“Cash Is Trash” In 2020, Hold Gold In a Diversified Portfolio – Dalio at Davos

◆ “Cash is trash” and investors should diversify and own gold as part of a diversified portfolio, world’s largest hedge fund manager told CNBC (see news below) at Davos

◆ For the second time in as many weeks, the world’s largest hedge fund, Bridgewater and its founder Dalio is encouraging investors to diversify into gold as a hedge

◆ The billionaire investor warned investors not to “jump into cash,” and said that “cash is trash … because they’re going to print money.”

◆ Dalio warned very uncertain and difficult economic times ahead and advised holding gold, rather than bitcoin, as a proven safe haven asset

◆ Bitcoin is neither a medium of exchange or a store of value and may never be; it is simply too volatile to act as a proper store of value

◆ Dalio’s Bridgewater Associates predicts the gold price will likely climb 30% to $2,000 in 2020

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