Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Ray Dalio is founder of Bridgewater Associates where he co-manages $120 billion on behalf of investors and this year he was named one of Time magazine’s 100 most influential people in the world.
He gave a rare interview to CNBC on Friday where he basically said gold should be owned by by everyone:
“We have a situation now where when you have too much debt. Too much debt leads to printing of money to make it easier to service,” Dalio said. “So all of those things mean that some portion [of an investment portfolio] should be in gold.”
Watch the rest of the interview with Dalio at CNBC >>
