Dalio Warns of US Debt Crisis: Hedge with Gold and Bitcoin
Billionaire investor Ray Dalio has sounded another warning about the US debt crisis. In a LinkedIn post, he advised investors to reduce their bond holdings and put up to 15% of their money in gold as a hedge against potential financial instability.
Dalio, founder of Bridgewater Associates, emphasized the importance of diversifying across assets and countries with strong finances. He suggested that investors should underweight bonds and hold around 10-15% of their portfolio in gold and 'a bit' of Bitcoin to reduce risk and boost returns.
The warning comes as Dalio has long expressed concerns about mounting government debt, which he believes could lead to a crisis within three years. His comments aim to encourage investors to be proactive in managing their portfolios and preparing for potential market fluctuations.