Billionaire Ray Dalio said investors should reduce their bond holdings and put as much as 15% of their money in #gold to hedge against the risk of a US debt crisis that he warns could be just three years away.
https://t.co/lQTATsFfC6
#Gold Above $4,600 on Weaker 🇺🇸 Dollar, Debt Fears
New York futures rose 1.4% to $4,636.30 a troy ounce, on track for a weekly gain of 4.5%.
https://t.co/mEKi88i4Y9
#Gold continues its strong run higher, gaining 1.8% on the day and 5.1% on the week to trade at USD 4,600, well above the 200-day MA which was the technical trigger for fresh momentum buying and now also above the 0.382 Fibonacci retracement of the January to June correction at USD 4,574. Next level being the 0.5 retracement and May local high around USD 4,770.
Silver trades up 8.1% on the week, while platinum has added 8.8%
Billionaire Ray Dalio said investors should reduce their bond holdings and put as much as 15% of their money in #gold to hedge against the risk of a US debt crisis that he warns could be just three years away.
https://t.co/lQTATsFfC6
Billionaire Ray Dalio said investors should reduce their bond holdings and put as much as 15% of their money in gold to hedge against the risk of a US debt crisis that he warns could be just three years away. https://t.co/BMPDnCqFZk
Nearly 3x in ten years.
That is gold's share of global reserves, 9% in late 2015, 26% today.
Central banks bought over 1,000 tonnes a year from 2022 to 2024. Then gold repriced and the rest of the pile did not.
This is not a prediction, but an accelerating active position.