◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos
◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold as a hedge
◆ The billionaire investor warned investors not to “jump into cash,” and said that “cash is trash … because they’re going to print money.”
◆ Dalio warned very uncertain and difficult economic times ahead and advised holding gold, rather than bitcoin, as a proven safe haven asset
◆ Bitcoin is neither a medium of exchange or a store of value and may never be; it is simply too volatile to act as a proper store of value
◆ Dalio’s Bridgewater Associates predicts the gold price will likely climb 30% to $2,000 in 2020
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In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in the 2020s’ – Watch Podcast Here
NEWS and COMMENTARY
‘Cash is trash’ – Dalio advises investors hold gold and a global, diversified portfolio
Gold inches lower as investors seek clarity on virus severity
Gold ends at a more than 2-week high as spread of China flu fuels haven demand for the metal
Calls for a US ‘digital dollar’ rise as China powers ahead with a digital yuan
World could have just 5 or 6 currencies by 2040, Brazil’s economy minister says
Tether Says Its Newest Stablecoin Is Backed by Gold in Swiss Vault
Germany’s finance minister Scholz says he’s ‘confident’ that a US-EU trade deal will happen
X Marks the Spot: Source of King Tut’s Gold Found Thanks to Ancient Egyptian Temple’s Secret
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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
23-Jan-20 1554.05 1562.90, 1182.94 1191.24 & 1401.91 1411.77
22-Jan-20 1558.10 1556.90, 1193.19 1186.20 & 1404.78 1406.04
21-Jan-20 1556.25 1551.30, 1192.87 1188.14 & 1401.25 1397.26
20-Jan-20 1559.25 1560.15, 1200.93 1200.38 & 1406.76 1407.72
17-Jan-20 1556.50 1557.60, 1193.21 1195.15 & 1399.60 1402.93
16-Jan-20 1555.20 1554.55, 1190.97 1190.94 & 1393.61 1394.90
15-Jan-20 1551.90 1549.00, 1194.65 1189.01 & 1394.23 1389.14
14-Jan-20 1544.95 1545.10, 1190.69 1188.49 & 1387.83 1389.35
13-Jan-20 1550.35 1549.90, 1194.54 1192.96 & 1394.85 1393.52
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