Ray Dalio manages $120bn at Bridgewater, so may have a perspective on things..!
Interview in Barron's Here
Points to 15 year deleveraging cycles, through a combination of austerity, default and money printing.
Suggests 10% gold allocations, gold as a currency to protect against devaluation by indebted US, European and Japanese governments. Much more worth reading full 2 page article. Views and perspectives on Europe and risks of European gold liquidity sales.
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