Friday, September 21, 2012

What Worries Ray Dalio?

Ray Dalio discusses his biggest concerns about the global economy, and why he thinks gold should be part of every investor's portfolio.

I worry about social disruption, about another leg down in the economies causing social disruptions. Because deleveraging can be very painful until they're managed. But when people get at each other's throat, the rich and the poor and the left and the right and so on and you have a basic breakdown, that becomes very threatening. For example, Hitler came to power in 1933 because of the social tension between the factions.

I think gold be a part of everybody's portfolio to some degree because it diversifies the portfolio. It is the alternative money. we have a situation now where when you have too much debt, too much debt leads to printing of money to make it easier to service. So all of those things mean that some portion should be in gold.

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