In economic crises, financiers resort to different assets so that their capital is not affected and, if possible, make a profit.
Photo: David McBee / Pexels
During the 5th edition of the Future Investment Initiative forum, which was held in Riyadh, Saudi Arabia, those who know about money were consulted that in the hypothetical case of an economic crisis what they would trust to support their capital: the traditional and safe gold, the new bitcoin or to currencies such as the dollar or the euro.
Dinero en Imagen published the responses of some managers of banks and investment funds about what type of asset they would choose in the event of a crisis situation.
Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, replied: “I would opt for gold, to which I would like to add a bit of bitcoins”.
“Gold is a dead asset, but the amount of money printed and the depreciation of debt is a great force as well. So I want this technology, a bit of bitcoins and other industries too. “
Ray Dalio
Patrice Motsepe, founder and owner of the mining company African Rainbow Minerals, also selected the gold and he took the opportunity to highlight that his company has 50 thousand people working in its mines.
For Stephen Schwarzman, the co-founder of the investment group Blackstone, it would be best to choose Earning assets regardless of whether they are dollars or convertible “As long as one has more and more and is not a professional victim.”
In the case of Ana Botín, president of the Spanish bank Santander, the best thing would be to resort to dollar and euro in equal parts.
While for Larry Fink, who is CEO of the investment manager BlackRock, and for David Solomon, of Goldman Sachs, your best option would be to take refuge in the dollar.
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Source-eldiariony.com