Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”

– “History is due to repeat itself” warns Ray Dalio on Bloomberg
– “I think it will be more of a dollar crisis than a debt crisis” says Bridgewater Founder

– “It will be more of a political and social crisis…”
– “Balance is key” and if going to be active investor, you need to be contrarian and “buy when there is blood in the streets”
– Bridgewater continues to own gold and Dalio views gold as a currency and as money
– “It’s not sensible not to own gold…” Dalio told the CFR

Watch Bloomberg Markets and Finance video via YouTube here

 

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

 

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News and Commentary

Gold rises, padding weekly advance as dollar index deepens September retreat (MarketWatch.com)

Gold hits near 1-week high as easing trade concerns hurt dollar (MarketWatch.com)

U.S. existing home sales unchanged in August (Reuters.com)

Powell reportedly ramps up meetings with lawmakers as he seeks to protect Fed’s independence (CNBC.com)

Trump Told Spanish Minister a Sahara Wall Could Stop Migrants (Bloomberg.com)


Source: WGC

Strongest H1 for central bank gold buying since 2015 (Gold.org)

Why the best response to the financial crisis would have been a recession (MoneyWeek.com)

MoneyWeek saw the financial crisis coming (MoneyWeek.com)

Edwards: A recession might only be six months away (InvestmentWeek.co.uk)

Silver Eagle Sales Surge In September As U.S. Mint Resumes Supply (SilverSeek.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

19 Sep: USD 1,203.00, GBP 912.48 & EUR 1,028.44 per ounce
18 Sep: USD 1,199.40, GBP 913.94 & EUR 1,026.81 per ounce
17 Sep: USD 1,196.80, GBP 914.00 & EUR 1,027.21 per ounce
14 Sep: USD 1,206.20, GBP 918.76 & EUR 1,030.58 per ounce
13 Sep: USD 1,206.65, GBP 924.41 & EUR 1,038.68 per ounce
12 Sep: USD 1,197.80, GBP 919.07 & EUR 1,033.10 per ounce

Silver Prices (LBMA)

19 Sep: USD 14.18, GBP 10.76 & EUR 12.13 per ounce
18 Sep: USD 14.21, GBP 10.81 & EUR 12.16 per ounce
17 Sep: USD 14.17, GBP 10.81 & EUR 12.15 per ounce
14 Sep: USD 14.22, GBP 10.83 & EUR 12.15 per ounce
13 Sep: USD 14.23, GBP 10.90 & EUR 12.24 per ounce
12 Sep: USD 14.16, GBP 10.90 & EUR 12.22 per ounce


Recent Market Updates

– Private: This Week’s Golden Nuggets – Dalio’s Dollar Crisis, Fitt’s U.S. Government “Missing” $21 Trillion and Silver Guru’s End of Empire
– Silver Guru Video: “The End of Empire and End of Fiat Currencies”
– Silver Is ‘Undervalued’ Relative to Stocks, Bonds, Gold – GoldCore
– We Are In “Never Never Land” Accounting As U.S. Government Is “Missing” $21 Trillion
– This Week’s Golden Nuggets – BOE Warns Of UK House Price Crash
– Video: BREXIT To Contribute To London Property Bubble Bursting
– Australia’s Banking System May Be The “Bloody Big Butterfly” Which Triggers Next “Financial Storm”
– Ten Years Since Lehman: Biggest Driver of 2008 Financial Crisis Has Only Got Worse
– London Property: Here Comes the Crash
– This Week’s Golden Nuggets
– Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP Interview

Dave Russell

Dave Russell is the Director of Marketing and Communications for GoldCore, he is also the host of GoldCore TV. Dave is a former professional trader who has been involved in the precious metals markets for over 15 years and financial markets for 25 years. He has appeared as an expert contributor on RTE & Newstalk and CNN.

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