.54 1192.96 & 1394.85 1393.52

Mark O'Byrne