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Buy gold as risks rise - Dalio

Published 08/11/2017, 07:42 AM
© Reuters.  Buy gold as risks rise - Dalio
GLD
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DGP
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DZZ
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GLL
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IAU
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SGOL
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UGL
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PHYS
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DGL
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DGZ
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UBG
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UGLDF
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DGLDF
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GEUR
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GYEN
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OUNZ
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GLDI
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GLDW
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GHS
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  • "Prospective risks are now rising and do not appear appropriately priced in," writes Ray Dalio. The fact that emerging risks - U.S./NK tensions, and rising odds of failing to raise the debt ceiling - look more political than economic makes them particularly challenging to price in.
  • Though Bridgewater doesn't claim to have any unique insight into political matters, Dalio says gold - more than other safe-haven assets - seems poised to benefit should the above not end well. Take another look at your portfolio, he says, to make sure gold accounts for 5%-10% of it.
  • The yellow metal this morning is up another 0.25%, now on track for more than a 2% weekly gain.
  • ETFs: GLD, IAU, PHYS, SGOL, UGLD, UGL, DGP, GLL, GTU, GLDI, DZZ, OUNZ, DGLD, DGL, DGZ, GYEN, GEUR, GLDW, UBG, GHS, GHE, QGLDX
  • Now read: Precious Metals Correct But Platinum Shines


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