Billionaire investor Ray Dalio says cash has the worst return
Ray Dalio, founder of Bridgewater Associates, considers cash the worst long-term investment due to inflation.
He defines cash as money held in savings accounts and other short-term, interest-bearing vehicles.
Dalio believes earning interest is not enough to combat inflation, which will eat away at cash over time.
JPMorgan predicts gold could hit $5,000/oz by Q4, as some investors seek alternative assets for wealth protection.