Gold is primarily an alternative to fiat currency and a storehold of wealth. The main advantage that gold has over other currencies is that it can’t be printed. While we have just gone through a period in which the degree of monetary stimulation has ebbed, the ongoing deleveraging means that developed economic will remain highly reliably on continued stimulation for years. By the end of the quarter, central banks were starting to shift back toward renewed stimulation.
Read more: http://pragcap.com/ray-dalio-on-the-primary-reason-to-own-gold#ixzz26IK10jdr
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Ray Dalio is one of the most successful asset managers in the industry, and as seen in this video, he's an obvious "insider" at the CFR. BK
LINK...
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Ray Dalio is one of the most successful asset managers in the industry, and as seen in this video, he's an obvious "insider" at the CFR. BK
