Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society

CNBC/Yun Li/10-20-2021

“’I think to me the No. 1 issue facing Main Street investors is inflation, and it’s pretty clear to me that inflation is not transitory,’ Jones said Wednesday on CNBC’s “Squawk Box. ‘It’s probably the single biggest threat to certainly financial markets and I think to society just in general.'”

USAGOLD note: Tudor Jones has been one of the most consistent and strongest advocates of gold ownership among top hedge fund managers over the years. Now with inflation hanging like a sword of Damocles over financial markets, he says it’s time to “double down on inflation hedges.” The 60/40 portfolio, he says, is “absolutely dead.”

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