Ray Dalio says ‘cash is trash’ and advises investors hold a global, diversified portfolio

CNBC/Michael Sheetz

photo of pile of Swiss 20 franc gold coins – Helvetia
“’You have to have balance … and I think you have to have a certain amount of gold in your portfolio,’ Dalio said, reiterating his call last year that the precious metal will be a top investment in the years to come.”

USAGOLD note: Dalio says ‘cash is trash’ in this era of negative real rates of return and says gold is the way to go instead. He also rejects bitcoin as an alternative to gold: “There’s two purposes of money, a medium of exchange and a store hold of wealth, and bitcoin is not effective in either of those cases now.”

Repost from 1-21-2020

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