Dalio argued that when governments resist curbing excessive deficits, traditional currencies lose reliability as stores of wealth, making diversification into gold more compelling. He recommended investors allocate about 10% of portfolios to gold. He also noted the dollar has fallen over 10% this year and that even other major currencies have weakened against gold, which he called the world’s second-largest reserve currency.
While Dalio said the dollar will remain the primary medium of exchange, he noted China’s growing role in trade will chip away at its dominance. Ng Kok Song of Avanda Investment Management echoed the concerns, saying U.S. debt has reached a tipping point and warning that other countries, including France, Japan and China, face similar risks.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about dalio us debt crisis threatens currencies says buy gold it ll gain as safe store was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Dalio: US debt crisis threatens currencies. Says buy gold, it'll gain as safe store. )
Also on site :
- Investors thought they were buying pre-IPO OpenAI and SpaceX shares. Their cash went to strip clubs, Bloomingdale’s, and shopping on Amazon, SEC alleges
- Box Office: ‘Verity’ Aims for $35 Million Debut and Anne Hathaway’s Third No. 1 Movie of the Year, ‘Digger’ Could Bomb With $12 Million
- In 1983, Congress set aside $42 million to move a Pennsylvania town off a burning coal seam; Centralia went from 1,017 residents to five by 2020