Ray Dalio Sees Ongoing Diversification Away From US Assets

Group 1 - The trend of diversification away from US assets is increasing, particularly among global central banks, as highlighted by Ray Dalio, founder of Bridgewater Associates [1][2] - Gold prices have risen by 67%, indicating a shift in investment strategies, with central banks purchasing gold to diversify away from fiat currencies, not just the US dollar [1] - The ongoing tensions, including the trade war and what Dalio refers to as a "capital war," are influencing market dynamics and investment decisions [1] Group 2 - Danish pension fund AkademikerPension plans to exit US Treasuries by the end of the month due to significant credit risks [2] - UBS Group AG's CEO Sergio Ermotti cautioned against the risks of weaponizing US government debt, labeling it a "dangerous bet" [2] - Ray Dalio, who founded Bridgewater in 1975, has exited the firm completely, marking a significant leadership change as Nir Bar Dea takes over as CEO in 2023 [2]