Ray Dalio Slams Buffett For Being "Wrong On Gold", Says "Social Disruption" Is Inevitable
Ray Dalio Slams Buffett For Being “Wrong On Gold”, Says “Social Disruption” Is Inevitable
Tyler Durden’s pictureSubmitted by Tyler Durden on 05/20/2015 17:30 -0400
Given the recent resurgence of precious metals and the looming ‘endgame’ of Federal Reserve faith, we thought dusting off the following 160 seconds of uncomfortable truth from Bridgewater’s Ray Dalio was worthwhile…
“we’re beyond the point of being able to successfully manage this… and I worry about another leg down in the economy causing social disruption… Hitler came to power in 1933 because of the social tension between the factions.”
“Gold should be a part of everybody’s portfolio to some degree because… it is the alternative money.
Warren Buffett is making a big mistake.”