Daily Market Update

“Cash Is Trash” In 2020, Hold Gold In a Diversified Portfolio – Dalio at Davos

Ray Dalio of Bridgewater via Quotefancy

◆ “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

Related Content

“Do You Own Gold?” “I Do” – Ray Dalio at CFR

Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager

World’s Largest Hedge Fund Sees Gold Rising 30% To $2,000


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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Mark O'Byrne
Executive Director

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