As predicted, the Fear Trade increased the demand for safe haven gold. The yellow metal over the week was just under $1,300, a level that hasn't been seen since November 2016. Last week, Ray Dalio, founder of Bridgewater Associates.
The world's largest hedge fund said it was time for investors to place 5-10% of their gold portfolio as a precaution against international and national geopolitical hazards. The danger of nuclear war is at the top of everybody's mind, but Dalio reminds us that our indecisive Congress may very well fail to agree to raise the debt ceiling next month.
infographic by: tartisannickel.com
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