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business6h ago
Ray Dalio warns the world is ‘on the brink’ of a capital war
- Dalio says the world is on the brink of a capital war, not yet in one, due to tense geopolitics and volatile markets.
- Dalio said central banks and sovereign wealth funds are preparing for measures like foreign exchange controls.
- He argues that gold remains a top hedge and diversifier in uncertain times.
- Dalio urged a well-diversified portfolio and discussed allocating some assets to gold.
- The discussion occurred at the World Governments Summit in Dubai, with Dalio sharing thoughts on capital risks.
- Dalio connected capital war risk to potential use of sanctions and access restrictions on assets.
- Dalio linked capital wars to historical precedents around great conflicts.
- He cited past tensions with trade and sanctions as drivers of volatility affecting markets.
- Dalio emphasized the role of gold as a hedge regardless of daily price moves.
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