Bridgewater sees gold rallying 30% as central banks ease

Financial Times/Jennifer Ablan/1-14-2020

photo showing a stack of gold kilo bars“Greg Jensen, co-chief investment officer of Bridgewater Associates, the world’s biggest hedge fund, says gold could surge to a record high above $2,000 an ounce as central banks embrace higher inflation and political uncertainties increase.”

USAGOLD note:  As most of you already know, Bridgewater Associates is headed up by Ray Dalio whose attachment to gold is well known. This is the first time, though, that the fund has gone public with a number.  Jensen advises that investors make gold “a cornerstone” of their portfolios.

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