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News — currency

Head of Largest Hedge Fund in the World: “Paradigm Shift” Coming, Bet on Gold

Posted by Metals Corporate on

By John McDonald When Ray Dalio, founder of the largest hedge fund in the world, posts on LinkedIn, people read every word – even if there are more than 7,000 of them. Dalio, who is co-chief investment officer and co-chairman of the hedge fund Bridgewater Associates, observed in the post that he has spent “roughly 50 years being a global macro investor” and, as a result, is perfectly positioned to identify pending shifts in the global markets and structure a portfolio so as to be “largely immune to them.” Given the fund has nearly $125 billion under management and has...

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Facebook’s Cryptocurrency Could Resolve Stagnant Growth Issues, Resume World Domination

Posted by Metals Corporate on

By John McDonald Facebook has a problem. Actually, Facebook has several problems, only one of which is the extremely high-profile issue of privacy. Interestingly, the social media platform’s new cryptocurrency, Libra, takes inspiration from China’s largest social network and ubiquitous payment app, WeChat, for the answer to the company’s ongoing issues. Libra, which Facebook officially announced and confirmed mid-June, will launch in 2020 and be available in a cryptocurrency wallet that may be accessed via Facebook Messenger, WhatsApp, and as a standalone app. Not surprisingly, Facebook is positioning the launch of Libra and its digital wallet, Calibra, as a philanthropic...

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