Thursday, March 4, 2021

Tag: Why Did This Billionaire Just Declare “Cash is Trash”?

Why Did This Billionaire Just Declare “Cash is Trash”?

from Birch Gold Group:

As the founder of $160 billion investment behemoth Bridgewater Associates, Ray Dalio tends to have a fairly good idea of how the market is moving.

So when he comments on macro trends, people tend to listen. And recently, he made a couple of rather pointed statements about cash that have pundits perking up their ears.

Talking to CNBC at the World Economic Forum in Davos, Switzerland, Dalio warned investors to stay out of cash: