– “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
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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)
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)
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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
– 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
– Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP Interview
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