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Dalio urges investors to buy gold to hedge against possible war with North Korea

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Elite North Korean soldiers on parade.

At least one prominent Wall Street investor seems to think a war with North Korea is a real possibility. Ray Dalio, chairman and chief investment officer at Bridgewater Associates, on Thursday urged investors to hedge their risks with gold amid rising geopolitical tensions. Dalio, in a LinkedIn post, observed that the dangers lurking under the surface appear to be more political than economic, making them difficult to gauge. “Prospective risks are now rising and do not appear appropriately priced,” said the chairman of the largest hedge fund in the world.