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“Everyone Is Extremely Long ‘Frothy’ Stocks”, World’s Biggest Hedge Fund Warns; Sees Gold Soaring As Dollar Loses Reserve Status

Posted by Richard640 @ 12:55 on January 16, 2020  
But the main reason why Bridgewater is going long gold is also the most startling one: as a result of coming inflation surge and the ballooning US budget and trade deficits, the status of the US dollar as the world’s reserve currency could be threatened.
“That could happen quickly or it could happen a decade from now. But it’s definitely in the range of possibilities. And when you look at the geopolitical strife, how many foreign entities really want to hold dollars? And what are they going to hold? Gold stands out.”
What about other assets? After all, Bridgewater is mostly an equity fund? Well, if there was one word to summarize Jensen’s position it would be that of Howard Marks: “sell.”

https://www.zerohedge.com/markets/everyone-extremely-long-frothy-stocks-worlds-biggest-hedge-fund-warns-expects-gold-soar

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.