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As someone who likes to crack jokes at the expense of goldbugs, Dalio saying to buy precious metals got my attention.
by chroem- 7y ago
As someone who likes to crack jokes at the expense of goldbugs, Dalio saying to buy precious metals got my attention.
- H8crilA 7y agoI mean gold will likely get expensive with the amount of outstanding debt worldwide, explicit and off-the-books like underfunded pension liabilites and health care costs. I.e. it's the value of all major currencies that will go down. Japan cannot ever have anything even close to 2% interest rates because at 2% the central government will pay 100% of the tax take just to service interest payments. This, of course, cannot continue forever without pushing down the value of money, one way or another.