Ray Dalio and central banks turn to gold, prepare for crisis

While the Federal Reserve seems to hold a neutral view of the economy in the medium-term, prominent investors like Ray Dalio, as well as central banks, are stockpiling safe haven and hedge assets to prepare for what they believe is a coming economic downturn, this according to Phil Streible, senior market strategist of RJO Futures.

“One of the guys who I really follow, Ray Dalio and Bridgewater, they came out and bought about a billion dollars worth of put options in the S&P 500, so that tells you that these guys are preparing for some kind of crisis,” Streible told Kitco News.

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