Three reasons Ray Dalio’s hedge fund is betting on a 30% gold price surge
“Wall Street bought the rumor on President Donald Trump’s ‘phase one’ trade deal with China, but the world’s largest hedge fund says that investors should be prepared to sell the news and park their cash in the next asset primed for a surge – gold.”
USAGOLD note: Wilmoth identifies three catalysts for Bridgewater’s forecast gold is going to $2000 – 30% higher than current prices: (1) a permanent shift in Fed monetary policy; (2) ‘boiling conflict’ in China and Iran; (3) political turmoil in the United States. Still early in the election cycle, many overlook political turmoil with respect to its effect on the price of gold.
Repost from 1-20-2020