GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Friday, May 15, 2015

Why You Should Own Gold - Interview with Council on Foreign Relations

In this interview with the Council on Foreign Relations, Ray Dalio of Bridgewater Associates explains why gold is a currency.

Dalio adds, "If you don’t own gold... there is no sensible reason other than you don’t know history or you don’t know the economics of it."

"View [gold] in terms of an alternative form of cash. And also view it as a hedge against what the other parts of your portfolio are... In that context, as a diversifier... there should be a piece of that in gold."

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