MarketWatch/Jonathon Burton/3-2-2022
“Ray Dalio said he believes that Russia’s invasion of Ukraine is a serious threat to the established postwar world order and leaves him with two worrisome concerns: Will this war spread beyond Ukraine to involve NATO, and how will China respond?’
USAGOLD note: Dalio checks in on the Ukraine crisis, worries about the current economic war evolving to a hot war, and works gold into the analysis. “When hot wars happen,” he says, “classically it pays to sell out of debt and buy gold because wars are financed by borrowing and printing money, which devalues debt and money, and because there is a justifiable reluctance to accept credit.”
